Sierra Income Corporation – Business Development Corporation
Did you lose money investing in Sierra Income Corporation at the recommendation of your financial advisor ? If so, the securities attorneys of The White Law Group may be able to help you recover those losses through a FINRA arbitration claim against the brokerage firm that recommended the investment to you.
Sierra Income Corporation is a Business Development Company (BDC). Non-traded BDCs offer retail investors access to private debt, an asset class that typically has only been available to high-net-worth and institutional investors. By investing in a non-traded BDC, individuals are able to pool their capital to invest in private American companies.
Business Development Companies operate much in the same was as REITs (Real Estate Investment Trusts). Non-traded BDCs having many of the same problems for investors as non-traded REITs. They are high-risk, have high commissions, and lack liquidity.
The White Law Group has represented a number of investors in non-traded REITs as well as BDCs. The high commission structure of these products leads to the possibility that nefarious financial advisors will push these products unsuitably to maximize their own commissions. As such, the firm is investigating the liability that brokerage firms may have for recommending high-risk BDCs, like Sierra Income Corporation BDC.
Brokerage firms are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor in light of that particular investor’s age, investment experience, net worth, risk tolerance, investment objectives, and income.
Firms that fail to perform adequate due diligence or that make unsuitable recommendations can be held responsible for investment losses in a FINRA arbitration claim.
Discuss your Recovery options with a Securities Attorney
If you suffered losses investing in a Sierra Income Corporation BDC and would like to discuss your litigation options, please call the securities attorneys of 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. The firm represents investors in FINRA arbitration claims throughout the country. For more information on the firm, visit https://www.whitesecuritieslaw.com.