United Development Funding investors represented by the Peiffer Wolf Carr & Kane lawyers have started filing cases against brokerage firms that improperly recommended that they invest in UDF products.
In the wake of recent news that UDF IV had received a Wells Notice informing it of the Securities and Exchange Commission’s intention to pursue enforcement action, and its continued suspension from NASDAQ trading, many UDF IV investors represented by the Peiffer Wolf Carr & Kane law firm have begun to take action.
The UDF investors are seeking compensation for their UDF investments from the broker-dealers who sold the UDF IV investment products. The investors alleged that such brokerage firms made improper recommendations , disregarding those investors’ risk tolerance and investment profile and failing to adequately disclose the risks associated with the UDF investments.
Hundreds of UDF IV investors have contacted the Peiffer Wolf Carr & Kane law firm to learn about their recovery options against the broker-dealers who sold inappropriate investment products.
The Peiffer Wolf Carr & Kane lawyers are preparing to pursue more cases on behalf of investors, against several other broker-dealer firms that sold UDF products. They typically take cases on a contingency fee basis with no money down, advance the case expenses, and only get paid for their fees and expenses if and when they recover money for their clients.
Brokerage firms are required to offer investors products that are appropriate to the investors’ needs and investment plans. Peiffer Wolf Carr & Kane attorneys have investigated the UDF IV case for months.
Investors who believe they lost money invested in UDF may contact the Peiffer Wolf Carr & Kane attorneys Jason kane or James Booker, at 216-589-9280, or via email at firstname.lastname@example.org for a free, no obligation evaluation of their recovery options.