FINRA Arbitration Filed Against Capital Financial Services Over Alternative Investment Losses

ROWLETT, Texas - April 20, 2015 - PRLog -- The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of two Texas investors alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Capital Financial Services unsuitably invested the clients in the following alternative and high risk investments (among others):

Commonwealth Private Fund 1
ICON Fund 12
ICON Fund 14
Atlas Resources Public #16-2007(A) L.P.
Atlas Resources Public #17-2007 B LP
Atlas Resources Public #17-2007 LP
Lease Equity Appreciation Fund II, L.P.
Lease Equity Appreciation Fund III, L.P.
Leaf Equipment Finance Fund 4, L.P.
Leaf Equipment Leasing Fund III, L.P.
Commonwealth Income & Growth Private Fund I
Macquarie Equipment Leasing Fund LLC

The claim seeks damages between $100,000 and $300,000.

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 Capital Financial Services failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors.

Finally, it is alleged that Steven Blanke (CRD# 1486109) was the financial advisor of record at the time of the transactions.

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 Vero Beach, Florida.

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.