We seek compensation on behalf of individual investors who lost savings they invested in private placements.

Private placements are investments that are generally non-traded and illiquid.  Many of them are suitable only for the most sophisticated and affluent investors.  Companies that raise money from investors through private placements often have minimal disclosure requirements.  Due to the lack of transparency, investors typically have to rely on their financial advisors to conduct the “due diligence” process as to the issuer and the private placement.  The due diligence process is required in order for the financial professionals to determine whether such investments are safe and appropriate for each investor.

We represent investors who were sold private placements that are either unsuitable for their investment profile, were offered in violation of the securities rules and regulations, or are outright fraudulent.  While most private placements are legitimate, those who are fraudulent can wipe out an investor’s life savings.  We have seen fraudulent or questionable private placements issued by entities such as:

  • Real Estate Investment Trusts (“REITs”);
  • Oil and Gas companies;
  • factoring businesses;
  • hedge funds;
  • technology companies;
  • import-export businesses;
  • mortgage companies;
  • insurance agencies;
  • ETC.

Those questionable or outright fraudulent private placements had two things in common: (1) they offered financial advisors sales commissions that were far higher than the industry norm, and (2) they were subjected to an inadequate due diligence process, if at all, before being offered and sold to investors.

Securities broker-dealer firms and financial professionals have a duty to verify the investments they recommend to their customers, before making such recommendations.  Any red flags surrounding the offering and/or the issuer must be thoroughly investigated.  Also, the investor’s risk profile must be taken into account before an investment recommendation is made.  We go after such financial professionals and/or their employers when they fail in their duties to adequately vet the investments they recommend and ensure that their customers are sold suitable investment products.

 Contact us and tell us about your case

We have represented hundreds of victims of investment fraud, against financial institutions that failed to discharge their duties and protect the investing public.  Each case is different and our past successes are not indicative of future results; we will be glad to review your case and advise you as to your options, at no charge.

We generally represent investors on a “contingency fee” basis, meaning we do not charge any legal fees unless and until we recover money for you.  Our general practice is to advance the case costs on the client’s behalf and recoup them out of (and up to) the amounts recovered.  A few jurisdictions (states) require the client to be responsible for the case costs; whenever that is the case we explain to the client what those costs entail.

If you believe you lost money you invested in a private placement, it is important to take action.  You may call at (585) 310-5140, email us, or contact us by using the “Contact” form on this page, and tell us about your case.  There is no charge for us to evaluate your case.