Madison Avenue Securities and Ausdal Financial Partners Lawsuit 

FINRA Lawsuit filed against Madison Avenue Securities and Ausdal Financial Partners involving Unsuitable Investments 

The White Law Group announces the filing of a FINRA Arbitration claim submitted on behalf of an Illinois family, alleging violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.

The claim alleges that Madison Avenue Securities and Ausdal Financial Partners unsuitably invested its clients in the following high-risk investments: 

Benefit Street Partners Realty Trust
Cottonwood Communities, Inc.
GWG L Bonds
FS Investment Corp.
FS Global Credit Opportunities Fund
FS Energy & Power Fund
Healthcare Trust, Inc.
Griffin Realty Trust
NorthStar Healthcare Income, Inc.
NorthStar Real Estate Income Trust, Inc.
Hospitality Investors Trust, Inc.
Cole Office & Industrial II
ARC Global Trust
Business Development Corporation of America
Strategic Storage Trust, Inc.
Adageo Energy Partners
HMS Income Fund 

It is further alleged that the broker that was involved with the accounts at issue is David Geake (CRD # 3088891). The FINRA claim seeks damages in an amount between $1,000,000.01 and $1,500,000. 

Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor. 

According to D. Daxton White, managing partner of The White Law Group, “It is possible that many more investors have suffered devastating losses due to the broker-dealers’ failure to supervise and don’t realize they have recovery options.”

Brokerage firms are required to supervise their brokers to ensure that they are complying with FINRA rules. If it can be determined that the financial advisor violated FINRA rules and the employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim.

FINRA Claims to Recover Investment Losses 

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. 

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. 

For more information on The White Law Group and the lawsuit filed against Madison Avenue Securities and Ausdal Financial Partners, please contact the firm at 1-888-637-5510 or visit?https://whitesecuritieslaw.com.