Securities Fraud Investigation – ICON ECI Fund Fifteen LP
Have you suffered losses investing in ICON ECI Fund Fifteen LP at the recommendation of you financial advisor? If so, the securities attorneys at 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.
ICON ECI Fund Fifteen, L.P. is an equipment finance fund that will primarily make investments that are collateralized by equipment. The fund’s investments will be in domestic and global companies that utilize equipment and other corporate infrastructure to operate their businesses, according to its website.
According to its website, investing in ICON ECI Fund Fifteen, L.P. include, but are not limited to, the following Risks and Limitations:
- portion of distributions may be a return of capital;
- return may be adversely affected by industry uncertainties including unanticipated declines in equipment value;
- greater losses may result from defaults due to leveraging;
- substantial fees to affiliates;
- limited voting rights;
- subject to conflicts of interest amongst affiliates;
- illiquidity of interests.
Update on April 2, 2019
According to recent company filings with the Securities and Exchange Commission, ICON states, “Our Estimated Value per Beneficial Interest as of December 31, 2018 (the “Valuation Date”) has been determined to be $129.24 per Beneficial Interest.”
Considering the original offering price was $1,000 per unit, this may be a huge loss for investors.
Investors looking to sell these type of investments often have difficulty finding a buyer, and can suffer significant losses on the sale.
According to Central Trade & Transfer, a secondary market for limited partnership interests, shares of ICON ECI Fund Fifteen LP have recently been sold for just $80.01 per unit.
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 ICON ECI Fund Fifteen LP, please contact 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 firm, visit https://www.whitesecuritieslaw.com.