March 12, 2018 Comments (0) Blog, Current Investigations

Investor Alert: UDF Paramount Multi-Family Opportunity Fund L.P.

UDF Paramount Multi-Family Opportunity Fund L.P.
(Last Updated On: March 26, 2018)

Securities Investigation – UDF Paramount Multi-Family Opportunity Fund L.P.

According to its website, United Development Funding (UDF) invests in the development and construction of new, affordable, single-family homes through a family of public and private funds, which direct investor capital towards the financing of homebuilders and land developers.

UDF has been under scrutiny for the last couple of years due to an FBI investigation into United Development Funding IV (UDF IV) and the allegations that the company was operating a Ponzi scheme.

The White Law Group 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.

Are you concerned about your investment in UDF Paramount Multi-Family Opportunity Fund L.P.?

If you purchased a UDF investment such as UDF Paramount Multi-Family Opportunity Fund L.P., based on the recommendation of a broker-dealer firm you may also be eligible to pursue claims in arbitration against the firm. It is possible to seek compensation for any losses you suffered as a result of those investments.

Brokers have a fiduciary duty to perform due diligence on any investment and to insure that investment recommendations are consistent with their client’s age, net worth, risk tolerance, investment experience and objectives, risk tolerance. If a broker overlooks suitability requirements, investors may have an actionable claim to recover their losses in a product in a claim through FINRA dispute resolution.

The White Law Group has handled dozens of FINRA arbitration claims against brokerage claims involving those firms improper sale of UDF investments, including UDF III and UDF IV.

If you are concerned about your investment in UDF Paramount Multi-Family Opportunity Fund L.P. the securities attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 1-888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, please visit our website at www.WhiteSecuritiesLaw.com.