Did your Financial Advisor Recommend Investing in Spectrum Alliance LP?
The White Law Group is investigating the liability broker-dealers may have for unsuitability recommending Spectrum Alliance LP to investors.
Spectrum Alliance, LP is a private, open-ended investment fund formed by Trefoil Properties. The company is comprised of both stabilized and developmental real estate assets located in the Mid-Atlantic states. Spectrum focuses on two property types: Class A suburban office and suburban retail. The company is based in North Wales, Pennsylvania.
On June 20, 2017, Spectrum Alliance, LP filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania.
Risks of Private Placement Investments
Spectrum Alliance LP raised money by offering Regulation D private placements. Private placements are unregistered securities and can be very risky. They are not regulated with the same scrutiny as stocks, bonds or mutual funds.
Private Placements, such as Spectrum Alliance LP, are not suitable for all investors. A Private placement investment has inherent risks, including tying up investment monies for long periods of time. There is also the risk of loss to some or all of the investment. Brokers have a duty to investigate private placements and determine the suitability for their clients.
According to the Financial Industry Regulatory (FINRA) Rules, member firms are responsible for supervising a broker’s activities while the broker is registered with the firm. If you suffered losses investing in Spectrum Alliance LP, you may be able to recover your losses.
Investors can file an arbitration claim or request mediation through FINRA when they have a dispute involving the business activities of a brokerage firm or one if its brokers.
Free Consultation with a Securities Attorney
The White Law Group represents investors across the United States for complaints against brokers for improper sales practices. For a free consultation with a securities attorney, please call 888-637-5510.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.
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