Concerned about investment losses in United Development Funding Income Fund V?
Are you concerned about your investment losses in United Development Funding Income Fund V? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
According to their website, United Development Funding Income Fund V is a real estate investment trust (REIT) formed to generate current interest income by investing in secured loans and producing profits from investments in residential real estate.
On November 15, 2016, United Development Funding Income Fund V announced that due to the lack of financials for the quarter ended September 30, 2016, the company is unable to file Form 10-Q for the quarter ended September 30, 2016.
This is just more bad news for investors.
The Trouble with REITs
The trouble with non-traded real estate investment trusts (REITs) like United Development Funding Income Fund V, is that they lack liquidity and are inherently risky. Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITs are more complex and are better suited for investors that can afford to risk the total losses of their investment.
Brokers often earn extremely high sales commission selling non-traded REITs, sometimes as high as 15%. Unfortunately, the high sales commissions associated with non-traded REITs often provides some broker dealers with enough incentive to overlook suitability requirements.
Brokers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor and are in line with the clients risk tolerance, age, net worth, and investment experience.
If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses through FINRA arbitration.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of United Development Funding Income Fund V, please contact The White Law Group at (888) 637-5510 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 Franklin, Tennessee. For more information on the firm, visit www.WhiteSecuritiesLaw.com.