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Written by 2:25 pm Current Investigations

Steadfast Capital Management LP Investigation

Have you suffered losses investing with Steadfast Capital Management, LP? If so, The White Law Group may be able to help.

According to Bloomberg, Steadfast Capital Management LP is an employee owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It manages hedge funds for its clients. The firm invests in the hedging markets. Steadfast Capital Management LP is based in the New York City.

The White Law Group continues to investigate potential securities fraud claims involving broker-dealers’ improper recommendation that investors purchase high-risk non-traded REIT investments, and oil and gas partnerships. Many investors are not fully aware of the problems and risks associated with these investments before purchasing them.

Due to the risks associates with limited partnership investments, like those offered by Steadfast Capital, these investments are often only suitable for sophisticated investors.  Oil and gas partnerships, involve inherent risks that make them unsuitable investments for many (including the risk that a particular well may be completely dry).

Real estate investment trusts (REITs) are complex and inherently risky products. Compared to traditional investments, such as stocks, bonds and mutual funds, REITs are significantly more complex and often better suited for sophisticated and institutional investors.

Another problem often associated with alternative investment recommendations is the high sales commissions brokers typically earn for selling them – as high as 15%.  Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market. Unfortunately, in many cases, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations.

In addition to the high risks, these type of investments often lack liquidity. Investors looking to sell these investments often have difficulty finding a buyer, and if they are able to find one can suffer significant losses on the sale.

Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim.

Specifically The White Law Group is investigating the following Steadfast Capital offerings:

Steadfast Secure Income REIT
Steadfast Growth Fund LP
Steadfast Capital Fund II
Steadfast Capital Fund I
Steadfast Apartment REIT
Steadfast Apartment REIT II
Steadfast Alcentra Global Credit Fund
Steadfast Income REIT

For more information on The White Law Group’s investigation see Recovery of Steadfast Income REIT Losses.

If you suffered losses investing in Steadfast Capital investments and would like a free consultation with a securities attorney, please call The White Law Group at (888) 637-5510.

The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, visit www.whitesecuritieslaw.com.

 

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