Alternative Investment Loss Lawyers

Did You Invest in Private Placements That Were Too Risky For You?

Our Alternative Investment Loss Lawyers Are Investigating Brokers That May Have Unsuitably Marketed Legion Capital Corp. To Customers

Private placements are typically risky, illiquid investments and ideally should only be recommended to accredited investors that meet certain income level thresholds and/or are financially sophisticated. That said, even experienced, wealthy investors fall victim to unsuitable recommendations by a broker.

Shepherd Smith Edwards and Kantas ( are currently investigating the financial advisors that may have unsuitably recommended private placements in Legion Capital Corp. to customers. We are speaking with retail investors, retirees, elderly investors, high-net-worth investors, institutional investors, and others.

Unsuitable Alternative Investment Recommendations Happen Way Too Often

Bloomberg lists Legion Capital as a private equity and venture capital firm that specializes in direct investments in small to mid-sized companies and also emerging companies. It also is involved in buyouts, acquisitions, bridge funding, development, acquisition, and growth capital transactions.  As an alternative investment, Legion Capital has always been high-risk, speculative, and illiquid without much disclosure required. It was never suitable for inexperienced retail customers and conservative older retiree investors.

And yet, despite the risks and other requirements involved, this may not have stopped certain brokerage firms from recommending and selling Legion Capital to customers, some of whom may not have been apprised of the kind of investment they were taking on. One possible reason may have been the high commissions that broker-dealers and their financial advisors are able to earn from pushing these types of alternative investments onto investors.

Consider that brokerage firms have a duty to conduct proper due diligence into any product or company that they recommend to investors, ensure it is an appropriate fit given the latter’s investing profile, financial goals, and risk tolerance level, as well as fully disclose all risks. The failure to do any of these may be grounds for a broker negligence lawsuit by a customer that ends up losing money.

How Can Our Alternative Investment Loss Attorneys Help?

If you suffered significant investor losses in Legion Capital Corp., our trusted alternative investor loss lawyers can help you determine whether broker fraud or negligence was involved. Even if you are an accredited investor, if your financial advisor made omissions about the risks or overconcentrated your account in too many private placements, we may be able to help you sue your broker-dealer for damages.

Brokers have a duty to act in the best interests of each client, to whom they owe a duty of care. Because it can be difficult to determine whether broker misconduct or carelessness was a factor, you want seasoned private placement fraud attorneys that are experienced with these types of investments and who have the resources, knowledge, and skills to pursue your financial recovery in arbitration, litigation, or mediation.

It is important that you do not try to address your dispute directly with your brokerage firm as many typically will not admit to wrongdoing. Some may even stonewall you, which could hurt your investor loss claim in the long run. Because in your contract to work with your broker you likely signed a clause in which you agreed to go to arbitration to resolve your dispute, your best bet is to file a FINRA lawsuit for damages, which is where our savvy securities law firm may be able to help.

Shepherd Smith Edwards and Kantas are dedicated to fighting for investors while protecting their legal rights. For over 30 years, we have helped clients like you. Over 90% of those we have represented have received full or partial financial recovery. We have collectively recovered many millions of dollars for investors.

Call (800) 259-9010 today to request your free, no-obligation case assessment with our Alternative Investment Loss Lawyers.







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