Investigating Claims involving Alitair Pharmaceuticals Inc.
The White Law Group is investigating potential securities claims involving broker-dealers who may have unsuitably recommended Alitair Pharmaceuticals Inc. to investors.
Alitair, a biopharmaceutical company, reportedly filed a form D to raise capital from investors in 2018. The total offering amount was purportedly $32,000,000. Alitair is a specialty pharmaceutical company focused on developing prescription cough medicines and Orphan Drugs for bronchiectasis, among other things, according to its website.
The problem with pharmaceutical and biotech investments 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 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.
Recovery of Investment Losses
If you are concerned about your investment in Alitair Pharmaceuticals Inc., 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 Seattle, Washington. 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.