Dance Biopharm Holdings Inc. – Investigating Potential Claims
Are you concerned about investment losses in Dance Biopharm Holdings Inc.? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
Dance Biopharm Holdings Inc., a biopharmaceutical company, reportedly filed a form D to raise capital from investors in 2017. The total offering amount sold to investors was purportedly $3,424,404, according to the filing. The type of securities was equity.
Reg D private placements, an alternative investment product, are typically sold by brokerage firms in exchange for a large up-front sales commission. In this particular offering the sales commissions and fees were estimated at 10% of the total offering amount, according to the SEC filing.
The trouble with alternative investment products, like Dance Biopharm Holdings Inc., is that they involve a much greater degree of risk compared to traditional investments, such as stocks, bonds or mutual funds. Alternative investments are typically sold as unregistered securities and lack the same regulatory oversight as more traditional investment products.
Broker dealers that sell alternative investments are required to perform adequate due diligence on all investment recommendations to 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 incurred as a result of your purchase of Dance Biopharm or another private placement investment, 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 Seattle, Washington. For more information on the firm, visit www.WhiteSecuritiesLaw.com.