January 12, 2018 Comments (1) Current Investigations, Securities Fraud

United Development Funding III – Secondary Market Listing

United Development Funding III
(Last Updated On: January 12, 2018)

How to Recover your losses in United Development Funding III

Did you lose money investing in United Development Funding III at the advice of your financial advisor? 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 is a limited partnership launched in June 2005. The company deals in mortgage loans secured by real property.

Securities Investigation

The White Law Group continues to investigate the liability that brokerage firms may have for recommending United Development Funding III to 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,
  • The risks of the investment were not fully disclosed to them
  • The brokerage firms that sold the investments failed to conduct the proper due diligence with respect to the UDF investments.

Secondary Market for UDF Funds

Limited partnerships often lack liquidity because they are not sold on any public exchange, such as the NYSE or NASDAQ. These types of investments are intended for sophisticated and institutional investors.  The level of risk is generally too high for conservative and moderate risk investors.

According to Central Trade and Transfer, a secondary market for private placements, shares of United Development Funding III are currently listed for just $2.50 per share. This appears to be a significant loss for investors, as the shares were valued at $20.00/share in 2014.

If you suffered losses investing in United Development Funding III the securities attorneys at The White Law Group may be able to help you. To discuss your litigation options, 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.

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.