Did you suffer losses investing in United Mortgage Trust? If so, The White Law Group may be able to help recover your investment loss through a FINRA dispute resolution claim against the broker dealer that sold you the investment.
According to LP sales, United Mortgage Trust sold for a mere $5.47 in September. Private placements, like United Mortgage Trust, often lack liquidity. Many investors are not fully aware of the problems and high risks associated with these investments before purchasing them. When the investment goes bad, many are often left searching for a buyer.
Brokers that sell private placements have a fiduciary duty to adequately disclose the risks associated with any investment product. They are also required to perform the necessary due diligence to determine a reasonable likelihood of success.
In addition, brokers often earn substantial sales commissions on private placements. Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market. Unfortunately in many cases, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations.
Brokers that fail to uphold securities laws and regulations, or fail to uphold their fiduciary duty to clients, may be liable for investment losses.
If you invested United Mortgage Trust and would like to discuss your potential to recover investment losses, please call our Chicago office at (312)238-9650 for a free consultation.
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 Vero Beach, Florida.
For more information on The White Law Group, please visit our website at www.WhiteSecuritiesLaw.com.