October 2, 2018 Comments (0) Blog

Medovex Corp. – Securities Investigation

Medovex Corp.

Investor Alert –  Medovex Corp.

Are you concerned about your investment in Medovex Corp.? 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.

Medovex Corp. (OTCQB:MDVX) is the developer of the “DenerveX® System, a new and novel device designed for enduring relief of Facet Joint Syndrome related to chronic back pain, a non-addictive, non-opioid drug alternative capable of restoring a patient to a more normal and active lifestyle.”

On Tuesday, November 14th, the company filed a Form 8K filing with the Securities and Exchange Commission indicating that its common shares would no longer be quoted on Nasdaq, but that we had applied to list our shares on the OTCQB exchange.

The company stated in a letter to shareholders on November 20, 2018, that the reason for the delisting was its inability to complete a new round of financing by its deadline date with Nasdaq.

Investigating Potential Claims

The White Law Group is investigating potential claims involving Medovex Corp. and the FINRA registered brokerage firms who may have for unsuitably recommended it to investors.

Brokerage firms are required to perform due diligence on any offering they recommend. They must 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 Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional.  It provides investors with an opportunity to attempt to recoup their investment losses without filing such claims in court.

If you are concerned about your investment in Medovex Corp. the securities attorneys at The White Law Group may be able to help you. For a free consultation to discuss your options, please call the offices of The White Law Group at 888-637-5510.

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 and its representation of investors in FINRA arbitration claims, visithttps://www.whitesecuritieslaw.com.