Investigating Potential Lawsuits involving Progressive Green Solutions
Are you concerned about your investment in Progressive Green Solutions Inc.? 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.
Progressive Green Solutions, Inc. is a parent company of Green Remanufacturing Solutions LLC (GRS LLC) and Speyside Holdings LLC (Speyside), according to Reuters. GRS LLC is a “returns management solution provider that specializes in the reverse logistics and asset recovery space.”
The company filed a Form D (private placement) notice of exempt offering of securities in 2014 to raise capital from investors. According to the filings, the total offering amount was $5,000,000.
Is a Reg D Private Placement Investment Suitable for you?
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly selling alternative investment products such as Progressive Green Solutions to investors.
Private placements are a means for 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. They often have high fees and sales commissions, making them an attractive product for financial advisors to sell.
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 this type of investment because of the high commissions associated with their sale and creation.
If you are concerned about your investment in Progressive Green Solutions Inc. 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.
The White Law Group is a national securities fraud, securities arbitration, and investor protection 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,