Concerned about your investment in RiverView Senior Resort?
The White Law Group is investigating potential securities claims involving broker-dealers who may have unsuitably recommended investing in RiverView Senior Resort.
RiverView Senior Resort in Palm Bay, Florida raised capital from investors in 2014 for construction financing, according to a press announcement.
The investment offerings which included $24,910,000 Series 2014A Senior Draw Down Bonds and $4,455,000 Series 2014B Subordinate Bonds, closed in March 2014. RiverView was reportedly the first phase of an expected multi-phase senior living development. Bond proceeds provided for the new construction of 100 assisted living units and 20 memory care units.
The White Law Group is specifically investigating the following Palm Bay bonds to investors:
Series 2014A Senior Draw Down Bonds
Series 2014B Subordinate Bonds
Broker dealers are required to perform adequate due diligence on all investment recommendations. They must ensure that each investment recommendation that is made is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim. Fortunately, FINRA provides an arbitration forum for investors to resolve such disputes.
Free Consultation with a Securities Attorney
If you are concerned about your investment in RiverView Senior Resort in Palm Bay, Florida, you may be able to file a complaint against your brokerage firm. Please contact the securities attorneys at The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee. The firm represents investors throughout the country in claims against their brokerage firm.
For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com.