FINRA arbitration claim filed against Crown Capital to recover investment losses.

The White Law Group announces the filing a FINRA arbitration claim against Crown Capital to recover investment losses in various oil and gas private placements, TICs and REITs.
By: The White Law Group, LLC
 
May 7, 2012 - PRLog -- The White Law Group announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration statement of claim against Crown Capital Securities.  The claim seeks to recover losses in excess of $500,000.

The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf an investor living in California for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Crown Capital unsuitably invested the client in various high commission and risky oil and gas private placements and non-traded REIT investments.  The specific investments at issue, include, but are not limited to, including Behringer Harvard REIT, Behringer Harvard Opportunity REIT, Petroleum Development Corporation, Inland Western REIT, Investment Real Estate Associates TIC, and Ridgewood Petroleum Plan S.  

Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor.  It is alleged that Crown Capital failed to perform the necessary due diligence on these investments prior to recommending them to this particular investor.

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional.  It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court.

For more information on the claim filed by The White Law Group, please contact the firm's Chicago office at 312-238-9650.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.  For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.
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Source:The White Law Group, LLC
Email:***@whitesecuritieslaw.com Email Verified
Zip:60618
Tags:Behringer Harvard REIT, Petroleum Development Corp, Investment Real Estate Associates, Ridgewood Petroleum Plan S
Industry:Banking, Investment, Business
Location:Chicago - Illinois - United States
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