FINRA Arbitration Filed Against Mutual Service Corp. Over Alternative Investment Losses

VENICE, Calif. - July 18, 2014 - PRLog -- The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of a California investor alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Mutual Service Corp. unsuitably invested the client in the following alternative and high risk investments (among others):

Atlas Public 17-2008(B)

Columbia Property Trust

Catchmark Timber Trust

First Trust Retirement

Piedmont Office Realty Trust

The claim seeks damages between $100,000 and $500,000.

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 Mutual Service Corp. failed to perform the necessary due diligence on these investments prior to recommending them to this particular investor.

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.