Concerned about your investment in Amesite, Inc.?
Are you concerned about your investment losses in Amesite Inc. (AMST)? 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.
Amesite Inc., an artificial intelligence software company providing online educational programs for K-12, college, university and business education and upskilling, closed a $15.0 million initial public offering of 3,000,000 shares of common stock, according to a press annoucement. Each share was sold at a price of $5.00 on the Nasdaq Capital Market under the ticker symbol “AMST” on September 25, 2020.
Laidlaw & Company (UK) Ltd. acted as the sole book-running manager for the offering.
The company’s stock reportedly opened 1% below its initial public offering price, but then traded higher. The first trade was at $4.95 at 11:39 a.m. Eastern for 162,143 shares, below the IPO price of $5. Shares closed at $4.35 per share as of October 1, 2020.
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 pharmaceutical and biotech investments such as Amesite Inc. is that they typically involve a high degree of risk. The research and development process for pharma companies often involves costly and lengthy testing trials that yield specific data. If the expected data or end points are not met, that could be bad news for investors.
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 Amesite 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.