Investigating Potential Claims Involving United Development Funding III
Did you lose money investing in United Development Funding III at the recommendation of your broker? If so, the attorneys at The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
United Development Funding III LP operates as a real estate investment firm for institutional investors. The Company’s investment strategy if based on financing and acquiring land for median-priced residential homes, according to Bloomberg.
Investigation of UDF III
The White Law Group continues to investigate the liability that brokerage firms may have for recommending UDF funds such as United Development Funding III, to its clients. The firm has handled a number of claims involving UDF funds over the years. In those claims, the firm has alleged, among other things, that the UDF investments were
- high-risk and unsuitable for our clients given their financial situation, needs and investment objectives,
- that the risks of the investment were not fully disclosed to them, and
- that the brokerage firms that sold the investments failed to conduct the proper due diligence with respect to the UDF investments (as the firms are required to do by FINRA Rules).
Bad News for Investors of UDF III
Central Trade and Transfer, a secondary market for private placements, is currently listing shares of United Development Funding III for just $2.00 per share. This is at a significant loss to investors, as the original offering price was $20 per share.
If you lost money investing in United Development Funding III and would like to discuss your litigation options, please call the securities attorneys of 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. The firm represents investors in FINRA arbitration claims throughout the country. Visit the firm’s homepage to learn more about the firm’s representation of investors.