ATEL Capital Equipment Fund XVI – Secondary Sales Price
Have you suffered losses investing in ATEL Capital Equipment Fund XVI at the recommendation of your broker? If so, the securities attorneys of 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.
The problem with leasing equipment funds is that they are complex and inherently risky products.
According to ATEL’s own prospectus, some of the risk factors to investors include the following:
“The Fund will pay ATEL substantial fees; The Fund has not specified all its equipment investments; The Fund’s performance is subject to the risk of lessee defaults; The Fund will borrow to buy equipment investments; An investor’s ability to sell his Units is limited; and The Fund does not guarantee its distributions or the return of investors’ capital.”
Investigating Potential Claims
Broker dealers are required to inform clients of the risks associated with investment recommendations. They must ensure that those recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so, may be held responsible for any losses.
Lack of liquidity is often problematic for many investors. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale.
According to LPsales.com, a secondary market for private placements, shares of ATEL Capital Equipment Fund XVI were recently sold for $5.90/share. This may represent a significant loss for many investors.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of ATEL Capital Equipment Fund XVI, please contact 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 Vero Beach, Florida. For more information on the firm, visit www.WhiteSecuritiesLaw.com.
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