SC Healthcare Investments, LLC
Concerned about your investment in SC Healthcare Investments?
Are you concerned about your investment in SC Healthcare Investments, LLC? 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.
Southern Palmetto Hospital (formerly Barnwell County Hospital), owned by SC Healthcare Investments, closed in January 2016, and then reportedly filed for bankruptcy, according to the Augusta Chronicle.
The hospital reportedly closed after losing $2.5 million from operations just within the past year due to low patient population and uncompensated care, said hospital officials.
Baptist Gardens, a non-profit organization, reportedly purchased the hospital in June 2018 for $2.8 million.
According to SEC filings, the SC Healthcare Investments filed a Form D to raise capital from investors in 2013. According to the filings, the offering type was debt and equity and the total offering amount was reportedly $4,600,000. The sales compensation recipient was purportedly Ausdale Financial Partners, according to the Reg D.
The White Law Group is investigating potential securities claims involving FINRA registered brokerage firms who may have unsuitably recommended alternative investments such as SC Healthcare Investments to investors.
These alternative investments are often riskier and more complicated than traditional investments, and are generally only suitable for high net worth, sophisticated investors. They often have high fees and sales commissions, making them an attractive product for financial advisors to sell.
Broker dealers are required to perform adequate due diligence on any investment they recommend. They must ensure that all recommendations are suitable for the investor. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.
Despite the risks of investing in this type of alternative investments, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
If you are concerned about your investment in SC Healthcare Investments the White Law Group may be able to help you. To speak with a securities attorney about your options, please call The White Law Group at 888-637-5510 for a free consultation.
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://www.whitesecuritieslaw.com.
Tags: finra lawsuit, high commissions, SC Healthcare Investments complaints, SC Healthcare Investments investigation, SC Healthcare Investments lawsuit, securities investigation, Southern Palmetto Hospital chapter 11, Southern Palmetto Hospital closure, unsuitable investment advice SC Healthcare Investments Last modified: May 11, 2020