Investigation – Cubed Inc. – Recovery of Investment Losses
Are you concerned about your investment in Cubed Inc.? If so, the securities attorneys at The White Law Group may be able to help you.
Cubed Inc. owns the Get CUBED mobile-first platform and related intellectual property, according to Bloomberg. The Get CUBED mobile-first platform is a cloud-based, three-dimensional functional cube that appears on the screens of mobile device owners, allowing developers and users to present complex and contextual concepts in a reportedly clear and simple manner.
The company was formerly known as Northwest Resources, Inc. and changed its name to Cubed, Inc. in March 2014. Cubed, Inc. was founded in 2010 and is based in Las Vegas, Nevada, according to Bloomberg.
According to an SEC administrative order, Cubed Inc., is a revoked Nevada corporation located in Las Vegas, Nevada with a class of securities registered with the Commission. The company is delinquent in its periodic filings with the Commission. They have not filed any periodic reports since it filed a Form 10-Q for the period ended August 31, 2014, which reported a net loss of over $3.84 million for the prior nine months.
Further, in July 2015, we told you about financial advisor Matthew Bell, who was indicted on charges of securities fraud in connection with an alleged $300 million market manipulation scheme involving Cubed, Inc., as well as three other public traded companies.
Investigating Potential Claims
The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended Cubed Inc. to investors.
Broker-dealers have a legal obligation to act in the best interest of their clients and have to demonstrate adequate due diligence on an investment before recommending the investment to a client. Furthermore, recommendations should be consistent with an individual’s age, risk tolerance, financial objectives, and investment knowledge.
Broker-dealers that have not done their fiduciary duty or adequately disclose the risks when selling investments may be held liable for damages lost through FINRA arbitration claims.
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.
Have you suffered losses investing in Cubed Inc. at the recommendation of your financial advisor? If so, the securities attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.
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, visit http://whitesecuritieslaw.com.