Concerned about your investment in Baxano Surgical Inc.?
Are you concerned about your investment losses in Baxano Surgical, Inc.? 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.
The company filed a form D in 2014 to raise capital from investors, according to filings with the SEC. The total offering amount was purportedly $9,993,680.
The company reportedly filed for a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in November 2014 to facilitate a going concern sale of the company, according to public records.
Baxano also terminated its listing on the Nasdaq Global Market after it failed to maintain a minimum bid price of $1 per share, according to a press release.
Filing a Complaint against your Brokerage Firm
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly recommending high-risk investments to investors.
The problem with pharmaceutical and biotech investments such as Baxano Surgical Inc. 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 you have concerns regarding investment losses in Baxano Surgical Inc., please call the securities attorneys at The White Law Group for a free consultation at 888-637-5510.
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 White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.
Tags: Baxano Surgical Inc. class action, Baxano Surgical Inc. complaints, Baxano Surgical Inc. investigation, Baxano Surgical Inc. investment losses, Baxano Surgical Inc. lawsuit, Baxano Surgical Inc. news, Baxano Surgical Inc. update Last modified: October 14, 2020