Investigating Potential Claims involving United Development Funding III
Have you invested in United Development Funding III and suffered losses? If so, White Law Group may be able to recover your investment losses through FINRA arbitration claim.
According to Form 10-Q filed with the Securities and Exchange Commission, United Development Funding 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 because the level of risk is generally too high for conservative and moderate risk investors.
Secondary Market Price
Units of United Development Funding III are selling for approximately $18.60 on the secondary market despite having an Estimated Unit Value of $20.00 determined by the company’s general manager. In addition, the company is only accepting redemption requests resulting from death or involuntary exigent circumstances.
Brokerage firms that sold United Development Funding III had a fiduciary duty to adequately disclose all the risks associated with the limited partnership. In addition, firms are required to perform adequate due diligence to determine whether the investment had a reasonable likelihood of success, and that the investment was suitable for each individual client.
If your brokerage firm failed to perform the necessary due diligence or failed to disclose the risks involved, you may have a claim to attempt to recover your investment losses through FINRA arbitration.
If you invested in United Development Funding III or another United Development Funding partnership and would like to speak with a securities attorney about your litigation 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, visit http://www.WhiteSecuritiesLaw.com.