Clearday Inc: FINRA Claims

The White Law Group is investigating potential securities claims involving the liability brokerage firms may have for improperly recommending Clearday Inc to investors.  

Clearday™ is “an innovative non-acute longevity healthcare services company,” according to its website. On September 9, 2021, Clearday, Inc. (formerly known as Superconductor Technologies Inc.), completed its acquisition and merger with Allied Integral United, Inc.  

Allied Integral United is part of an alternative investment scheme developed by a former Triad Broker James Walesa. Numerous investors have suffered losses investing with Walesa in Allied Integral United and a slew of other alternative investments.  

Prior to completion of the merger, Superconductor affected a 3.773585 -for-1 share reverse stock split. Clearday (CLRD) shares closed yesterday on the Over-the-Counter Markets (OTCQX) at $0.73 per share. 

Broker Due Diligence 

Brokers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor and are in line with the clients risk tolerance, age, net worth, and investment experience. 

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. FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute. 

Recovery of Investment Losses 

The White Law Group is currently representing dozens of investors in claims against Walesa’s former employers. If you have suffered losses investing in Clearday or Allied Integral United or another private placement investment, we may be able to help you.  For a free consultation please contact The White Law Group 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 Seattle, Washington. For more information on the firm, visit www.WhiteSecuritiesLaw.com.