Recovery of Investment Losses in Codesmart Holdings Inc.
Did you suffer losses investing in Codesmart Holdings Inc. at the recommendation of your broker? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Codesmart Holdings Inc. filed a Form D to raise capital from investors in 2014. According to Bloomberg, the company is a “national subject matter expert for ICD-10 education and compliance in the United States.” The Company apparently provides online programs of study for existing coders, new coders, clinicians, and healthcare roles of all types.
Risks of Private Placement Investments
Private Placements are often riskier and more complicated than traditional investments, and are only suitable for high net worth, sophisticated investors. These types of investments are a means for smaller companies to raise capital through the sale of equity or debt securities without having to register their securities with the SEC.
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly selling alternative investment products like Codesmart Holdings Inc. to its clients.
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.
Despite the risks of investing in this type of alternative investments, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
If you are concerned about your investment in Codesmart Holdings Inc. or another private placement investment and would like 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, 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.
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