Investigating Potential Lawsuits – Imageware Systems Inc.
Are you concerned about your investment in Imageware Systems Inc.? 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.
ImageWare Systems, Inc. provides end-to-end digital identity proofing, authentication and management solutions as a cloud SaaS and on-premises, according to its website. The company’s Digital Identity Platform provides customers and partners with access to its patented technology for ultra-scalable and anonymous biometrics using nearly any vendors’ biometrics.
According to SEC filings, Imageware Systems Inc. filed a Form D to raise capital from investors in 2012. 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%.
The problem with private placement investments such as Imageware Systems Inc. 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.
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly recommending high-risk private placements like Imageware Systems Inc. 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 Imageware Systems Inc. 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, visit https://www.whitesecuritieslaw.com.