Securities Investigation – Ironwood Institutional Multi-Strategy Fund LLC
Are you concerned about your investment in Ironwood Institutional Multi-Strategy Fund LLC? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for unsuitably recommending Ironwood Institutional Multi-Strategy Fund LLC to investors.
Ironwood Institutional Multi-Strategy Fund LLC is a Delaware Limited Liability company registered as a closed-end, non-diversified, management investment company.
The Fund’s investment objective is capital appreciation with limited variability of returns. The Fund attempts to achieve this objective by allocating capital among a number of pooled entities, each managed by an independent investment adviser pursuant to relative value investment strategies or other techniques and subject to various risks.
According to its prospectus, investment in the fund involves “a high degree of risk” and should be considered a speculative investment that entails substantial risks, including but not limited to:
- Loss of capital
- The Units will not be listed on any securities exchange and it is not anticipated that a secondary market for the Units will develop. You should not expect to be able to sell your Units regardless of how the Fund performs.
- The Units are subject to substantial restrictions on transferability and resale and may not be transferred or resold except as permitted under the LLC Agreement.
- Although the Fund may offer to repurchase Units (or a portion thereof) from time to time, no assurance can be given that repurchases will occur or that any Units properly tendered will be repurchased by the Fund. You may not have access to the money you invested in the Fund for an indefinite time.
- Unlike mutual funds which generally permit redemptions on a daily basis, Units will not be redeemable at an investor’s option. As a result, an investor may not be able to sell or otherwise liquidate his or her Units.
Investigating Potential Claims
Brokerage firms are required to perform due diligence on any offering they recommend. They must ensure that all recommendations made are suitable in light of the client’s age, investment experience, net worth, income, and investment objectives.
If a firm fails to perform due diligence or makes an unsuitable recommendation, the broker-dealer can be held responsible for any losses in a FINRA arbitration claim.
FINRA can help resolve problems and disputes through two non-judicial proceedings: arbitration and mediation. FINRA’s Dispute Resolution forum handles nearly all of the securities-related arbitrations and mediations in the United States.
If you have concerns regarding your investment in Ironwood Institutional Multi-Strategy Fund and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510.
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 Franklin, Tennessee.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit please http://whitesecuritieslaw.com.
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