October 27, 2017 Comments (0) Blog, Current Investigations

Galleon Ventures LLC – Private Placement – Securities Investigation

Galleon Ventures LLC
(Last Updated On: December 4, 2017)

Galleon Ventures LLC – Investigating Potential Claims

The White Law Group is investigating potential claims involving broker-dealers who may have unsuitably recommended Galleon Ventures LLC to investors.

Galleon Ventures LLC operates as a shipwreck exploration and salvage company. It works for a project in South America to locate, salvage, and conserve artifacts and treasures. Galleon Ventures LLC was incorporated in 2009 and is based in Santa Monica, California.

Galleon Ventures LLC filed a Form D in 2011 to raise capital.

Galleon Ventures LLC is a private placement investment. Generally speaking, private placements are not subject to some of the laws and regulations that are designed to protect investors, such as the comprehensive disclosure requirements that apply to registered offerings.  Private and public companies engage in private placements to raise funds from investors.

Are Private Placement investments suitable for you?

Private Placement investments such as Galleon Ventures LLC should only be sold to high net worth, knowledgeable investors.

Your broker has a duty to conduct a reasonable investigation of the investment and the issuer’s representations about it.

If your broker recommended Galleon Ventures LLC and fails to satisfy its duties to investigate the issuer and the offering, this could constitute a violation of the antifraud provisions as well as other federal securities laws.

In addition, your broker must determine whether an investment in the private placement is suitable for you.  Your broker must consider your age, financial situation, current and future needs, investment objectives and tax status.

Did you lose money investing in Galleon Ventures LLC at the recommendation of your financial advisor? If so, you may be able to recover your losses. Investors can file an arbitration claim or request mediation through The Financial Industry Regulatory Authority (FINRA)  when they have a dispute involving the business activities of a brokerage firm or one if its brokers.

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 throughout the country in claims against their brokerage firm.

For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com.