March 22, 2017 Comments (0) Current Investigations

BDCA Secondary Market Offer

BDCA
(Last Updated On: March 22, 2017)

Concerned about investment losses in BDCA?

Have you suffered investment losses in BDCA?  If so, the securities attorneys of The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.

Business Development Corporation of America (“BDCA”) is a non-traded business development company that invests in first and second lien senior secured loans and mezzanine debt issued by middle market companies. The company’s portfolio is comprised of $2.3 billion in directly-owned investments, since the last quarterly filing with the Securities and Exchange Commission. The company commenced its initial public offering in January 2011 and raised $1.9 billion before closing the offering in April 2015. The annualized yield for distributions was 7.78 percent based on its then public offering price of $11.15 per share.

Unfortunately for investors, Central Trade & Transfer, a secondary market for private placements, is offering to purchase shares of BDCA for $7.55 per share. That’s significantly less than the original purchase price.

High Risk Investments

The White Law Group continues to investigate potential claims against the broker dealers that sold high risk investments, like BDCA, onto unsuspecting investors.

Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Recommendations should be appropriate in light of the investor’s age, risk tolerance, net worth, and investment experience.

Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses in a FINRA arbitration claim.

For more information on The White Law Group’s investigation see Business Development Corporation of America (BDCA) Investment Losses.

If you have invested in Business Development Corporation of America and would like to speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida. To learn more about The White Law Group visit www.whitesecuritieslaw.com.