Securities Investigation- Third Avenue Focused Credit Fund
Are you concerned about your investment in Third Avenue Focused Credit Fund? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Third Avenue Focused Credit Fund, a junk bond mutual fund, reportedly collapsed in 2015. According to reports, the fund’s sponsor, Third Avenue Management, was charged last year in a $14 million lawsuit for allegedly failing to ensure that the Third Avenue Focused Credit fund had enough liquidity, and for purportedly misleading investors about the fund’s risks and ability to value securities properly.
Third Avenue Focused Credit Fund is currently in the process of liquidation.
Investigating Potential Claims
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for unsuitably recommending Third Avenue Focused Credit Fund to investors.
Brokerage firms are required to perform due diligence on any offering they recommend and to ensure that all recommendations made are suitable in light of the client’s age, investment experience, net worth, income, and investment objectives.
If a firm fails to perform due diligence or makes an unsuitable recommendation, the broker-dealer can be held responsible for any losses in a FINRA arbitration claim.
FINRA can help resolve problems and disputes through two non-judicial proceedings: arbitration and mediation. FINRA’s Dispute Resolution forum handles nearly all of the securities-related arbitrations and mediations in the United States.
If you have concerns regarding your investment in Third Avenue Focused Credit Fund and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510.
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 White Law Group and its representation of investors in FINRA arbitration claims, visithttps://www.whitesecuritieslaw.com.