Securities Investigation – Tiburon Saltwater Reclamation Fund I
Are you concerned about your investment in Tiburon Saltwater Reclamation Fund I? 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.
According to SEC filings, Tiburon Saltwater Reclamation Fund I filed a Form D to raise capital from investors in 2013 in Greenville, SC. The total offering amount was $50,000,000.
Tiburon Saltwater Reclamation Fund I is a Regulation D private placement investment. Investments such as these are typically sold by brokerage firms in exchange for a large up front commission. High fees can range from 7-10%, as well as additional “due diligence fees” that can range from 1-3%. In this case, sales commissions and finders fees were estimated at 11% on this investment, according to the Form D.
The problem with private placement investments such as Tiburon Saltwater Reclamation Fund I is that they typically involve a high degree of risk. They are also often sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.
Investigating Potential Claims
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly recommending high-risk private placements, like Tiburon Saltwater Reclamation Fund I to investors.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim.
If you have concerns regarding your investment in Tiburon Saltwater Reclamation Fund I 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 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, visit https://www.whitesecuritieslaw.com.