Investor Alert: Theranos Inc.
Did you lose money investing in Theranos Inc. at the recommendation of your broker? If so, the securities attorneys at The White Law Group may be able to help you recoup your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Theranos Inc. operates clinical laboratories in Arizona, California, and Pennsylvania. The company specializes in the areas of oncology, pediatrics, and geriatrics, according to Bloomberg. It also designs, develops, and manufactures testing products in the United States. Theranos, Inc. was founded in 2003 and is based in Palo Alto, California.
In 2010, the company filed a Form D to raise capital in Palo Alto, CA.
Are Reg D Private Placements Suitable for you?
Private placements are a means for smaller companies to raise capital through the sale of equity or debt securities without having to register their securities with the SEC. These investments are often riskier and more complicated than traditional investments, and are only suitable for high net worth, sophisticated 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 in line with the investor’s age, risk tolerance, net worth, and investment experience.
Despite the risks of investing in this type of alternative investments, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly selling alternative investment products like Theranos Inc. to their clients.
If you lost money investing in Theranos Inc. or another private placement investment and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.