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Written by 9:09 pm Blog, Securities Fraud Articles

Investigation into Magnetation Bond Default

Have you suffered losses in Magnetation LLC bonds? If so, the securities attorneys of The White Law Group may be able to help you recover your losses with a FINRA arbitration claim against the brokerage firm that recommended the bonds to you.

Founded in 2006, Magnetation recovers iron ore left behind from decade old mining waste piles. Unfortunately, continued depressed iron ore prices took a tole on the company. Back in May, Magnetation LLC filed for Chapter 11 bankruptcy reorganization.

Bonds used to be one of the safest investments out there. However, in this economic climate, defaults are on the rise and even now some bonds come with substantial risks.

The White Law Group is investigating the liability that brokerage firms may have for recommending junk bonds to their clients.

Brokerage-firms and investment advisers are required to make investment recommendations that are suitable for their clients in light of their clients’ particular investment situation – net worth, investment objectives, income, and investment experience. Brokerage firms or advisors who sell junk bonds to unsuitable investors or fail to adequately disclose the risks of the investments can be held accountable for losses suffered through a FINRA arbitration claim.

If you have concerns regarding your investment in Magnetation bonds and would like to speak with a securities attorney about your litigation options, please call 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 Vero Beach, Florida.

For more information on The White Law Group, please visit the firm’s website at www.whitesecuritieslaw.com.

Tags: , , , , , , , , , Last modified: December 15, 2022