FINRA claim filed against Gramercy Securities Over Alternative Investment Losses

AMARILLO, Texas - April 28, 2014 - PRLog -- The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of a Amarillo, Texas investor alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Gramercy Securities unsuitably invested the clients in the following alternative investments (among others):

Odyssey Diversified VII, LLC Secured 9% Note

Inland American REIT

Inland Western REIT

Architera

LaeRoc Fund

The claim seeks damages in excess of $100,000.

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 Gramercy Securities failed to perform the necessary due diligence on these investments prior to recommending them to this particular investor.

When asked about the claim, D. Daxton White, the firm's managing partner, stated "This claim is consistent with other claims we have filed involving similar alternative investments."

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.