You May Have a Claim Against This Broker-Dealer If You Suffered Serious Losses

Shepherd Smith Edwards and Kantas is investigating potential legal claims on behalf of investors who suffered severe losses in Alexander Capital Ventures Series Delta-2 and Delta-3 funds. The high-risk private placements, which invested in foreign startup Tevva, were allegedly unsuitably recommended to retail clients and retirees despite steep upfront fees and significant conflict of interest.

Our broker fraud law firm is continuing to speak with investors who lost money in Alexander Capital Ventures Series Delta-2 or Delta-3. Managed by brokerage firm Alexander Capital, these are high-risk private Special Purpose Vehicles (SPVs) or series LLC funds that invested in foreign startup Tevva. There are concerns that they may have been unsuitably recommended to retail customers.

Already, Shepherd Smith Edwards and Kantas (investorlawyers.com) has filed a FINRA lawsuit against the brokerage firm for up to $500,000 after now-barred financial advisor Roger Allan Roemmich persuaded two retirees to invest in these special purpose vehicles. The Claimants, both retirees, are looking at a near total loss of their principal. Not only that, but Alexander Capital earned up to 13% in fees, commissions, and management fees upfront.

Why Are Alexander Capital Ventures Series Delta-2 and Delta-3 Unsuitable For Retail Customers and Most Retirees?

• Private placements and privately traded securities are often structured as a limited partnership. They tend to be unregistered investment offerings and very high-risk.
• Investors for Series Delta-2 and Delta-3 should be accredited investors. These investments require a certain level of experience to be able to understand the risks.
• With limited disclosures, it can be hard to obtain accurate information about these products. Determined “values” usually come from the issuer or an “independent” third-party appraisal.
• Because private placements will usually pay high commissions and fees, this can create a conflict of interest that can compel a broker to sell these investments to retail investors even though there are hundreds of other kinds of investments that are more suitable.

I’m An Alexander Capital Ventures Delta Series Investor. How Do I Know If I Have Grounds for a Claim Against My Broker?

The first step is to contact our private placement loss recovery attorneys today to request your free case assessment. Shepherd Smith Edwards and Kantas is familiar with these Delta Series limited partnerships. We can assess whether you were the victim of unsuitable investment recommendations, misrepresentations and omissions, Regulation Best Interest violations, supervisory failures, negligence, overconcentration, and more.

Determining whether you’ve been the victim of broker misconduct or negligence can be incredibly tough, which is why you need seasoned securities representation assessing the cause of your losses. If you sue, then you will need to file your Statement of Claim in FINRA arbitration.

Explore Your Legal Options Today

Call (800) 259-9010 or contact us online to schedule your free case assessment.