Tiburon Saltwater Reclamation Fund I Securities Fraud Investigation
The White Law Group announces a securities fraud investigation involving Tiburon Saltwater Reclamation Fund I.
- (1888PressRelease) October 04, 2017 - The Financial Industry Regulatory Authority has filed a complaint against an independent broker-dealer that allegedly involves Tiburon Saltwater Reclamation Fund I.
Approximately 170 investors allegedly purchased units in Tiburon Saltwater Reclamation Fund I, totaling approximately $12.5 million, according to that FINRA complaint. The fund’s private placement memorandum reportedly states that “its principal objectives are to preserve and protect investor capital and provide a long-term 15 percent return.”
The White Law Group is investigating the liability brokerage firms may have for recommending Tiburon Saltwater Reclamation Fund I to investors.
“Brokerage firms and financial advisers have a fiduciary duty to perform due diligence on any investment they recommend”, says D. Daxton White, Managing Partner of The White Law Group. “They must insure that each recommendation is appropriate in light of the investor’s age, net worth, income, investment experience, and investment objectives. If a broker or brokerage firm recommends an unsuitable investment, investors may have an actionable claim to recover their investment losses in a claim through FINRA dispute resolution.”
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm represents investors throughout the country in FINRA arbitration claims against their brokerage firm and financial advisors.
For a free consultation with a securities attorney, please call the securities attorneys of The White Law Group at 1-888-637-5510.
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