Recovery of investment losses in Empire Residential Opportunity Fund 3 LLC
Are you concerned about investment losses in Empire Residential Opportunity Fund 3 LLC? If so, 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.
Empire Residential Opportunity Fund 3 is a limited liability company organized in 2009, according to a Form-D filed with the SEC. According to this filing, Empire Residential Opportunity Fund III, LLC owns and operates residential properties.
The Trouble With Reg D Private Placements
Reg D investments, like Empire Residential Opportunity Fund 3, generally involve a much greater degree of risk compared to traditional investments, such as stocks, bonds or mutual funds. Interests in such investments are often sold as unregistered securities and lack the same regulatory oversight as more traditional investment products.
Unfortunately, some brokers may have downplayed the risks associated with such investments and misled investors into thinking that they are “safe” investment products. The high sales commission brokers earn for selling interests in reg D investments may have provided some brokers with enough incentive to push the product to unsuspecting investors.
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 makes an unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.
The White Law Group is investigating the following Empire offerings, among others:
EMPIRE REAL ESTATE ASSET FUND LLC
EMPIRE RESIDENTIAL ARBITRAGE FUND I LLC
EMPIRE RESIDENTIAL COMMUNITIES FUND II LLC
EMPIRE RESIDENTIAL COMMUNITIES FUND III LLC
Empire Residential Opportunity Fund II LLC
Empire Residential Opportunity Fund 3 LLC
EMPIRE RESIDENTIAL OPPORTUNITY FUND IV LLC
Empire Residential Opportunity Fund LLC
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Empire Residential Opportunity Fund III or other Empire offerings, 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. For more information on the firm, visit www.WhiteSecuritiesLaw.com.