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MCG Hendersonville TIC: Securities Investigation 

MCG Hendersonville TIC: Securities Investigation featured by top securities fraud attorneys, the White Law Group

Investigating Potential Claims involving MCG Hendersonville TIC 

The White Law Group is investigating potential securities claims involving broker dealers and financial advisors who may have unsuitably recommended MCG Hendersonville TIC to investors.  

MCG Hendersonville TIC LLC reportedly filed a form D to raise capital from investors in 2020, according to filings with the SEC. The total offering amount sold to investors was purportedly $14,231,036. The type of securities is Tenants-in-Common (TIC), according to the filing. 

A TIC investment is defined as a property that is sold to multiple investors who then own fractional interests in the property as co-owners. These investments are often marketed to conservative and retired investors. 

Generally offered as a 1031 exchange tax deferral, financial professionals often misrepresent the risks and benefits of TIC investments. TIC investments often pay high fees and sales commissions, sometimes more than 10%, which may explain why a financial advisor may recommend them to their clients.  

Suitability Rules – FINRA Rule 2111 

If your broker has made unsuitable investment recommendations, and you have suffered losses, you may be able to file a claim with FINRA to seek resolution through arbitration.  

FINRA (Financial Industry Regulatory Authority) is a self-regulatory organization that oversees the securities industry in the United States. The suitability rule (FINRA Rule 2111) is a regulation imposed by the FINRA that requires brokers and financial advisors to recommend investments that are suitable for their clients based on their financial situation, investment objectives, risk tolerance, and other relevant factors. 

Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Brokerage firms that fail to do so may be held responsible for any losses in a FINRA arbitration claim. 

Experienced securities fraud attorneys can help you through the FINRA arbitration process. The intricacies of FINRA arbitration can be challenging to navigate, and a skilled attorney with expertise in securities law can significantly enhance your prospects of a successful outcome. 

Filing a Complaint against your Brokerage firm 

If you are concerned about an investment in MCG Hendersonville TIC, the securities attorneys at The White Law Group may be able to help you by filing a complaint against your brokerage firm. Please call the offices at 888-637-5510 for a free consultation with a securities attorney. 

 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 firm, please visit https://whitesecuritieslaw.com. 

  

Tags: , Last modified: November 9, 2023