Securities Fraud Investigation – UDF III – United Development Funding III
The White Law Group continues to investigate the liability that brokerage firms may have for recommending UDF III to its clients. The firm has handled a number of claims involving UDF funds over the years.
United Development Funding III LP a/k/a “UDF III” is a limited partnership launched in June 2005. The company deals in mortgage loans secured by real property.
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.
Secondary Sales Price
According to reports, a secondary market for private placements, CTT Auctions, is currently listing shares of United Development Funding III (UDF III) for just $2.25 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 investment losses investing in UDF III the securities attorneys of The White Law Group may be able to help you recover your losses through FINRA Arbitration.
FINRA can help resolve problems and disputes through two non-judicial proceedings: arbitration and mediation. FINRA’s Dispute Resolution forum handles nearly all of the securities-related arbitrations and mediations in the United States.
To discuss your litigation options, please call the offices of The White Law Group at (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.