SQN AIF IV, LP Securities Investigation
Concerned about your investment in SQN AIF IV, LP?
If your financial advisor unsuitably recommended investing in SQN AIF IV, LP and you incurred losses, you may be able to recover your losses by filing a FINRA Arbitration claim.
According to filings with the SEC, SQN AIF IV, LP is a Delaware Limited Partnership sponsored by SQN Capital Management and was formed on August 10, 2012. The partnership is reportedly engaged in a single business segment, the ownership and investment in leased equipment which includes: (i) purchasing equipment and leasing it to third-party end users; (ii) providing equipment and other asset financing; (iii) acquiring equipment subject to lease and (iv) acquiring ownership rights (residual value interests) in leased equipment at lease expiration.
According to filings with the SEC, the company was unable to file “without unreasonable effort or expense, its Annual Report on Form 10-K for the year ended December 31, 2019” which had been extended as part of the Form 8K filing on March 16, 2020 which identified delays resulting from the COVID 19 pandemic.
The fund reportedly needs to compile and analyze supporting documentation in order to complete the financial statements included in the Form 10-K and plans to file in the prescribed time period.
Filing a Complaint against your Brokerage Firm
Unfortunately brokers may not always adequately explain the risks and liquidity problems of the purchase of units in a Limited partnership to investors.
These investments are considerably more risky than traditional investments such as stocks, bonds, or mutual funds. They also often come with high fees and commissions. In this case, the estimated sales commissions paid to the broker-dealers were 7% and the selling agent received an underwriting fee of 3%.
The White Law Group is investigating the liability that some broker dealers may have for improperly recommending SQN AIF IV, LP to investors.
Your financial advisor has a responsibility to perform due diligence on any investment before recommending it to you. If your advisor made unsuitable recommendations to you and you lost money, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
For a free consultation with a securities attorney, please call the offices 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 Seattle, Washington.
Please visit our website for more information on the firm, www.whitesecuritieslaw.com.
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