Minnesota Broker, Susan Elizabeth Walker, Allegedly Steals from Clients

Friday, October 24th, 2014

According to the U.S attorneys office, Susan Elizabeth Walker plead guilty to allegations that she abused her position as a securities agent to steal nearly $1 million from several clients. Walker was a registered representative with Ameriprise Financial and used her access to the retirement accounts of her clients to cause checks to be withdrawn from clients accounts and deposited into accounts that she controlled.

The U.S. Attorneys office has further alleged that Ms. Walker opened brokerage account in her name and in the name of several of her clients without their knowledge or authorization. She allegedly used the account to conceal the stolen money which she purportedly used for personal expenses.

When registered brokers commit fraud and steal from clients, the brokerage firm that employs them may be liable for negligent supervision and responsible for losses. If you invested with Ms. Walker and have questions about your investments, please call The White Law Group’s Chicago office at (312)238-9650 for a free consultation.

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, visit www.whitesecuritieslaw.com.

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Recovery of Superfund Gold Investment Losses

Thursday, October 23rd, 2014

Have you invested in Superfund Gold L.P. and suffered losses? If so, The White Law Group may be able to help recoup some of your losses.

The Superfund Gold L.P is a managed futures product.The prospectus filed with the SEC states that the Superfund Gold, L.P. is designed to combine an investment in gold with an investment in a managed futures strategy.

Managed futures are a type of alternative investment that invests primarily in the futures market and other derivative securities. Managed futures take long and short positions in futures contracts, and they focus largely on equity indexes, interest rates, and currency.

Unfortunately for many investors they are not aware of the exorbitant fees that managed funds often charge. If the fund does not perform well, it is possible that the high fees could completely wipe out any profits.

Brokers have a responsibility to make suitable investment recommendations that are in line with a clients age, risk tolerance, investment experience, financial objectives and net-worth. When a broker misleads a client or makes unsuitable investment recommendations they can be liable for investment losses.

To determine whether you may be able to recover investment losses incurred as a result of your purchase of Superfund Gold L.P., please contact The White Law Group at (312) 238-9650 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 firm, visit www.WhiteSecuritiesLaw.com.

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Recovery of Rainer Preferred Income Partners IV

Tuesday, October 21st, 2014

Have you suffered losses as a result of your purchase of Prefered Income Partners IV, LLC? If so, The White Law Group may be able to help you recover your investment losses.

According to marketing material, Prefered Income Partners IV was the fourth in a series of real estate offerings by Rainer Capital Management. The three previous funds were said to have produced returns of 8%. Unfortunately, it is unclear if Prefered Income Partners IV has had similar success.

Prefered Income Partners IV was sold to investors as a type of private placement. Typically, private placements are high risk products better suited for sophisticated and institutional investors. They are exempt from registration with the Securities and Exchange commission and therefore lack the same regulatory oversight compared to more traditional securities products such as stocks or mutual funds.

Another problem, is the high sales commissions often associated with private placements. In certain cases the sales commission may provide some brokers with enough incentive to over look suitability requirements. According to filings with the SEC, the sales commission associated with Prefered Income Partners IV is approximately 6.5%.

Broker have a fiduciary duty to research investments prior to recommending them for sale to its clients and to ensure that the investments in recommends are appropriate for the client in light of the clients age, investment experience, net worth, and investment objectives. Brokers that make unsuitable investment recommendations or fail to adequately disclose investment risks can be held accountable for losses suffered through FINRA arbitration.

If you invested Prefered Income Partners IV and are concerned about your investment, please call our Chicago office at (312)238-9650 for a free consultation.

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.

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Recovery of United Mortgage Trust Investment Losses

Friday, October 17th, 2014

Did you suffer losses investing in United Mortgage Trust? If so, The White Law Group may be able to help recover your investment loss through a FINRA dispute resolution claim against the broker dealer that sold you the investment.

According to LP sales, United Mortgage Trust sold for a mere $5.47 in September. Private placements, like United Mortgage Trust, often lack liquidity. Many investors are not fully aware of the problems and high risks associated with these investments before purchasing them. When the investment goes bad, many are often left searching for a buyer.

Brokers that sell private placements have a fiduciary duty to adequately disclose the risks associated with any investment product. They are also required to perform the necessary due diligence to determine a reasonable likelihood of success.

In addition, brokers often earn substantial sales commissions on private placements.  Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market.  Unfortunately in many cases, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations.

Brokers that fail to uphold securities laws and regulations, or fail to uphold their fiduciary duty to clients, may be liable for investment losses.

If you invested United Mortgage Trust and would like to discuss your potential to recover investment losses, please call our Chicago office at (312)238-9650 for a free consultation.

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.

 

 

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Recovery of TIER REIT Investment Losses

Friday, October 17th, 2014

Did you suffer losses investing in TIER REIT? If so, The White Law Group may be able to help recover your investment loss through a FINRA dispute resolution claim against the broker dealer that sold you the investment.

According to LP sales, TIER REIT sold for a mere $2.29 in September. Private placements, like TIER REIT, often lack liquidity. Many investors are not fully aware of the problems and high risks associated with these investments before purchasing them. When the investment goes bad, many are often left searching for a buyer.

Brokers that sell private placements have a fiduciary duty to adequately disclose the risks associated with any investment product. They are also required to perform the necessary due diligence to determine a reasonable likelihood of success.

In addition, brokers often earn substantial sales commissions on private placements.  Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market.  Unfortunately in many cases, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations.

Brokers that fail to uphold securities laws and regulations, or fail to uphold their fiduciary duty to clients, may be liable for investment losses.

If you invested TIER REIT and would like to discuss your potential to recover investment losses, please call our Chicago office at (312)238-9650 for a free consultation.

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.

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