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Alaska Financial Co. III Investment Losses

Alaska Financial Co. III Investment Losses, featured by Top Securities Fraud Attorneys, The White Law Group

Alaska Financial Co. III LLC Securities Investigation 

Investigating Potential Claims involving  Alaska Financial Co. III LLC

Have you suffered losses investing in Alaska Financial Co. III? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.

On March 22, 2018, the Securities and Exchange Commission reportedly settled charges against McKinley Mortgage Co., a real estate investment business who allegedly engaged in a million dollar investment fraud scheme.

According to the complaint,  the company  raised reportedly more than $66 million from approximately 300 investors, most of whom were retail investors, by allegedly claiming that investments in their fund, Alaska Financial Company III, LLC were secure and that the fund earned high returns from its portfolio.

Unfortunately for investors, the fund was actually insolvent and unable to generate sufficient revenue to meet its interest obligations for years. According to the SEC’s litigation release, although a portion of the raised funds were invested as promised to investors, an executive of the company “misused more than $17 million to fund personal businesses and to pay for personal expenses, and McKinley misused an additional $14 million to pay for its own operational expenses.”

The SEC also alleges that other people involved in the company purportedly helped hide the fraud by preparing or distributing investor materials with false information and reportedly concealing information from the fund’s auditors.

Defendants were ordered to return all ill-gotten funds to investors, according to the complaint.

Recovery of Investment Losses

The White Law Group is investigating potential securities claims involving FINRA registered brokerage firms who may have unsuitably recommended high risk investments such as Alaska Financial Co. III  to investors.

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. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.

If a broker dealer fails to perform due diligence on any investment that they recommend, they may be held responsible for investment losses.

Free Consultation with a Securities Attorney

If you suffered losses investing in Alaska Financial Co. III LLC the White Law Group may be able to help you. To speak with a securities attorney about your options, please call The White Law Group at 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.

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit?https://www.whitesecuritieslaw.com.



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