Investors may have claims – Mill Green Opportunity Fund VI LLC 

Are you concerned about your investment in Mill Green Opportunity Fund VI LLC? 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. 

Mill Green Partners reportedly sponsors real estate funds that invest in multifamily development projects such as Mill Green Opportunity Fund VI. The fund was launched in July 2019 and was closed in April 2021, raising approximately $49 million to invest in seven multifamily development projects located in Miami, FL, Raleigh, NC, Atlanta, GA, Panama City, FL and Orlando, FL, according to its website.

According to the Reg D filing, the sales commissions and fees on the offering were estimated at more than 10% of the total offering amount.

Reg D Private Placement Investment – Complex Investment Product

Reg D private placements are complex investment products, and they are typically illiquid. Additionally, brokers can earn high fees and commissions for selling private placement investments which can give them strong motivation to sell, sometimes without consideration for their client’s best interest. 

Private placement investments are usually restricted to sophisticated investors, such as hedge funds and insurers, seeking alternatives to stocks and bonds and mutual funds. 

These investments are not subject to some of the laws and regulations that are designed to protect investors, such as the comprehensive disclosure requirements that apply to registered offerings.? Private and public companies engage in private placements to raise funds from investors. 

Investigating Potential Claims – Mill Green Opportunity Funds

The White Law Group is investigating the liability that FINRA registered brokerage firms may have for unsuitably recommending the following Mill Green Partners offerings to investors:

Mill Green Opportunity Fund II, LLC
Mill Green Opportunity Fund III, LLC
Mill Green Opportunity Fund IV, LLC
Mill Green Opportunity Fund IX, LLC
Mill Green Opportunity Fund V, LLC
Mill Green Opportunity Fund VI, LLC
Mill Green Opportunity Fund VII, LLC
Mill Green Opportunity Fund VIII, LLC
Mill Green Opportunity Fund, LLC

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. 

Broker Due Diligence 

Brokerage firms are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor considering that investor’s age, investment experience, net worth, risk tolerance, investment objectives, and income. 

Firms that fail to perform adequate due diligence or that make unsuitable recommendations can be held responsible for investment losses in a FINRA arbitration claim. 

Free Consultation 

If you have concerns regarding your investment in Mill Green Opportunity Fund VI LLC and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510. 

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. 

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://whitesecuritieslaw.com.