Concerned about investment losses in ICON Leasing Fund Twelve?
If you suffered losses investing in ICON Leasing Fund Twelve we may be able to help. The securities attorneys of The White Law Group are investigating potential FINRA Dispute Resolution claims against the brokerage firms that sold the investment.
Unfortunately, some investors who purchased ICON may not have been aware of the risk and lack of liquidity of the fund. ICON’s registration statement, Form S-1, filed with the SEC warns that ICON involves a high degree of risk and you should purchase shares only if you can afford complete loss of your investment. In addition, the registration statement emphasises that the ability to sell shares will be limited because their is no public trading market.
Secondary Market Sales
According to LPsales.com, a secondary marketplace for limited partnerships, units of ICON Leasing Fund Twelve selling for $145.00 as of February 2016. That’s nearly 85% less than the original purchase price of $1000.00 per unit.
Brokerage firms that sold ICON had a fiduciary duty to make suitable investment recommendations that were inline with your risk tolerance, investment objectives and financial needs. In addition, firms are required to adequately disclose the risks associated with the investment and perform the necessary duediligence to determine whether the investment had a reasonable likelihood of success.
If your brokerage firm failed to perform the necessary due diligence or failed to disclose the risks involved, you may have a claim to attempt to recover your investment losses through FINRA arbitration.
If you invested in ICON Leasing Fund Twelve or another ICON Fund and would like to speak with a securities attorney about your litigation options, please call 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.