The White Law Group is investigating the sale of Taurus Global Resource Fund by brokerage firms that may have misrepresented or unsuitably sold the Fund to investors.
Hedge fund investments, like Taurus Global Resources, are high-risk ventures and are generally only suitable for wealthy or sophisticated investors. Brokerage firms are required to perform adequate due diligence on any investment they recommend. They are also required to only recommend investments that are suitable for the investor in light of that investor’s age, investment experience, net worth, and investment objective. To the extent that it can be demonstrated that a brokerage firm unsuitably invested someone in a particular investment or failed to adequately perform due diligence on an investment before offering it for sale, such firms may be help responsible for any resulting losses in a FINRA arbitration claim.
According to its SEC Form D, Taurus Global Resource is a hedge fund lunched in 2009. M.D. Sass Securities, a FINRA registered broker-dealer, is listed on the same Form D as the recipient of sales commission associated with the Fund.
In a separate matter, M.D. Sass Securities was recently fined $100,000 by the Financial Industry Regulatory Authority (FINRA) for distributing misleading marketing material. According to a Letter of Acceptance, Waiver and Consent submitted by M.D. Sass Securities, the firm, without admitting or denying the findings, consented to the entry of findings that it distributed marketing materials that contained misleading descriptions of fund investment objectives. The FINRA notice does not indicate whether the sanction is related to Taurus Global Resources or another offering of the firm.
If you suffered losses investing in Taurus Global Resource Fund and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at 312/238-9650 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 Boca Raton, Florida.
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