Arcont Vision LLC – Securities Investigation
Are you concerned about your investment in Arcont Vision LLC? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Arecont Vision LLC operates as a camera surveillance business, according to Bloomberg. The Company develops and manufactures multi-megapixel network cameras, high-definition IP-video surveillance systems, and associated software.
Last October, Arecont Vision reportedly sued a Chinese camera company, NetPosa Technologies Ltd. and its Malaysian and American affiliates in Delaware’s Chancery Court.
Arecont is allegedly seeking at least $50 million on each of four counts after a planned $170 million sale of the American company faltered, according to a report in Law360.
According to SEC filings, Arcont Vision LLC filed a Form D to raise capital from investors in 2014 in Glendale, CA. The total offering amount was $80,000,000.
Investments such as these are typically sold by brokerage firms in exchange for a large up front commission. High fees can range from 7-10%, as well as additional “due diligence fees” that can range from 1-3%.
The problem with private placement investments such as Arcont Vision LLC is that they typically involve a high degree of risk. They are also often sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.
Investigating Potential Claims
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for unsuitably recommending high-risk private placements, like Arcont Vision LLC to investors.
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 you have concerns regarding your investment in Arcont Vision LLC and would like to speak with a securities attorney about your options, please call The White Law Group at 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 and its representation of investors in FINRA arbitration claims, visithttp://www.whitesecuritieslaw.com.