FINRA arbitration claim filed against Crown Capital to recover alternative investment losses

FULLERTON, Calif. - June 5, 2015 - PRLog -- The White Law Group announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration statement of claim against Crown Capital Securities.  The claim seeks to recover losses between $100,000 and $499,999.

The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf two California investors and alleges claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Crown Capital unsuitably invested the clients in various high commission and risky oil and gas private placements and non-traded REIT investments.  The specific investments at issue, include, but are not limited to:

Cypress Income Fund 10
Inland American
Carter Validus Mission Critical
Noble Royalties
Grubb & Ellis Healthcare REIT II

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

Finally, it is alleged that Eric W. Kuchel (CRD #4118500) was the financial advisor of record at the time of these recommendations.

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.