FINRA Arbitration filed against Walnut Street Securities to attempt to recover investment losses.

CHICAGO - May 1, 2013 - PRLog -- The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of two Oregon investors alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Walnut Street Securities unsuitably invested the clients in the following unsuitable investments (among others):

Atlas Public 14-2004
Atlas Public 15-2005
Atlas Public 15-2006
Atlas Private 27-2006
Atlas Public 16-2007
Atlas Public 14-2005
Atlas Public 17-2008
Atlas Public 18-2009
Ridgewood Energy W Fund
Ridgewood Energy T Fund
Ridgewood Energy U Fund
Ridgewood Energy X Fund

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 Walnut Street Securities failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors.

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, FINRA arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.  

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