Claim for Recovery of Private Placement Losses

Jan. 27, 2011 - PRLog -- The White Law Group announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration statement of claim involving investment losses in various private placements, including Provident Share Royalties, Cawley Partners, Peregrine Financial Group, and IMH Secured Loan Fund.  

The claim, filed against Capital Financial Services, Kaiser & Company, and First Allied Securities, seeks recovery of investment losses incurred by two investors as a result of these firms' investment recommendations.

The claim filed by The White Law Group was submitted on behalf of two investors in Maryland and alleges claims for fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges the the investments selected for the two investors were unsuitable and that several of the investments were also fraudulent.   For example, in 2009, the U.S. Securities and Exchange Commission sued Provident and its three principals, accusing them of raising $485 million in an alleged Ponzi scheme.

For more information on the claim filed by The White Law Group, please contact the firm’s Chicago office at 312-238-9650.

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The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm. With over 30 years of securities law experience, including experience working at FINRA (f/k/a the NASD) and the SEC, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions.

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