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Written by 12:50 pm Blog, Current Investigations

Investor Alert: Fire Cannabis Inc.  

Investor Alert: Fire Cannabis Inc., featured by top securities fraud attorneys, the White Law Group.

Investigating Potential claims involving Fire Cannabis Inc.  

The White Law Group is investigating potential securities fraud claims involving Fire Cannabis Inc.   

Fire Cannabis Inc. reportedly filed a form D to raise capital from investors in 2018. The total offering amount purportedly sold to investors was $43,998,590. 

The problem with private placement investments such as this one 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.  They also tend to come with high fees and sales commissions.  To learn more about the risks of investing in private placements, please see: Regulation D Private Placement Fraud Attorneys    

How to Recover Investment Losses  

The White Law Group is investigating potential claims involving brokerage firms who may have improperly recommended Fire Cannabis Inc. to investors.  

Brokerage firms have two main duties in recommending investments.  First, brokerage firms are required to perform adequate due diligence on any product they recommend. Second, brokerage firms are required to ensure that all recommendations made are suitable for their client in light of the client’s age, investment experience, net worth, income, and investment objectives.   

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional. ?It provides investors with an opportunity to attempt to recoup their investment losses without filing such claims in court.   

If you are concerned about your investment in Fire Cannabis Inc., 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 one of our recent claims involving alternative investments, please see:    

FINRA Lawsuit filed against Cetera Advisors involving Unsuitable Investments 

 

   

Tags: , , , , , , , , , Last modified: September 13, 2022