Stockbroker Negligence Lawyers

Did Your Advisory Group Equities Securities Broker Sell You ICap Investments?

Our Skilled Stockbroker Negligence Lawyers Are Investigating Investor Losses

In the wake of iCap Equity’s filing for bankruptcy, the Shepherd Smith Edwards and Kantas Stockbroker Negligence Lawyers (investorlawyers.com) are talking to the many investors who are struggling to figure out how to recoup their money. At least 1800 investors were marketed and sold iCap Regulation D private placements even when they may have been unsuitable investment recommendations. This includes many Chinese nationals, including those in the Washington State area, who were hoping to secure permanent US residency through the EB-5 visa program.

More than 20 US brokerage firms appear to have recommended iCap securities to clients, including Advisory Group Equities Services, which is also known as Ages Financial Services. Now, with iCap Equity seeking bankruptcy protection, its CEO’s resignation, the cessation of monthly interest payments, and other problems, Ages Financial Services brokers have come under scrutiny over why they opted to market these private placements to customers who likely should never have invested in illiquid, unregulated, risky investments to begin with.

With Reg D investments, the companies that offer them do not have to provide a lot of transparency unlike with registered securities. Combine that with someone being a novice investor who has a low-risk tolerance level. and there are growing questions about whether Ages Financial Services brokers should have done a better job of determining whether ICap private placements were suitable for certain clients from the start.

Not only that but also, many iCap investors are saying they were never fully apprised of the risks involved. This could also be grounds for a broker negligence lawsuit in the wake of their serious investment losses.

It is important to note that private placements, which are alternative investments, tend to pay financial advisors and their firms high commissions and fees. This may have been the motivation for selling iCap to so many investors. Through the assistance of independent brokerage firms, iCap Enterprises ended up raising $245M of investor funds.

 

Why Work With Our Reg D Private Placement Attorneys? 

Shepherd Smith Edwards and Kantas Stockbroker Negligence Lawyers have been representing US citizens and foreign nationals against US-based brokerage firms for decades. We have helped retail customers, unsophisticated investors, retirees, accredited investors, high-net-worth investors, and institutional investors in recovering damages from brokerage firms. With over a combined century’s worth of experience in securities law and the securities industry, we have the resources, knowledge, and savvy to pursue your claim against even the largest US broker-dealers.

Brokerage firms can be held liable for failing to properly supervise their financial advisors and the activities in your account. If your Advisory Group Equities Services broker sold you any of the following iCap investments and you sustained significant losses, we can help you determine whether you should sue your financial advisor and/or the brokerage firm during a free, initial assessment:

iCap

iCap Broadway

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

iCap Pacific Northwest Opportunity and Income Fund

iCap Pacific NW Management

iCap Realty

iCap Vault

iCap Vault 1

iCap Vault Management

Senza Kenmore

UW 17^th AVE

Vault Holding 1 (this is a publicly registered security)

VH 1121

VH 2^nd Street Office

VH Pioneer Village

VH Senior Care

VH Willows Townhomes

VH Vault Holding

725 Broadway

To schedule your free, no-obligation case assessment with our Stockbroker Negligence Lawyers:

Throughout the US: (800) 259-9010

International, through WhatsApp (text only): (713) 227-2400