Investor Alert: Harbinger Capital Partners Fund II L.P.
Are you concerned about your investment in Harbinger Capital Partners Fund II L.P.? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Harbinger Capital has filed aForm D to raise capital from investors. Investments such as these are often sold by brokerage firms in exchange for a large up front commission. High fees can range from 7-10%, as well as additional “due diligence fees” that can range from 1-3%.
According to filings with the SEC, the company filed a Form D in 2012. The total offering amount sold was$434,144,841.00 and the offering was classified as a hedge fund, according to the Form D.
Is a Private Placement Investment Suitable for you?
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly selling high-risk private placements, like Harbinger Capital Partners Fund II L.P., to their clients.
Despite the risks of investing in private placements, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
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.
If you are concerned about your investment in Harbinger Capital Partners Fund II L.P., The White Law Group may be able to help. Please call the offices at 888-637-5510 for a free consultation with one of our experienced securities attorneys.
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 White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.