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The White Law Group announces filing of a FINRA Arbitration claim against The Strategic Financial

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FINRA Claim Alleges Over-concentration in High-risk Private Placements

ACWORTH, Ga. - June 21, 2018 - eTradeWire -- The White Law Group filed and submitted a FINRA claim on behalf of an Acworth, Georgia couple alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that The Strategic Financial Alliance unsuitably invested the client in the following high risk private placement investments:

Atlas  Resources  Public  #18-2009(B)
Atlas  Resources  Series  28-2010  LP
Behringer  Opportunity  REIT  II
Behringer  Harvard  Multifamily  REIT  I
Behringer  Harvard  REIT
CB  Richard  Ellis
FS  Investment  Corporation
Inland  American  Real  Estate  Trust
KBS  REIT  II,  Inc.

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Leaf  Equipment  Finance  Fund  4
Redwood  Mortgage  Investors  IX
Redwood  Mortgage  Investors  VIII
Resource  Real  Estate  Investors  7  LP
Cole  Credit  Property  Trust  II

The claim seeks damages between $50,000 and $100,000.

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 The Strategic Financial Alliance failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors.

"It is unfortunate, but we believe that many more investors have suffered devastating losses due to the broker-dealer's failure to supervise and don't realize they have recovery options," said D. Daxton White, managing partner of The White Law Group.

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"Brokerage firms are required to supervise their advisors to ensure that they are complying with FINRA rules. If it can be determined that the financial advisor violated FINRA rules and the employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim."

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 without filing such claims in court.

For more information The White Law Group and the claim filed against The Strategic Financial Alliance, please contact the firm at 1-888-637-5510 or visit https://www.whitesecuritieslaw.com.

The White Law Group

Source: The White Law Group, LLC
Filed Under: Legal

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