September 6, 2020 Comments Off on Investor Alert: Fresca Medical, Inc. (dba Somnera Inc.) Blog, Current Investigations

Investor Alert: Fresca Medical, Inc. (dba Somnera Inc.)

Investor Alert: Fresca Medical, Inc. (dba Somnera Inc.), featured by top securities fraud attorneys, The White Law Group

Fresca Medical, Inc., Securities Investigation

The White Law Group is investigating potential securities claims involving broker-dealers who may have unsuitably recommended Fresca Medical, Inc. to investors.

Fresca Medical Inc. (d.b.a. Somnera, Inc.) is a medical device company reportedly focused Obstructive Sleep Apnea. 

The company reportedly filed a form D to raise capital from investors in 2016  in a tech investment. The total offering amount was purportedly $5,000,000, according to the Reg D.

The trouble with alternative investments is that they involve a high degree of risk and are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.

These Reg D private placements are then typically sold by brokerage firms in exchange for a large up front commission, usually between 7-10%, as well as additional “due diligence fees” that can range from 1-3%.

Broker dealers are required to perform adequate due diligence on all investment recommendations. They must ensure that each investment recommendation that is made is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.

If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim. Fortunately, FINRA provides an arbitration forum for investors to resolve such disputes.

Filing a Complaint against your Brokerage Firm

If you are concerned about your investment in Fresca Medical, Inc. (DBA Somnera Inc.)  you may be able to file a complaint against your brokerage firm. Please contact the securities attorneys at The White Law Group at 1-888-637-5510 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. The firm represents investors throughout the country in claims against their brokerage firm.

For more information on the firm and its representation of investors, visit  www.WhiteSecuritiesLaw.com.

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