Investigating Potential Claims – Restoration Robotics
The White Law Group is investigating potential claims involving broker-dealers who may have unsuitably recommended Restoration Robotics to investors.
Restoration Robotics, Inc., a medical device company, develops and commercializes image-guided robotic systems in the United States and internationally. It offers ARTAS System, a physician-assisted robotic system that identifies and dissects hair follicular units directly from the scalp and creates recipient implant sites. The company was founded in 2002 and is headquartered in San Jose, California.
Upon information and belief, the company has raised capital through Regulation D private placement investments. Generally speaking, private placements are not subject to some of the laws and regulations that are designed to protect investors, such as the comprehensive disclosure requirements that apply to registered offerings. Private and public companies engage in private placements to raise funds from investors.
Recover Investment Losses
Private Placement investments such as Restoration Robotics should only be sold to high net worth, knowledgeable investors.
Your broker has a duty to conduct a reasonable investigation of the investment and the issuer’s representations about it.
If your broker recommended Restoration Robotics and fails to satisfy its duties to investigate the issuer and the offering, this could constitute a violation of the antifraud provisions as well as other federal securities laws.
In addition, your broker must determine whether an investment in the private placement is suitable for you. Your broker must consider your age, financial situation, current and future needs, investment objectives and tax status.
If you lost money investing in Restoration Robotics or another private placement investment, you may be able to recover your losses.
Investors can file an arbitration claim or request mediation through The Financial Industry Regulatory Authority (FINRA) when they have a dispute involving the business activities of a brokerage firm or one if its brokers.
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.
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 Franklin, Tennessee. The firm represents investors throughout the country in claims against their brokerage firm.
For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com.
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