Sonocine, Inc. Files for Chapter 11 Bankruptcy Protection

Concerned about your investment in Sonocine, Inc.?

Are you concerned about your investment in Sonocine Inc.? 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.

SonoCine Inc., a medical technology company, develops and markets an imaging solution for breast cancer screening, according to its website. The company reportedly develops an automated breast ultrasound system for finding small cancers in women. 

According to public records, the company filed for chapter 11 bankruptcy protection on July 28, 2020. 

The company filed a Form D to raise capital from investors in 2015, according to filings with the SEC. The total offering amount sold was purportedly $7,086,011.

Securities Investigation

The White Law Group continues to investigate the liability that FINRA registered brokerage firms may have for improperly recommending high-risk alternative investments to investors.

The problem with medical technology investments such as Sonocine Inc. is that they typically involve a high degree of risk. The research and development process for tech companies often involves costly and lengthy clinical testing trials that yield specific data. If the expected data or end points are not met, that could be bad news for investors.

Without a strong understanding of the company and its basic operations, investors may be looking at serious losses.

Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim.

If you have concerns regarding investment losses in Sonocine Inc. please call the securities attorneys at The White Law Group for a free consultation at 888-637-5510.

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.

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://whitesecuritieslaw.com.