Cypress Equipment Fund 13 Losses & Liquidation
Are you concerned about your investment losses in Cypress Equipment Fund 13? If so, the securities attorneys at The White Law Group may be able to help by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.
Cypress Financial Corporation is a privately held manager of investment programs, according to the website. The company invests in partnerships, leases, and portfolio acquisitions of equipment in transportation, energy, and industrial sectors.
In a recent letter to investors in October 2016, the Fund 13 did not make a distribution for quarter ending September 30, 2016.
The letter also states that The Fund has two remaining assets: an interest in the platform supply vessel, Seabulk Asia and an investment in the equity ownership of Cypress Income Fund V. It is anticipated that Cypress Income Fund V will be liquidated and dissolve and won’t generate any return. At that point, the Fund 13 will also be dissolved. This is unfortunate news for investors.
The White Law Group continues to investigate the liability that FINRA registered brokerage firms may have for improperly selling high-risk private placements.
Brokerage firms have a fiduciary duty to perform adequate due diligence on any investment they recommend and may be help responsible for failing to perform adequate due diligence on this offering.
Recovery of Investment Losses
If you invested in a Cypress Equipment Fund 13 or another Cypress investment and would like to speak with a securities attorney regarding 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 the firm’s website at https://www.whitesecuritieslaw.com.
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