November 15, 2019 Comments Off on Azalea Bay Resort Holdings LLC Securities Investigation Blog, Current Investigations

Azalea Bay Resort Holdings LLC Securities Investigation

Azalea Bay Resort Holdings LLC Securities Investigation, featured by Top Securities Fraud Attorneys, The White Law Group

Azalea Bay Resort Holdings, EcoVest Capital, Conservation Easement Investment

Are you concerned about your investment in Azalea Bay Resort Holdings LLC? If so, the securities attorneys at The White Law Group may be able to help you.

The White Law Group is investigating potential claims against broker dealers or sales agents selling conservation easements (tax shelter land deals) to investors.

These syndicated conservation easements are often sold through independent broker-dealers or directly by attorneys and CPAs who create the syndications, according to industry observers.

The company reportedly filed a form D to raise capital from investors in 2015 and the total offering amount sold was purportedly $10,403,505. Sales commissions and fees were estimated at close to 9%, according to SEC filings.

EcoVest Capital is the managing entity, according to the Form D.

Syndicated conservation easements are private placement investments that promise tax deductions possibly worth four to four-and-a-half times a person’s investment. That means an investor could hypothetically turn a $100,000 investment into $400,000 or more of tax deductions.

The IRS has reportedly seen abuses of this tax provision and it is currently investigating taxpayers who are using questionable appraisals, and taking inappropriately large deductions for easements. Investors who received charitable contribution deductions of more than 2.5 times their investment could possibly be audited, and potentially even hit with a revised tax bill.

Investigating Potential Securities Fraud Claims

If your sales agent or broker dealer recommended an investment in Azalea Bay Resort Holdings LLC and you are concerned about investment losses The White Law Group may be able to help you.

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. Recommendations should be appropriate in light of the investor’s age, risk tolerance, net worth, and investment experience.

Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses in a FINRA arbitration claim.

To speak to a securities attorney about the potential to recover your investment losses in Azalea Bay Resort Holdings LLC, please call The White Law Group at 1-888-637-5510 for a free consultation.

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. To learn more about The White Law Group visit www.whitesecuritieslaw.com.

 

Comments are closed.