ICON ECI Fund Fourteen Securities Fraud Investigation

Investigating Potential Claims in ICON ECI Fund Fourteen

Did you lose money investing in ICON ECI Fund Fourteen at the recommendation of your broker? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.

According to their website, ICON Investments is a leading investment manager that provides innovative alternative investment solutions to individual and institutional investors through publicly registered programs, private funds and separately managed accounts. With more than 29 years of experience as an alternative investment manager, ICON and its affiliates have managed investments for more than 71,000 investors and made more than $4.5 billion in total investments. ICON Investments is headquartered in New York City.

Private Placements are Risky.

The trouble with private placements, like ICON ECI Fund Fourteen, is that they lack liquidity and are inherently risky. Compared to traditional investments, such as stocks, bonds and mutual funds, private placements are more complex and are better suited for sophisticated and institutional investors.

In addition, private placements are exempt from registration with the Securities and Exchange Commission (SEC), therefore they lack the same regulatory oversight as more traditional investments.

Broker dealers are required to perform adequate due diligence on any investment they recommend.  They must ensure that all recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience.

Furthermore, broker dealer often earn extremely high sales commission selling private placements, sometimes as high as 15%. Unfortunately, the high sales commissions associated with private placements often provides some broker dealers with enough incentive to overlook suitability requirements.

Investors looking to sell a private placement investment often have difficulty finding a buyer, and can suffer significant losses on the sale. In April 2017, shares of ICON ECI Fund Fourteen were sold on Central Trade and Transfer, a secondary market site, for as little as $151.01 per unit. Considering the original offering price was $1,000 per unit, this is a huge loss for investors.

Recovery of Investment Losses

If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses through FINRA arbitration.

To determine whether you may be able to recover investment losses incurred as a result of your purchase of ICON ECI Fund Fourteen, please contact The White Law Group at (888) 637-5510 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 Franklin, Tennessee.  For more information on the firm, visit https://whitesecuritieslaw.com.

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