Have you suffered losses investing in Spruce Alpha Fund? If so, the securities attorneys of The White Law Group may be able to help you recover your losses in a FINRA arbitration claim against the brokerage firm that recommended the investment.
Spruce Alpha Fund is an upstart hedge fund launched in 2014. SEC filings indicate that the Connecticut based fund raised more than $34 million from investors.
According to the New York Times, Spruce Alpha Fund lost 48% of its value. The hedge fund is managed by Spruce Alpha Investments Advisers and is the company’s first fund in direct hedge fund trading.
Hedge funds employ various complicated trading schemes in an effort to maximize returns. These trading schemes involve risks which cause hedge fund returns to be extremely volatile.
Brokerage firms are required to perform adequate due diligence on any investment they recommend. They are also required to only recommend investments that are suitable for the investor in light of that investor’s age, investment experience, net worth, investment objectives and risk tolerance.
To the extent that some brokerage firms failed to perform the necessary due diligence and/or made unsuitable investment recommendations, such firms may be liable for investment losses through a FINRA arbitration claim.
If you invested in Spruce Alpha Fund at the recommendation of a financial advisor and would like to discuss your litigation options, please call the securities attorneys of The White Law Group 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 www.WhiteSecuritiesLaw.com.