Recovery of Investment Losses in TNP Titan Plaza Fund
Have you suffered investment losses in TNP Titan Plaza Fund or another Thompson National Properties fund? 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.
Thompson National Properties, located in Irvine, California, was founded in 2008. The company specializes in real estate investment opportunities through private placement offerings such as REITs and Notes. According to TNP properties website, their offerings are intended for accredited investors such as institutions, trusts and high-net-worth individuals.
As we told you previously, the company’s founder, Tony Thompson, has been under investigation by the Securities and Exchange Commission and the Financial Industry Regulatory Authority.
The Problem with Private Placements
Based on what is now known about TNP Titan Plaza Fund, it appears that some brokerage firms that sold the fund failed to perform the adequate due diligence and sold the investment because of the large commission associated with the sales of the offering and not because the investment was in the best interest of investors.
According to form Reg-D filed with the SEC, TNP Titan Plaza Fund was launched in 2010 and offered brokerage firms high commissions for selling the fund. Some brokers may have overlooked the suitability requirements due to these high commissions.
Private placements are typically high risk investments and lack liquidity, hence they are unsuitable for most retail investors. Brokerage firms have a fiduciary duty to make sure investment recommendations are in line with a client’s age, risk tolerance, net worth, investment objective and financial needs. If a broker fails to perform adequate due diligence they may be liable for investment losses.
If you have suffered losses in TNP Titan Plaza Fund or another TNP Fund, 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.
For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.