Fanchest, Inc. Investment Losses
Have you suffered investment losses in Fanchest 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.
FANCHEST Inc. curates and sends team-themed gift boxes, according to Crunch Base. The company, based in Brooklyn, New York, filed a Form D to raise capital from investors in 2017, according to filings with the SEC. The total offering amount was purportedly $4,000,000.
On November 6, 2020, Fanchest Inc. filed for voluntary chapter 11 bankruptcy protection in the New York Eastern Bankruptcy Court. (Case Number 1:2020bk43932)
The White Law Group is investigating securities claims involving broker dealers who may have unsuitably recommended Fanchest Inc. to investors.
Private placement investments such as this one, are generally speculative, high risk investments and due to these risks are often unsuitable for most investors. Despite the risks of investing in alternative investments, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
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 Fanchest 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. 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.