Our Private Placement Loss Attorneys Investigate Investor Losses
HOUSTON, Jan. 19, 2024 /PRNewswire/ — A slew of brokerage firms allegedly engaged in misconduct or negligence when they promoted iCap securities to clients. Shepherd Smith Edwards and Kantas (investorlawyers.com) is investigating these broker-dealers, including Cambridge Investment Research, over growing concerns of liability for investor losses.
Some 1800 investors were reportedly sold an iCap investment issued by iCap Enterprises, which raised about $245M from them with the help of brokerage firms like Cambridge Investment Research. In return, broker-dealers earned high commissions of up to 10% and other fees from the sales. A number of iCap investors were Chinese nationals in the US who were hoping they would get green cards under the US-EB-5 Immigrant Investor Program.
The iCap investments that were sold:
iCap Broadway iCap iCap Campbell Way iCap Equity iCap Funding iCap Holding iCap Holding 5 iCap Holding 6 iCap Investments iCap Management iCap Pacific Development iCap Pacific Income 4 Fund iCap Pacific Income 5 Fund iCap Northwest Opportunity Fund
https://youtu.be/_umXRjpmwMY?si=5KPbFkFS036KFv3f
iCap Pacific Northwest Opportunity and Income Fund iCap Pacific NW Management iCap Realty iCap Vault iCap Vault 1 iCap Vault Management Senza Kenmore UW 17th AVE Vault Holding 1 VH 1121 VH 2nd Street Office VH Pioneer Village VH Senior Care VH Willows Townhomes VH Vault Holding 725 Broadway
In 2023, dividend payments were suspended. A few months ago, iCap filed for chapter 11 bankruptcy protection.
The Importance of Hiring Skilled Reg D Private Placement Lawyers
ICap investments, which were primarily in real estate, are Regulation D private placements. This makes them unsuitable for retail customers and inexperienced investors.
Reg D private placements tend to be illiquid and poorly regulated. They are unregistered securities offerings. Our Regulation D private placement attorneys understand the nature of these complex, nontransparent investments and know how to prove that broker-dealer negligence or misconduct was involved.
We are one of the most respected investment loss recovery firms in the United States and more than 90% of our clients have received full or partial financial recovery.
Call (800) 259-9010 today or contact us online if your Cambridge Investment Research broker sold you an iCap investment.
This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network
