Securities Investigation: Pure Harvest Cannabis Group Inc.
Are you concerned about your investment in Pure Harvest Cannabis Group Inc.? If so, the securities attorneys at the White Law Group may be able to help you through FINRA Arbitration.
The White Law Group is investigating potential claims involving brokerage firms who may have improperly recommended high-risk private placements to investors. Investments such as these are typically sold by brokerage firms in exchange for a large up-front commission. High fees can range from 7-10%, as well as additional “due diligence fees” that can range from 1-3%.
Pure Harvest Cannabis Group Inc, based in Denver, CO, filed a Form D to raise capital from investors in 2019. The total offering amount was purportedly $10,000,000. The company reportedly changed its name to Pure Harvest Corporate Group Inc. on June 24, 2020.
The problem with private placement investments 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.
To learn more, please see: Regulation D Private Placement Fraud Attorneys
Filing a FINRA Claim to Recover Financial Losses
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 invested in Pure Harvest Cannabis Group Inc., and would like to speak with a securities attorney about your options, 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 our recent claim involving alternative investments, please see:
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