FINRA Claim Filed against Tidal Group, Inc. Alleges Unsuitable Investment Recommendations

The White Law Group announced that it has filed a FINRA?Lawsuit against Tidal Group, Inc. on behalf of a Boulder, Colorado resident and a Wichita, Kansas resident, requesting damages for alleged violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.

The Statement of Claim alleges Tidal Group, Inc. unsuitably invested its clients in a high risk oil and gas private placement investment, Tidal Petroleum, Inc. The claim seeks damages between $500,000.00 and $1,000,000.00.

According to D. Daxton White, managing partner of The White Law Group, “It is unfortunate, but we believe that many more investors have suffered devastating losses due to the broker-dealer’s failure to supervise and don’t realize they have recovery options.”

“Brokerage firms are required to supervise their advisors to ensure that they are complying with FINRA rules. If it can be determined that Tidal Group, Inc. violated FINRA rules, it can be held responsible for any resulting losses in a FINRA arbitration claim.”

According to the Statement of Claim, Tidal Group, Inc. allegedly failed to perform the necessary due diligence on this investment prior to recommending them to these particular investors.

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.

The firm has handled more than 600 FINRA arbitration claims alleging claims for unsuitable investment recommendations, conversion, breach of fiduciary duty, selling away, fraud and other issues.
For more information The White Law Group and the claim filed against Tidal Group, Inc., please contact the offices at 1-888-637-5510 or visit?http://whitesecuritieslaw.com.