Concerned about your investment in EnSite Power, Inc.?
The White Law Group is investigating potential securities claims involving broker-dealers who may have unsuitably recommended EnSite Power, Inc. to investors.
ZincFive, Inc., formerly known as EnSite Power Inc., based in Wilsonville, OR, is reportedly focused on leveraging nickel-zinc chemistry and optimizing the battery control systems to deliver innovative solutions for mission critical applications that are safe, highly recyclable, energy efficient and scalable, according to its website.
The company reportedly filed a form D to raise capital from investors in 2016 for the offering EnSite Power Inc., and the total offering amount was purportedly $15,000,000, according to the Reg D.
The trouble with alternative investments is that they involve a high degree of risk and are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.
These Reg D private placements are then typically sold by brokerage firms in exchange for a large up front commission, usually between 7-10%, as well as additional “due diligence fees” that can range from 1-3%.
Broker dealers are required to perform adequate due diligence on all investment recommendations. They must ensure that each investment recommendation that is made is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim. Fortunately, FINRA provides an arbitration forum for investors to resolve such disputes.
Filing a Complaint against your Brokerage Firm
If you are concerned about your investment in EnSite Power Inc., you may be able to file a FINRA complaint against your brokerage firm. Please contact the securities attorneys at The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee. The firm represents investors throughout the country in claims against their brokerage firm.
For more information on the firm and its representation of investors, visit ?www.WhiteSecuritiesLaw.com.
Tags: EnSite Power Inc. investment, EnSite Power Inc. lawsuit, EnSite Power Inc. complaints, EnSite Power Inc. investigation, EnSite Power Inc. recovery options, ZincFive investment Last modified: September 14, 2020