UDF Investors Lawyers File More Claims Against Broker-Dealer Firms That Sold UDF Products

California stockbroker fraud attorneyUnited Development Funding investors in UDF IV, UDF V, and other UDF-sponsored programs continue to hire the Investors’ rights attorneys at the Peiffer Wolf law firm to try and seek compensation for their UDF losses, from securities broker-dealer firms that sold such UDF products to investors.

UDF programs, including UDF IV and UDF V, were improperly recommended and sold to some investors by several broker-dealer firms, according to Peiffer Wolf attorney Joe Peiffer, who is overseeing the prosecution of UDF cases against broker-dealer firms on behalf of UDF investors.

A large and growing number of such investors continues to file claims through the Peiffer Wolf law firm against broker-dealer firms that recommended and sold them UDF investments without having a reasonable basis to do so, according to the allegations in the pleadings.

Attorney Joe Peiffer stated that “brokerage firms have a duty to ensure that investments they recommend to their customers are suitable for investors’ investment profile. They also have a duty to ensure that they have a reasonable basis before recommending any investment product to members of the investing public. We will continue to hold liable those investment firms that fail to fulfill these duties to their customers.”

The number of pending UDF claims filed by the Peiffer Wolf law firm continues to grow, with more cases pending and some of the earliest-filed cases already resolved.  Of course, each case is different and its resolution depends upon its own merits, and past successes are not indicative of future results.

Investors who believe they lost money invested in UDF may contact the attorneys at Peiffer Wolf, Joe Peiffer, James Booker, or Greg Gipson, at 504-523-2434, or via email at jpeiffer@pwcklegal.com for a free, no-obligation evaluation of their recovery options. Contingency fee representation is available, with no down payment. The Peiffer Wolf law firm typically advances the case costs and only gets paid for the costs it advanced and its fees if and when it recovers money for the clients.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.