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FINRA claim filed against VSR Financial Over Alternative Investment Losses
The White Law Group announces the filing of a FINRA arbitration claim against VSR Financial involving various alternative investments.
Waveland NeoMatrix, LLC
Inland American Real Estate Trust, Inc.
United Development Funding III
Odyssey Diversified VI Secured 9% Note
Atlas America Series 26-2005
Odyssey Diversified IX Secured 9.25% Note
Reef Saltwater Disposal 2007
The claim seeks damages between $100,000 and $499,999.99.
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 VSR Financial failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors.
When asked about the claim, D. Daxton White, the firm's managing partner, stated "This claim bears striking similarities to other claims we have filed against VSR involving similar alternative investments."
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 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.
The White Law Group