Emergent Capital Inc. Investment Losses
Have you suffered investment losses in Emergent Capital Inc. (formerly known as Imperial Holdings, Inc.) at the advice of your financial advisor? If so, the securities attorneys at The White Law Group may be able to help you recover your losses by filing a complaint against the brokerage firm that sold you the investment.
Emergent Capital Inc., based in Boca Raton, FL invests in life settlements. The company reports $175.1 million in assets and $115.9 million in liabilities, according to filings with the SEC.
The company reportedly filed a Form D in 2019 to raise capital from investors, according to SEC filings. The total offering amount sold was purportedly $5,667,000.
According to public records, on October 15, 2020, Emergent Capital, Inc. filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case 20-12602). The company reportedly filed the pre-negotiated Chapter 11 with the support of a majority of its secured and unsecured noteholders.
The White Law Group is investigating securities claims involving broker dealers who may have unsuitably recommended Emergent Capital Inc. to investors.
Broker dealers are required to perform adequate due diligence on all investment recommendations including real estate investment trusts. They must 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 or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.
Free Consultation with a Securities Attorney
To determine whether you may be able to recover investment losses in Emergent Capital Inc., please contact 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. The firm works on a contingency fee basis and may be able to represent you in a complaint against your brokerage firm.
For more information on the firm, visit www.WhiteSecuritiesLaw.com.