Securities Investigation: Houston Multifamily Portfolio LP
The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended Houston Multifamily Portfolio LP to investors.
Houston Multifamily Portfolio LP, a real estate fund, reportedly filed a form D to raise capital from investors in 2019. The total offering amount sold was purportedly $63,278,797.
Houston Multifamily Portfolio LP is a Regulation D private placement investment. Investments such as these are typically sold by brokerage firms in exchange for a large up-front commission. High fees can range from 7-10%, as well as additional “due diligence fees” that can range from 1-3%.
The problem with private placement investments is that they typically involve a high degree of risk. They are also often sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.
The White Law Group is investigating potential claims involving brokerage firms who may have for improperly recommended high-risk private placements to 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. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim.
To learn more, please see: Regulation D Private Placement Fraud Attorneys
Recovery of Investment Losses through FINRA Arbitration
If you have concerns regarding your investment in Houston Multifamily Portfolio LP 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, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance 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://www.whitesecuritieslaw.com.
To learn more about our claims involving high-risk private placement investments, please see:
Concord Investment Services Lawsuit filed involving High-Risk Alternative Investments
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