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Written by 12:50 pm Blog, Securities Fraud Articles

Investigation into Atticus Global Investment Losses

Have you suffered investment losses in Atticus Global, Ltd? If so, the White Law Group may be able to help you recover your losses in a FINRA arbitration claim against the broker dealer that sold you the investment.

According to files with the SEC, Atticus is a New York based company incorporated in 1999. Between 2002 and 2009, Atticus filed five times for exemption from registration with the SEC to sell securities.The last filing indicated the company had sold more than $600 million to accredited investors.

Securities products that are exempt from registration are typically a type of private placement offering. Due to the lack of regulatory oversight, private placements are considered high risk products and arguably are unsuitable for most investors. Unfortunately, because of the high commissions these products pay to brokers, too often they are pushed on to unsuspecting investors.

Broker dealers are required by the Financial Industry Regulatory Authority (FINRA) to perform a suitability analysis to ensure the products they sell are appropriate for each investor. The investors’ age, risk tolerance, financial objectives and investment experience should be take into consideration in order to make suitable investment recommendations.

Broker dealers and investment adviser’s who make unsuitable investment recommendations or fail to adequately disclose investment risks can be held accountable for losses suffered through FINRA arbitration.

To determine whether you may be able to recover investment losses incurred as a result of your purchase of Atticus Global contact The White Law Group at (312) 238-9650 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 Franklin, Tennessee.

For more information on the firm, visit www.WhiteSecuritiesLaw.com.


Tags: , , , , , , , , , Last modified: July 17, 2015