Securities Investigation – USA Barcelona Realty Advisors
Are you concerned about your investment in USA Barcelona Realty Advisors LLC? 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.
In August 2015, the Arizona Corporation Commission issued former financial advisor Robert Kerrigan, and his business partners a temporary order to cease and desist transactions in USA Barcelona Realty Advisors LLC, and USA Barcelona Hotel Land Company I, LLC, both Arizona limited liability companies, due to the Commission’s alleging that USA Barcelona’s business practices violated the Arizona Securities Act, including a fraudulent plan of using new investors’ funds to pay off an older note.
As we told you in July 2016, FINRA barred Kerrigan for his alleged refusal and failure to cooperate with their investigation into allegations that he participated in undisclosed private securities transactions and outside business activities. According to his FINRA BrokerCheck, Kerrigan was registered with First Financial Equity Corporation from 10/2008 – 08/2015.
According to the Commission’s allegations, Kerrigan sold numerous customers the USA Barcelona promissory notes, with a total offering of $1,000,000.
Investigating Potential Claims
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly selling USA Barcelona Realty Advisors LLC to its clients.
Prior to making recommendations to an individual investor, brokerage firms are required by the Financial Industry Regulatory Authority (FINRA) to disclose all the risks of an investment.
Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance.
Brokerage firms that do not perform adequate due diligence on an investment and/or make unsuitable recommendations can be held accountable for investment losses through FINRA arbitration.
Are you concerned about your investment in USA Barcelona Realty Advisors LLC? If so, The White Law Group may be able to help. Please call the offices at 888-637-5510 for a free consultation with a securities attorney.
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, visit https://www.whitesecuritieslaw.com.