Investigating Potential Lawsuits involving GK Preferred Income Funds
The White Law Group is investigating potential securities claims involving broker dealers who may have improperly recommended GK Preferred Income Fund V to investors. If you have suffered losses in this investment, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.
The company filed a Form D (private placement) notice of exempt offering of securities in 2019 to raise capital from investors. The total offering amount reportedly was $50,000,000.00. The estimated sales commissions on this investment were 10%, according to SEC filings.
The White Law Group is investigating the following GK offerings:
GK Preferred Income Fund V
GK Secured Income Investments I, LLC
GK Secured Income Investments III, LLC
GK Secured Income IV
Is a Reg D Private Placement Investment Suitable for you?
Reg D Private placement 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. These investments are often riskier and more complicated than traditional investments, and are only suitable for high net worth, sophisticated investors.
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 GK Preferred Income Fund V 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 is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://whitesecuritieslaw.com.
Tags: finra lawsuit, GK Preferred Income Fund LLC class action lawsuit, GK Preferred Income Fund LLC complaints, GK Preferred Income Fund LLC information, GK Preferred Income Fund LLC investigation, GK Preferred Income Fund LLC lawsuits, high commissions, private placement losses, reg D private placement, securities investigation, unsuitable investment advice Last modified: March 4, 2024
