Private Placement Scams - Be Careful!

Stockbroker Law - Friday, January 07, 2011
Private Placement Scams - Be Careful!

We have been representing a number of hardworking individuals approaching retirement age, who have been convinced to place a significant portion of their life savings in shady private placement investments.  Private placements are generally illiquid and unmarketable investments usually designed for high net worth individuals.  Investors in private placements are generally required by Regulation D to meet the “accredited investor” standard, which includes a net worth exclusive or private residence in excess of $1,000,000.00, or earned income over the past two years in excess of $200,000.00 – very few Americans meet these parameters. 

 

Unfortunately, unscrupulous financial advisers will “fudge” these forms to lure unwitting and unsuited investors who can ill afford to lose their monies in private placement investments meant only for those who can afford to lose all of their investment. 

We offer a free initial consultation to investors who feel they have been taken advantage of by the wrongful suggestion of private placement investments.

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