Securities Investigation: Versus Systems Inc.
The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended private placement investments such as Versus Systems Inc. to investors.
According to filings with the SEC, Versus Systems Inc. filed a Form D to raise capital from investors in 2018. The total offering amount was purportedly $3,999,999, according to the Reg D filing.
The trouble with alternative investment products such as Versus Systems Inc. is that they involve a high degree of risk and are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks and bonds.
Further, Reg D private placements are typically sold by brokerage firms in exchange for a large up-front commission, usually between 7-10%. Private placement investments are also illiquid. It can be difficult to sell your alternative investment since it isn’t traded on any exchange, and if you are able to find a buyer in a secondary market, you may lose money in the sale.
For more information on Reg D private placement investments please see: Regulation D Private Placement Fraud Attorneys
How to Recover Investment Losses
If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment, they may be liable for investment losses through FINRA arbitration.
FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.
If you have concerns regarding your investment in Versus Systems Inc. The White Law Group may be able to help you. To speak with a securities attorney about your options, please call the office at 888-637-5510 for a free consultation.
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.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.
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