Investigating Potential Claims involving GKPI III LLC
Are you concerned about your investment in GKPI III LLC Inc.?
GKPI III LLC, sponsored by GK Development, is a limited liability company that invests in commercial real estate. According to filings with the SEC, the company reportedly filed a form D to raise capital from investors in 2015. The offering type was equity and the total offering amount was purportedly $15,000,000, according to the Form D filing.
Alternative investments, such as interests sold in limited liability companies (LLCs) often have high fees and commissions, which could be a motivating factor for unscrupulous financial advisors to sell it regardless of whether the investment is in line with the client’s investment objectives and profile. In this particular investment, the sales commissions and fees were estimated at close to 10% of the total offering amount.
Moreover, the total commissions and expenses make it difficult for limited partnerships to perform in line with the market. Further, since they aren’t traded on an exchange, they are illiquid and it is often difficult to find a buyer when the investor is ready to sell.
Prior to making recommendations to an individual investor, brokerage firms are required by the Financial Industry Regulatory Authority (FINRA) to disclose all the risks of an investment. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance.
Brokerage firms that do not perform adequate due diligence on an investment and/or make unsuitable recommendations can be held accountable for investment losses through FINRA arbitration.
Potential Claims to Recover Financial Losses
If you invested in GKPI III LLC Inc. and would like to discuss your litigation options, 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 and Seattle, Washington.
For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.