Did You Suffer Serious Losses in Alternative Investments Recommended By Your Broker? Fired Investment Network Broker Vincent Pucciarelli Under Scrutiny Following Alleged Pre-IPO Private Placement Sales
If you are an investor who sustained significant losses in pre-IPO private placements that were sold to you by former New Jersey financial advisor Vincent Pucciarelli, please contact Alternative Investment Loss Lawyers at Shepherd Smith Edwards and Kantas (investorlawyers.com). The ex-Investment Network stockbroker, who was fired by the brokerage firm in August, also was barred by the Financial Industry Regulatory Authority (FINRA) after he refused to testify in an ongoing investigation into his purported selling of these alternative investments.
Pre-IPO private placements—also called pre-IPO investments/pre-IPO funding—are investments made in a company prior to when its shares are placed on a stock exchange through an initial public offering. It is important to know that pre-IPO private placements can be complex and high-risk investments.
While there is the opportunity to possibly make significant returns if the company does well after going public, there is also the possibility it could perform badly. Because a company in the pre-IPO stages is not a very well-known entity, it has no performance record to look back on to make an informed assessment of what any future performance might be like. Pre-IPO investments also tend to be limited in their liquidity with no established market that an investor can turn to if they want to sell their shares. There may even be a lock-up period when an investor is not allowed to sell their shares for a set period following the IPO.
Pre-IPO private placements are not suitable for most retail investors, conservative retirees, and inexperienced investors who have low-risk tolerance levels. Depending on their financial goals, they may even be unsuitable for certain accredited investors.
Brokers have a duty to conduct the proper due diligence into any investment and only recommend ones that are suitable for a client given their specific investing profile. They also need to make sure that an investor understands the nature and risks they are taking.
How Can Our Savvy Alternative Investment Loss Lawyers Help?
At Shepherd Smith Edwards and Kantas, we can determine whether your investment losses were caused even in part by unsuitable investment recommendations, due diligence failures, misrepresentations and omissions, excessive trading, or other types of broker misconduct.
Over the years, our Alternative Investment Loss Lawyers have helped thousands of investors collectively recover many millions of dollars from negligent brokerage firms and their registered representatives. By contacting us during your free, no-obligation case assessment, we can help you determine whether you have grounds for a broker-dealer negligence claim related to your pre-IPO investment losses.
Should we agree to work together, our securities law firm will provide you with quality legal representation. This may include investigating the cause of your losses, filing a solid FINRA lawsuit on your behalf, and fighting for you before the panel of arbitrators.
This is not the type of legal claim that you want to pursue without trusted investment loss recovery attorneys fighting for you.
How To Contact Us:
Call (800) 259-9010 today or email us online.