FINRA Lawsuit Filed Against Independent Financial Group over Investment Losses

The White Law Group announces the filing of a FINRA arbitration claim against Independent Financial Group involving high risk private placement investments.

The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of a Medford, Oregon couple alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.

The claim further alleges that Independent Financial Group unsuitably invested the client in the following investments (among others):

American Realty Capital Trust III
Business Development Corp. of America
New York REIT
Noble Royalty Access Fund 15, LP
Philips Edison Grocery Center REIT
ARC Retail Centers of America
Strategic Storage Trust II

The claim seeks damages between $100,000 and $380,000.

Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor.

It is alleged that Independent Financial Group failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors.

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional.  It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court.

For more information on the lawsuit filed by The White Law Group, please contact the firm at 1-888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection 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 http://whitesecuritieslaw.com.