Longhorn Lodging LP
Are you concerned about your investment in Longhorn Lodging LP? 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.
The company filed a form D to raise capital from investors in 2013. The total offering amount sold was purportedly $13,049,891 and the type of securities was equity and the industry group was reportedly commercial real estate.
Are High Risk Private Placement Investments Suitable for you?
Investments such as these are typically 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%. For this particular investment, the sales commissions paid were estimated at 7%, according to the form D.
Private placement investments typically involve a high degree of risk. They are also often sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for unsuitably recommending high-risk private placements to investors.
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 have concerns regarding your investment in Longhorn Lodging LP, you may be able to file a complaint against your brokerage firm. Please call The White Law Group at 888-637-5510 for a free consultation with a securities attorney.
The White Law Group is a national securities fraud, securities arbitration, and investor protection 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.