Investor Alert – NantKwest
Are you concerned about your investment in NantKwest? 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.
NantKwest, Inc. is a clinical-stage immunotherapy biotechnology company, that develops immunotherapeutic treatments for cancer, infectious diseases, and inflammatory diseases in the United States, according to Bloomberg.
The company’s stock dropped 21.1% in July 2017 after reports surfaced that a class action law firm was launching an investigation about “possible breaches of fiduciary duty and other violations of state law by certain members of NantKwest board of directors.”
According to reports, two NantKwest earnings reports allegedly had to be restated from 2015. Specifically, the company allegedly underreported its CEO’s compensation by about $49 million.
Additionally, the CEO was reportedly paid more than $150 million in 2015. Despite the large salary, NantKwest’s stock has reportedly fallen nearly 80% since its IPO in the middle of 2015.
Free Consultation with a Securities Attorney
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly recommending NantKwest 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.
FINRA can help resolve problems and disputes through two non-judicial proceedings: arbitration and mediation. FINRA’s Dispute Resolution forum handles nearly all of the securities-related arbitrations and mediations in the United States.
If you have concerns regarding your investment in NantKwest 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, 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, visithttps://www.whitesecuritieslaw.com.