Bourne Seniors Housing: Investigation

Bourne Financial Group: Lawsuit Investigation

Have you suffered investment losses in Bourne Seniors Housing? The White Law Group is investigating potential securities claims involving broker dealers and financial advisors who may have unsuitably recommended Bourne Seniors Housing offerings to investors. 

Based in Winter Park, FL, Bourne Financial Group,  is a real estate private equity company specializing in seniors housing development and acquisitions, according to its website.

Bourne Financial Group reportedly filed a form D to raise capital from investors for the offering Bourne Seniors Housing VI LLC in 2021. The total offering amount was purportedly $75,000,000, and the sales fees and commissions were estimated at close to 10% of the offering amount, according to SEC filings.

The White Law Group is investigating the following Bourne Financial Group offerings, among others:

Bourne Seniors Housing VI LLC
Bourne Seniors Housing V LLC
Bourne Seniors Housing IV LLC
Bourne Seniors Housing III, LLC
Bourne Seniors Housing II, LLC
Triloma Bourne Seniors Housing II, LLC

The Risks Of Reg D Private Placement Investments 

Private placement investments such as this one is that they are generally speculative, high risk investments and due to the complex nature are often unsuitable for many investors. Despite the risks of investing in alternative investments, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.

Since they are generally not traded on any exchange, private placement offerings are typically illiquid investments. There are often legal or contractual restrictions on your ability to transfer your holdings, and even if sale of your holdings is permitted there may be no buyers. You may need to hold these securities for an indefinite period of time.

While some private placement investments may make periodic distributions, others may not make any. 

Broker Due Diligence

Brokerage firms have a responsibility to adequately disclose all risks before selling any investment and must consider suitability factors such as age, financial needs, and risk tolerance to name a few. Firms that do not perform adequate due diligences on an investment or demonstrate a breach of fiduciary duty can be held accountable for losses incurred through FINRA arbitration.

Lawsuit Options: FINRA Arbitration vs. Class Action

Investors considering legal action may wonder whether a class action lawsuit or an individual FINRA arbitration claim is the better option. Typically:

• FINRA Arbitration is often more suitable lawsuit for investors with losses exceeding $100,000.
• Class Action Lawsuits are usually pursued when numerous investors have small claims that are impractical to litigate individually.

FINRA Lawsuits for Recovery

If you are concerned about an investment losses in Bourne Seniors Housing VI or another Bourne Financial Group offering,  the securities attorneys at The White Law Group may be able to help you. Please call the offices at 888-637-5510 for a free consultation with a securities attorney.

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.