Securities Investigation: Parker Springs Partners, LLC
The White Law Group is investigating potential securities claims involving broker dealers who may have improperly recommended Parker Springs Partners, LLC to investors.
According to filings with the SEC, Parker Springs Partners, LLC filed a Reg D to raise capital from investors for a real estate fund. The total offering amount was purportedly $6,650,000.
The Problem with Private Placement Investments
The problem with private placement investments such as Parker Springs Partners, LLC is that they involve a high degree of risk. They are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.
Private placement investments are typically sold to a limited number of accredited investors, such as high-net-worth individuals, institutions, or sophisticated investors.
Lack of liquidity can also be a problem for investors since the shares are not sold on any exchange. Often, when you are ready to sell you won’t be able to find a buyer, or if there is a buyer available, you may sell at a significant loss.
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%.
Recovery of Investment Losses – Parker Springs Partners
Despite the risks of investing in private placement investments, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment, they may be liable for investment losses through FINRA arbitration.
FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.
Experienced securities attorneys can help you through the FINRA arbitration process. 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.
FINRA Attorneys – The White Law Group
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly recommending high-risk private placements like Parker Springs Partners, LLC to investors.
Our firm can help you evaluate the strength of your case, draft a well-structured statement of claim that accurately presents your allegations of fraud and desired damages, and provide representation during the arbitration hearing by presenting evidence and making compelling arguments on your behalf. Additionally, an attorney can engage in negotiation efforts for a potential settlement before the arbitration process begins. Opting for a securities attorney ensures that your rights are safeguarded throughout the arbitration process, maximizing your likelihood of achieving a favorable resolution.
Free Consultation with a Securities Attorney
If you have concerns regarding your investment in Parker Springs Partners, LLC or another private placement offering, The White Law Group may be able to help you. To speak with a securities attorney about your options, please call the office 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://whitesecuritieslaw.com.
Last modified: January 2, 2024
