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Written by 2:38 pm Blog, Securities Fraud Articles

Investigation involving ABD E&W

The White Law group is investigating potential claims against broker dealers that sold ABD E&W Fund, LP. If you are concerned about your ABD E&W Fund, The White Law Group may be able to help.

According to a Form D filed with the SEC, ABD E&W Fund is located in Boca Raton, Florida and was launched in 2004. The Fund was sold to investors as a private placement offering. As of March 13, 2009, the Fund had purportedly raised approximately $10 million.

Private placements, like the ABD E&W Fund, are not publicly traded investments, making them generally more risky than other investment products such as stocks. In addition, private placements are typically exempt from registration with the Securities and Exchange Commission (SEC) and therefore lack the same regulatory oversight as other investment products.

Broker dealers are required by the Financial Industry Regulatory Authority (FINRA) to perform adequate due diligence on any investment they recommend and to ensure that they only recommend investments that are suitable for their clients.  The investors’ age, risk tolerance, net worth, investment experience and a number of other factors should be taken in to consideration by the brokerage firm before recommending any investment.  Broker dealers that overlook FINRA suitability requirements or fail to adequately disclose the risks associated with an investment can be liable for investment losses through FINRA arbitration.

For a free consultation to discuss your litigation options, please contact The White Law Group’s Chicago office at 312-238-9650.

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 Boca Raton, Florida.

For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.

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