Concerned about your investment in Premier Biomedical, Inc.?
Are you concerned about your investment losses in Premier Biomedical Inc.? 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.
The company filed a form D to raise capital from investors in 2015. The total offering amount sold to investors was purportedly $1,500,000, according to the Reg D.
According to an 8-K filing with the SEC on June 29, the company reflected it has been adversely impacted by COVID-19 “and continues to be so effected.”
The company was reportedly unable to file on 10-Q for the quarter ended March 31, 2020 in a timely manner is also due to circumstances related to the COVID-19 global pandemic, according to the 8-K filing.
The company reportedly filed for Chapter 11 bankruptcy protection on October 23, 2020 in Las Vegas, Nevada, according to public records.
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 pharmaceutical and biotech investments such as Premier Biomedical Inc.is that they typically involve a high degree of risk. The research and development process for pharma companies often involves costly and lengthy testing trials that yield specific data. If the expected data or end points are not met, that could be bad news for 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 investment losses in Premier Biomedical Inc., 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.