Concerned about your investment in Mega Blockchain Corp.?
Are you concerned about your investment in Mega Blockchain Corp.? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
Mega Blockchain Corp., based in Schenectady, New York, reportedly focuses on the business of mining and verifying digital currency such as Bitcoin and Dash, according to an article in Times Union.
The company filed a form D to raise capital from 77 investors in 2018, according to filings with the SEC. The total offering amount sold was purportedly $7,676,772.
Blockchain describes how virtual currencies operate using a system in which transactions are verified and added to a public ledger by unlocking the encrypted files using high-powered computer systems.
The term is called “mining” because new bitcoins are awarded to those who successfully unlock the blocks.
Filing a Complaint against your Brokerage Firm
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly recommending high-risk investments to investors.
The problem with Bitcoin related investments such as Mega Blockchain Corp.is that they typically involve a high degree of risk. Without a strong understanding of the company and its basic operations, investors may be looking at serious losses.
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.
If you have concerns regarding investment losses in Mega Blockchain Corp., please call the securities attorneys at The White Law Group for a free consultation at 888-637-5510.
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.