FINRA arbitration filed against Independent Financial Group to recover investment losses.

June 15, 2012 - PRLog -- The White Law Group announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration statement of claim against Independent Financial Group.  The claim seeks to recover losses in excess of $100,000.

The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of a retired Arizona investor alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Independent Financial Group unsuitably invested the client in IMH Secured Loan Fund, Inland American REIT, Clearwater Real Estate, LLC, Cole Capital REIT, and Healthcare REIT.

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 Independent Financial Group 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.