EcoVest Total Return Fund Conservation Easement Investment
Are you concerned about your investment in EcoVest Total Return Fund? 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 sales agents selling conservation easements (tax shelter land deals) such as EcoVest Total Return Fund, to unsuspecting investors.
These syndicated conservation easements are sold through both independent broker-dealers and directly by attorneys and CPAs who create the syndications, according to industry observers.
According to reports, EcoVest Capital is currently embroiled in a lawsuit in which the federal government alleges that the company exploited these conservation easements by allegedly over-inflating property appraisals.
The company filed a form D to raise capital from investors in 2018 with the offering EcoVest Total Return Fund. The total offering amount was $50,000,000 and the sales commissions and fees were estimated to be 10% of the offering amount, according to the SEC filings.
Syndicated conservation easements are private placements 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 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 will possibly be audited, and hit with a revised tax bill.
Free Consultation with a Securities Attorney
If your sales agent recommended an investment in EcoVest Total Return Fund 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, 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.