FINRA Arbitration filed against Investment Security Corporation to recover TIC losses

SALT LAKE CITY - Nov. 10, 2014 - PRLog -- The claim, filed against Investment Security Corporation, seeks recovery of investment losses between $100,000 and $140,000.

The claim filed by The White Law Group was submitted on behalf of two Utah investors and alleges claims for fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim specifically alleges that the investors were unsuitably invested in a TIC investment.  The claim further alleges that Investment Security Corporation failed to perform the proper due diligence on the TIC investment prior to offering it for sale to its clients.

Broker-dealers have a fiduciary duty to research investments prior to recommending them for sale to its clients and to ensure that the investments in recommends are appropriate for the client in light of the clients age, investment experience, net worth, and investment objectives.

The claim alleges that the losses were incurred in the following TIC investment: Atlanta Midtown Residence Inn TIC.

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, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.