FINRA Arbitration Filed Against Securities America Over Losses in IMH Secured Loan Fund

CHICAGO - April 29, 2015 - PRLog -- The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of an Illinois investor alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Securities America unsuitably invested the client in the following alternative and high risk investment :

IMH Secured Loan Fund.

The claim seeks damages in excess of $200,000.

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 Securities America failed to perform the necessary due diligence on this investment prior to recommending it to this particular investor.

Finally, it is alleged that Paula Dorion-Gray was the financial advisor of record at the time of the recommendation.

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.

For more information on The White Law Group's investigation of IMH Secured Loan Fund visit http://www.whitesecuritieslaw.com/2013/04/02/ongoing-secu....