Securities Fraud Investigation- Vringo Inc. –Form Holdings Corp. – XpressSpa Group Inc. (XSPA)
Are you concerned about your investment in Vringo Inc.? 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.
According to Yahoo Finance, the company was engaged in the innovation, development and monetization of intellectual property as well as the commercialization and distribution of wire-free charging and rugged computing devices.
The company reportedly changed its corporate name to FORM Holdings Corp., after a reverse stock split in 2015, which intended to increase the per share trading price of the Company`s common stock to satisfy the $1.00 minimum bid price requirement for continued listing on The NASDAQ Capital Market, according to a press announcement.
FORM Holdings reportedly changed its name to XpressSpa Group in 2018 and now trades under the ticker XSPA on Nasdaq.The stock has reportedly declined 79% in the past year.
Securities Fraud Investigation
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for unsuitably recommending Vringo Inc. (VRNG) to investors.
Brokerage firms are required to perform due diligence on any offering they recommend and to ensure that all recommendations made are suitable in light of the client’s age, investment experience, net worth, income, and investment objectives.
If a firm fails to perform due diligence or makes an unsuitable recommendation, the broker-dealer can be held responsible for any losses in a FINRA arbitration claim.
FINRA can help resolve problems and disputes through two non-judicial proceedings: arbitration and mediation. FINRA’s Dispute Resolution forum handles nearly all of the securities-related arbitrations and mediations in the United States.
If you have concerns regarding your investment in Vringo Inc. 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.