Investigating Potential Claims – Stone Diamond Select I LP
The White Law Group is investigating potential claims involving broker-dealers who may have unsuitably recommended Stone Diamond Select I LP to investors.
Stone Diamond Select I LP is a Regulation D Private Placement investment. It was filed in Humble, Texas. The total offering amount was $1,500,000. Investments such as these are typically sold by brokerage firms in exchange for a large up front commissions. High fees can range from 7-10%, as well as additional “due diligence fees” that can range from 1-3%.
The trouble with private placement investments such as Stone Diamond Select I LP is that they involve a high degree of risk. They are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds. These investments may seem wise at first, until the dramatic drop in distributions.
Despite the risks of investing in private placements, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses through FINRA arbitration.
The Financial Industry Regulatory Authority (FINRA ) operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.
Are you concerned about your investment in Stone Diamond Select I LP? If so, the securities attorneys at The White Law Group may be able to help you. Please call 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.