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Spindle Inc., Recovery of Investment Losses

Spindle Inc., Recovery of Investment Losses, featured by top securities fraud attorneys, The White Law Group

Investigating Claims Involving –  Spindle Inc. Investment

The White Law Group is investigating potential securities claims involving broker dealers who may have unsuitably recommended Spindle Inc. to investors. 

Spindle, Inc. reportedly engages in the provision of payment processing services to merchants using its Catalyst Gateway, and also acts as an agent, independent contractor, or referral partner to broker merchants that it secures to other merchant processors for ongoing fees based on processing volume, according to MarketWatch. 

The company filed a form D to raise capital from investors in 2016, according to SEC filings. On March 21, 2019, the Board of Directors of Spindle, Inc. voted to authorize Management to file a petition for relief under Chapter 7 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida, according to an 8-K filing.

Brokerage firms have a responsibility to adequately disclose all risks before selling any investment and must consider suitability factors such as age, financial needs, and risk tolerance to name a few.

Firms that do not perform adequate due diligences on an investment or demonstrate a breach of fiduciary duty can be held accountable for losses incurred through FINRA arbitration.

Filing a Complaint against your Brokerage Firm 

If you are concerned about an investment in Spindle Inc., The White Law Group may be able to help you by filing a complaint against your brokerage firm. Please call the offices at 888-637-5510 for a free consultation with a securities attorney.

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 firm, please visit https://www.whitesecuritieslaw.com.

Tags: , , , , , Last modified: October 23, 2020