Passco Companies Income Fund II, LLC Securities Investigation
Have you suffered investment losses in Passco Companies Income Fund II, LLC? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
According to their website, “Passco Companies, LLC is a nationally recognized market leader in the acquisition, development, and management of multifamily and commercial properties throughout the U.S.” The company was formed in 1998 and is located in Irvine, CA
The trouble with alternative investment products, like Passco Companies, is that they involve a much greater degree of risk compared to traditional investments, such as stocks, bonds or mutual funds. Interest in limited liability companies (LLC) are typically sold as unregistered securities and lack the same regulatory oversight as more traditional investment products.
Unfortunately, some brokers may have downplayed the risks associated with alternative investments and misled investors into thinking that they are “safe” investment products. The high sales commission brokers earn for selling such products may provide some brokers with enough incentive to push the product to unsuspecting investors.
Broker dealers that sell alternative investments are required to perform adequate due diligence on all investment recommendations to ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
If a broker makes an unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.
To determine whether you may be able to recover investment losses incurred as a result of your purchase Passco Companies Income Fund II or another Passco Companies investment, please contact The White Law Group at 1-800-637-5510 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. For more information on the firm, visit www.WhiteSecuritiesLaw.com.