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Did Your Tigress Financial Partners Broker Unsuitably Recommend A Participant Capital Fund To You? Our Investor Loss Recovery Attorneys Are Investigating Claims
Shepherd Smith Edwards and Kantas Investor Loss Recovery Attorneys (investorlawyers.com) are looking into claims of losses by current and former customers of Tigress Financial Partners involving the sale of Participant Capital investments. According to Participant Capital’s website, the alternative asset firm invests in “ground-up development, distressed, and value-add real estate projects in the Sun Belt States,” and Puerto Rico. Multi-family, mixed-use, residential, commercial, hospital, and medical office facilities are among the properties involved, as well as the following:
- The Legacy Hotel & Residences in Miami
- The Grand Reserve in Puerto Rico
- The Assemblage in St. Petersburg, FL
- Elevate in Dania Beach, FL
- Tuscany Village in Florida
- Grand Reserve Luxury Hotel I in Puerto Rico
- Grand Reserve Luxury Hotel II in Puerto Rico
- Aventura Master Plan in Florida
- Nautilus 220 in Lake Park, FL
Individual investors are given the chance to back some of these well-known real estate development projects that include exclusive residential and hotel brands. To get involved, they may have been sold investments in either the Participant Capital Fund I, LP or the Participant Growth Fund, LP by a financial advisor.
However, what your broker may have failed to tell you is that these are high-risk private placement investments. Typically sold by broker-dealers in exchange for high fees of 7-10%, as well as 1-3% in due diligence fees, if you are a retail investor or a conservative retiree, the Participant Capital investments may have been unsuitable for you from the start.
In particular, we are investigating brokerage firm Tigress Financial Partners and whether its financial advisors unsuitably marketed and sold the Participant Capital Fund I or the Participant Growth Fund to customers.
Why Private Placement Offerings, Such As The Participant Capital Fund I, LP or the Participant Growth Fund, LP Can Be Risky Investments
Often used by companies to raise investor monies, private placements are supposed to be only offered to a limited pool of investors—whether accredited investors or ones that qualify by meeting certain criteria/satisfying specific exemptions. Private placements do not have to be registered with the SEC, and they can be non-transparent while offering few details about what the investments involved.
Private placements are considered Regulation D offerings. Their issuers are required to submit a “Form D” to the Commission to let the regulator know they are raising money via an unregistered security offering.
Reg D private placements tend to be illiquid. Reselling them can likely only happen if the investor has their own exemption. Factor in the inherent risk involved in real estate investments, and investors, including accredited ones, could be vulnerable to serious losses.
Investor Loss Recovery Attorneys Investigating Participant Capital
Our private placement lawyers can help you determine whether any Participant Capital losses you suffered warrant grounds for pursuing damages from your Tigress Financial Partners broker or another financial advisor.
Reg D offerings can be complex investments, and you want to work with a knowledgeable law firm that knows how to determine whether broker misconduct or negligence played a role. Should we decide to work together, we can maximize your chances for a full recovery.
Call our Investor Loss Recovery Attorneys at (800) 259-9010 or fill out this form to schedule your free, no-obligation case consultation. You can also reach out directly to one of our Florida private placement fraud lawyers at (813) 560-2992.