Concerned about investment losses in in United Development Funding IV (UDF IV)?
Have you suffered losses investing in United Development Funding IV (UDF IV)? If so, The White Law Group may be able to help.
United Development Funding IV is a Maryland real estate investment trust listed on The NASDAQ Global Select Market. UDF IV was formed primarily to generate current interest income by investing in secured loans and producing profits from investments in residential real estate.
On February 18, 2016, the FBI raided United Development Funding IV’s office in Grapevine, Texas and seized documents and computers pursuant to a warrant signed by a federal judge. United Development Funding IV also disclosed that it received a grand jury subpoena.
On the same day, share prices of UDF IV fell to $3.20 before trading was suspended. This follows after the Securities and Exchange Commission began its investigation into United Development Fund IV in 2014 and after famed hedge fund manager Kyle Bass alleged that UDF was using new investor money to pay existing investors, therefore perpetuating a Ponzi-like scheme. UDF denied any wrongdoing.
Trading in UDF IV’s stock has been suspended since February 18, 2016, and no assurance can be given regarding the resumption of regular trading.
Latest Tender Offer
This week, MacKenzie Capital Management, extended another tender offer to UDF IV investors, “Now you can sell your United Development Funding IV investment and regain control of your money. Right now, MacKenzie Capital Management, LP will pay you $1.25 per Share…. quit waiting for UDF IV to decide if or when you get your money back. But this offer expires on May 5, 2017, so you must act soon.”
Investors who purchased UDF investments in reliance upon the recommendation of a broker-dealer firm may also be eligible to pursue claims in arbitration against the firm and seek compensation for any losses they suffered as a result of those investments.
Brokers have a fiduciary duty to perform due diligence on any investment and to ensure that investment recommendations are consistent with their client’s age, net worth, risk tolerance, investment experience and objectives, risk tolerance. If a broker overlooks suitability requirements, investors may have an actionable claim to recover their losses in a product in a claim through FINRA dispute resolution.
The White Law Group has handled dozens of FINRA arbitration claims against brokerage claims involving those firms improper sale of UDF investments, including UDF III and UDF IV.
Free Consultation
For a free consultation with a securities attorney, please call The White Law Group at 1-888-637-5510.
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 Vero Beach, Florida.
For more information on The White Law Group, please visit our website at www.WhiteSecuritiesLaw.com.
Tags: Chicago securities attorney, Chicago securities lawyer, UDF contact info, UDF IV claims, UDF IV class action attorney, UDF IV class action class period, UDF IV class action law firm, UDF IV class action lawyer, UDF IV class period, UDF IV delisted, UDF IV filing deadlines, UDF IV latest news, UDF IV lawsuits, UDF IV litigation options, UDF IV NASDAQ, UDF IV ponzi scheme, UDF IV raid, UDF IV recovery options, UDF IV SEC investigation, UDF IV share price, UDF IV tender offer, UDF IV timeline, UDF IV update, United Development Fund class action, United Development Fund lawsuit, united development fund litigation, United Development Fund SEC investigation, United Development Funding claims, United Development Funding class action lawyer, United Development Funding delisted, United Development Funding lawsuits, United Development Funding ponzi scheme, United Development Funding raid, United Development Funding SEC Investigation, United Development Funding share price, United Development Funding update, Vero Beach investment fraud attorney, Vero Beach securities attorney, Vero Beach securities lawyer Last modified: March 20, 2017