Have you suffered investment losses in a V.W. Industries, LLC (VWI)? If so, The White Law Group may be able to help.
The White Law Group is investigating potential securities fraud claims on behalf of investors in V.W. Industries. Specifically, the firm is reviewing the liability that brokerage firms and financial professionals may have for recommending that investors purchase this investment.
Limited partnerships like V.W. Industries, LLC often involve substantial risks and are generally more appropriate for sophisticated investors.
Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor.
According to a recent FINRA notice, at least one financial advisor has been sanctioned for selling V.W. Industries. Apparently, Vincent Balsamo recently submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. See FINRA Case #2013036704401. According to his FINRA BrokerCheck, Balsamo was associated with National Securities Corp. (“NSC”) from April 2008 until February 2012. FINRA found that Balsamo participated in private securities transactions without obtaining written approval from National Securities.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of V.W. Industries, please contact The White Law Group at 312-238-9650.
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.