GMI-Palmdale Hospitality LP Investors may have Claims
The White Law Group is investigating potential securities claims involving broker dealers who may have unsuitably recommended GMI-Palmdale Hospitality LP to investors.
Gentry Mills Capital is a real estate investment firm whose purpose is to seek out, package and provide quality commercial real estate investment opportunities to investors represented by investment professionals in the financial services industry, according to its website.
The company reportedly filed a form D for the real estate fund, GMI-Palmdale Hospitality LP in 2016. The total offering amount sold was purportedly $4,499,800, according to the Reg D. The sales commissions and fees paid were purportedly estimated at more than 9% of the offering amount.
The Risks of Investing in Reg D Private Placement Offerings
Investments in private placement offerings such as GMI-Palmdale Hospitality LP, typically have a higher level of risk than exchange-traded securities. Since they are not traded on any exchange, they are typically illiquid investments.
There are often legal or contractual restrictions on your ability to transfer your holdings, and even if sale of your holdings is permitted there may be no buyers. You may need to hold these securities for an indefinite period of time.
Companies that issue unlisted securities may provide little or no transparency into their ongoing operations and financial condition. While some investments may make periodic distributions, others may not make any.
Filing a Complaint against your Brokerage Firm
Brokerage firms have a responsibility to adequately disclose all risks before selling any investment and must consider suitability factors such as age, financial needs, and risk tolerance to name a few. Brokerage firms that do not perform adequate due diligences on an investment or demonstrate a breach of fiduciary duty can be held accountable for losses incurred through FINRA arbitration.
If you are concerned about an investment in GMI-Palmdale Hospitality LP, The White Law Group may be able to help you by filing a complaint against your brokerage firm. Please call the offices at 888-637-5510 for a free consultation with a securities attorney.
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 firm, please visit https://www.whitesecuritieslaw.com.
Tags: Gentry Mills Capital, GMI-Palmdale Hospitality LP, GMI-Palmdale Hospitality LP class action, GMI-Palmdale Hospitality LP lawsuit, GMI-Palmdale Hospitality LP news, GMI-Palmdale Hospitality LP price drop, GMI-Palmdale Hospitality LP update, risks of private placement investments Last modified: August 21, 2020