Recovery of Investment Losses in Palmaz Scientific Inc.
Are you concerned about your investment losses in Palmaz Scientific, 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.
Palmaz Scientific, Inc. reportedly designs, develops and manufactures implantable prosthetic devices.
According to a press announcement, the company filed for Chapter 11 bankruptcy protection in San Antonio, Texas in March 2016 in order to sell its metallurgical medical device technology after its business operations had been seriously impaired by a so-called “negative campaign of false information.”
The company filed a form D to raise capital from investors in 2014 for, according to filings with the SEC. The total offering amount was purportedly $4,200,000.
Filing a Complaint against your Brokerage Firm
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly recommending high-risk investments to investors.
The problem with tech investments such as Palmaz Scientific Inc. is that they typically involve a high degree of risk. Without a strong understanding of the company and its basic operations, investors may be looking at serious losses.
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 investment losses in Palmaz Scientific, Inc., please call the securities attorneys at The White Law Group for a free consultation 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.