LaeRoc Fund Investment Losses
The White Law Group is investigating potential securities fraud claims against the broker-dealers that improperly or unsuitably recommended private placements (LaeRoc Fund) such as Laeroc 2002 Income Fund, LaeRoc 2004-2005 Income Fund, LaeRoc 2005-2006 Income Fund, Laeroc Edge Fund, Laeroc Income Fund 007.
According to its website, LaeRoc is a real estate investment firm based in Los Angeles. The company buys, manages, and develops commercial properties along the west coast and Hawaii.
Real estate private placements, like LaeRoc, are volatile illiquid investments intended for accredited investors and high net worth individuals. Investors depend and trust that their broker-dealer is performing the necessary due diligence to ensure that the investment is appropriate given the investors age, risk tolerance, and finical objectives before making recommendations.
However, many broker-dealers fail to uphold their fiduciary duty when recommending private placements, likely to earn the high commission paid out when they sell the investment. The sales commission a broker-dealers earns is often 3 to 4 times higher than traditional stock.
The high risks and lack of liquidity in real estate private placements, like LaeRoc Fund, make them unsuitable for many investors. Brokerage firms that sell these types of investments are required to perform adequate due diligence to ensure that the investment has a reasonable likelihood of success and to take into account an investors age, risk tolerance, and financial objectives when making investment recommendations.
Recovery of Investment Losses
To determine whether you may be able to recover investment losses incurred as a result of your purchase of LeaRoc Income Fund, please contact The White Law Group at 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, visit www.whitesecuritieslaw.com.