Investigating Potential Claims Involving Golden State Income Fund VI
The White Law Group is investigating the liability broker-dealers may have for unsuitability recommending Golden State Income Fund VI to investors.
Golden State Income Fund VI is a Regulation D private placement investment. It was filed in 2010 care of Woodbridge Realty Advisors in Lodi, California. The total offering amount was $15,000,000.
Private placements are unregistered securities and can be very risky. They are not regulated with the same scrutiny as stocks, bonds or mutual funds.
Private Placements, such as Golden State Income Fund VI, are not suitable for all investors. A Private placement investment has inherent risks, including tying up investment monies for long periods of time. There is also the risk of loss to some or all of the investment. Brokers have a duty to investigate private placements and determine the suitability for their clients.
According to the Financial Industry Regulatory (FINRA) Rules, member firms are responsible for supervising a broker’s activities while the broker is registered with the firm. If you suffered losses investing in Golden State Income Fund VI, the brokerage firm may possibly be held liable for those investment losses.
Investors can file an arbitration claim or request mediation through FINRA when they have a dispute involving the business activities of a brokerage firm or one if its brokers. The White Law Group may be able to help you.
The firm represents investors across the United States for complaints against brokers for improper sales practices. If you suffered losses investing in Golden State Income Fund VI, or another private placement investment The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 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.