Willco IX Development LLLP, Securities Investigation 

Willco IX Development, LLLP,  Investors may have Claims

The White Law Group is investigating potential securities claims involving broker dealers who may have unsuitably recommended Willco IX Development LLLP to investors. 

Willco IX Development LLLP, a  lodging/conventions business  in Fort Collins, CO, reportedly filed a form D to raise capital from investors in 2014. The total offering amount was purportedly $8,000,000, according to the Reg D. 

The Risks of Investing in Reg D Private Placement Offerings

Investments in private placement offerings typically have a higher level of risk than exchange-traded securities. Since they are not traded on any exchange, they are typically illiquid investments.

There are often legal or contractual restrictions on your ability to transfer your holdings, and even if sale of your holdings is permitted there may be no buyers. You may need to hold these securities for an indefinite period of time.

Companies that issue unlisted securities may provide little or no transparency into their ongoing operations and financial condition. While some investments may make periodic distributions, others may not make any. 

Filing a Complaint against your Brokerage Firm

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. Brokerage 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.

If you are concerned about an investment in Willco IX Development LLLP, 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://whitesecuritieslaw.com.