Recovery of Investment Losses – LifeStorage LP
Are you concerned about an investment in LifeStorage LP? If so, the securities attorneys at The White Law Group may be able to help you.
LifeStorage LP, a commercial real estate company (formerly known as Storage Upreit Partners LP), filed a form D to raise capital from investors. The total offering amount sold was purportedly $114,325,618, according to SEC filings.
The White Law Group is investigating potential securities claims involving broker dealers who may have improperly recommended LifeStorage LP to investors.
Many investors were not fully aware of the problems and risks associated with illiquid, high risk, limited partnerships before purchasing them.
Alternative investments such as this one, are complex and inherently risky products and often better suited for sophisticated and institutional investors.
Another problem often associated with alternative investment recommendations is the high sales commissions brokers typically earn for selling them– as high as 15%. Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market.
Unfortunately, in many cases, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim.
Filing a Complaint against your Brokerage Firm
If you are concerned about investment in LifeStorage LP (fka Storage Upreit Partners LP) and would like a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.