MJIC Inc. – Securities Investigation
Are you concerned about your investment in MJIC Inc.? 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.
MJIC, Inc. operates an integrated infrastructural and services platform for compliant cannabis. According to Bloomberg, “It services the needs of lawful operators across the supply chain, from the cultivator to the consumer, and from long-haul statewide commerce to the local last mile.” The company was founded in 2014 and is based in Commerce, California.
The company filed a Form D (private placement) notice of exempt offering of securities in 2015. The filing states the type of securities was equity.
The Risks of Investing in Reg D Private Placements
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly selling alternative investment products like MJIC Inc. to its clients.
Private placements are a means for smaller companies to raise capital through the sale of equity or debt securities without having to register their securities with the SEC. These investments are often riskier and more complicated than traditional investments, and are only suitable for high net worth, sophisticated investors.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.
Despite the risks of investing in this type of alternative investments, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
If you are concerned about your investment in MJIC Inc. or another private placement investment and would like to speak with a securities attorney about your options, please call 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.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.