BDCA Secondary Sales Price Suggests Losses for Investors
Did you lose money investing in the Business Development Corporation of America at the advice of your financial advisor? 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 broker dealer who sold you the investment.
According to reports on April 21, 2020, Business Development Corporation of America announced that its board of directors approved the transition of its common stock dividend payments from a monthly to quarterly basis effective immediately.
Update on 2/25/01 – Secondary Sales Price
As of February 25, 2021, shares of BDCA are currently listed for sale on Central Trade and Transfer, a secondary market for alternative investments, for just $3.50 per share. This may mean losses for investors since the original offering price was $10 per share.
The White Law Group continues to investigate potential claims involving broker dealers who may have unsuitably recommended high risk Business Development companies (BDCs) such as Business Development Corporation of America to unsuspecting investors. The high commission structure of these products leads to the possibility that unscrupulous financial advisors will push these products unsuitably to maximize their own commissions.
Brokerage firms are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor in light of that particular investor’s age, investment experience, net worth, risk tolerance, investment objectives, and income.
Firms that fail to perform adequate due diligence or that make unsuitable recommendations can be held responsible for investment losses in a FINRA arbitration claim.
Free Consultation with a Securities Attorney
If you suffered losses investing in a Business Development Corporation of America please call the securities attorneys of The White Law Group at 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. The firm represents investors in FINRA arbitration claims throughout the country. For more information on the firm, visit https://www.whitesecuritieslaw.com.