Investor Lawyers Blog
Some brokers might be facing investigation from stockbroker arbitration lawyers after recommending that clients invest in DCM Alpha Fund LLC. According to the registration form filed with the SEC, DCM Alpha Fund is an unregistered pooled investment fund, which puts it in a different category than more traditional investments. However, some stockbrokers and/or investment advisors may have marketed it as a safe investment.
The Financial Industry Regulatory Authority (FINRA) has established strict rules for different age groups, risk tolerances, investment objectives and net worth. These rules are meant to help ensure that no investor is taken advantage of, especially the elderly who are at an age where high-risk investment can be catastrophic. Should a broker recommend a product like DCM Alpha Fund, he or she must believe that the investment is suitable given the customer’s life circumstances, risk tolerance, and other individual factors.
If you suffered significant losses as a result of investments in DCM Alpha Fund LLC or received an unsuitable recommendation of any unregistered investment from another stockbroker or financial advisor, you may be able to recover your losses through securities arbitration. To find out more about your legal rights and options, contact a stockbroker arbitration attorney at Law Office of Christopher J. Gray, P.C. at (866) 966-9598 or newcases@investorlawyers.net for a no-cost, confidential consultation.