MetroMarke Investigation Potential Lawsuits
Are you concerned about your investment in MetroMarke? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
According to its website, MetroMarke is a real estate investment company that provides “accredited investors the opportunity to participate in multi-family projects with the potential to generate returns.”
The company has filed several Form Ds to raise capital from investors, according to SEC filings. 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%.
Private placements investments are a means for companies to raise capital through the sale of equity or debt securities without having to register their securities with the SEC. These investments are often riskier and more complicated than traditional investments, and are only suitable for high net worth, sophisticated investors.
Is a Private Placement Investment Suitable for you?
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly selling high-risk private placements, such as the following MetroMarke offerings:
MetroMarke Hotel Fund LP
MetroMarke Multifamily Development Fund 1 LP
MetroMarke Multifamily Fund II LP
MetroMarke Retail Fund III LP
Despite the risks of investing in private placements, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
Prior to making recommendations to an individual investor, brokerage firms are required by the Financial Industry Regulatory Authority (FINRA) to disclose all the risks of an investment. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance.
Brokerage firms that do not perform adequate due diligence on an investment and/or make unsuitable recommendations can be held accountable for investment losses through FINRA arbitration.
If you are concerned about your private placement investment in MetroMarke, The White Law Group may be able to help. Please call the offices at 888-637-5510 for a free consultation with a securities attorney.
The White Law Group is a national securities fraud, securities arbitration, and investor protection 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 https://whitesecuritieslaw.com.
Tags: MetroMarke complaints, MetroMarke Hotel Fund LP, MetroMarke investigation, MetroMarke investment, MetroMarke lawsuit, MetroMarke Multifamily Development Fund 1 LP, MetroMarke Multifamily Fund II LP, MetroMarke recovery options, MetroMarke Retail Fund III LP Last modified: October 16, 2019