Investigating Potential Lawsuits – Noble Hospitality Fund II L.P
Are you concerned about your investment in Noble Hospitality Fund II L.P? 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.
Noble Investment Group reportedly invests in the lodging and hospitality real estate sector, according to its website. Its portfolio also includes restaurants and convention centers.
The company filed a form D to raise capital from investors with the offering Noble Hospitality Fund II L.P in 2013. The total amount of the offering sold was purportedly $220,000,000.
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%.
The problem with private placement investments such as Noble Hospitality Fund II L.P is that they 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 improperly 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.
If you have concerns regarding your investment in Noble Hospitality Fund II L.P 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 Franklin, Tennessee.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.