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Written by 9:52 pm Blog, Securities Fraud Articles

Investigation into Rainier Income & Growth Fund III

Have you suffered losses investing in Rainier Income & Growth Fund III? If so, the securities attorneys of The White Law Group may be able to help you recover your losses in a FINRA arbitration claim against the brokerage firm that recommended the investment.

The White Law Group is investigating potential securities fraud claims on behalf of investors involving various broker-dealers’ recommendation that investors purchase risky private placements.

The trouble with limited partnerships is that they are a type of private placement offering and are typically exempt from registration with the SEC. Private placements are generally risky ventures that are only appropriate for sophisticated investors. Unfortunately, because of the high commissions these products pay to brokers, they are often sold to unsophisticated and retired investors.

Broker dealers that sell these types of investments are required by the Financial Industry Regulatory Authority (FINRA) to perform adequate due diligence to ensure that the investment has a reasonable likelihood of success. Broker dealers must also take into account an investor’s age, risk tolerance, and financial objectives before recommending any investment to ensure that a particular recommendation is appropriate for a particular investor.

Broker dealers who make unsuitable investment recommendation or fail to adequately disclose investment risks can be held accountable for losses suffered through FINRA arbitration.

If you have concerns regarding your investment in Rainier Income & Growth Fund III 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 and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

To learn more about The White Law Group visit, www.whitesecuritieslaw.com.

Tags: , , , , , , , , Last modified: July 30, 2015