Did your Financial Advisor Recommend Investing in Dextera Surgical Inc. (aka Cardica Inc.)?

The White Law Group is investigating the liability broker-dealers may have for unsuitability recommending Dextera Surgical Inc. to investors.

According to the website, Dextera Surgical Inc. manufactures the smallest-profile and most maneuverable articulating surgical stapling platform on the market for minimally invasive surgery. Last year the company changed its name from Cardica Inc. to Dextera Surgical Inc.

Are Private Placement Investments Suitable for you?

Dextera Surgical Inc. raised money by offering Regulation D private placements. Private placements are unregistered securities and can be very risky. They are not regulated with the same scrutiny as stocks, bonds or mutual funds.

Private Placements, such as Dextera Surgical Inc., are not suitable for all investors.  A Private placement investment has many risks, including tying up investment monies for long periods of time. There is also the risk of loss to some or all of the investment. Brokers have a duty to investigate private placements and determine the suitability for their clients.

According to the Financial Industry Regulatory (FINRA) Rules, member firms are responsible for supervising a broker’s activities while the broker is registered with the firm. Therefore, if you suffered losses investing in Dextera Surgical Inc., the brokerage firm may be held liable for those investment losses.

Investors can file an arbitration claim or request mediation through FINRA when they have a dispute involving the business activities of a brokerage firm or one if its brokers.

Free Consultation

The firm represents investors across the United States for complaints against brokers for improper sales practices. For a free consultation with a securities attorney, please call 888-637-5510.

The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, visit www.whitesecuritieslaw.com.