Triloma Restaurant Fund I – Investigating Potential Lawsuits
Are you concerned about your investment in Triloma Restaurant Fund I? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
According to Bloomberg, Triloma Restaurant Fund I, LLC owns and operates restaurants. The company was incorporated in 2013 and is based in Winter Park, Florida.
The company filed a Form D (private placement) notice of exempt offering of securities in 2014 to raise capital from investors. The total offering amount was $50,000,000.
The Risks of Investing in Reg D Private Placements
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for unsuitably recommending alternative investment products like Triloma Restaurant Fund I to investors.
Private placements are a means for smaller companies to raise capital through the sale of equity or debt securities without having to register their securities with the SEC. These investments are often riskier and more complicated than traditional investments, and are only suitable for high net worth, sophisticated investors.
Broker dealers are required to perform adequate due diligence on any investment they recommend. They must ensure that all recommendations are suitable for the investor. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.
Despite the risks of investing in this type of alternative investments, brokerage firms continue to push investments such as Triloma Restaurant Fund I because of the high commissions associated with their sale and creation. In this case, the sales commissions were estimated at 10% of the offering price, according to the Form D filings.
If you are concerned about your investment in Triloma Restaurant Fund I LP or another private placement investment and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com
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.