Investor Lawyers Blog
Investors in private placement securities sold by brokerage firm Herbert J Sims & Co., a/k/a HJ Sims may have potential arbitration claims, if their investment was recommended by a financial advisor who lacked a reasonable basis for the recommendation, or if the nature of the investment was misrepresented by the stockbroker or advisor.
HJ Sims has reportedly offered to investors a number of private placement investments that the firm itself structures and establishes. These so called Regulation D private or “Reg D” private placement offerings sold by HJ Sims have reportedly totaled about $2.2B billion in principal value sold. Reportedly HJ Sims sold 84 separate private placements. Some of the private placements sold by HJ Sims are the following:
- Fountains Acquisition Finance