The Time To Explore Your Legal Options Is Now

Shepherd Smith Edwards and Kantas is actively investigating substantial investor losses tied to Velocis Fund III, a speculative and risky real estate fund that may have been unsuitably marketed to retail investors and retirees. The law firm is offering free consultations to affected investors, noting that individuals may be entitled to financial recovery if brokerage firms like RBC Capital Markets prioritized high commissions over their clients’ best interests.

If you are an investor who sustained losses in the Velocis Fund III, Shepherd Smith Edwards and Kantas (investorlawyers.com) wants to talk to you. This speculative, risky investment should not have been sold to retail investors or conservative retirees, yet we have spoken to a number of them who are reporting substantial losses.

Brokers have a duty to ensure that any investment recommendation they make is suitable for a customer, and they must properly apprise investors of all risks. That doesn’t appear to have happened for a number of Velocis III Fund investors, who now must live with the financial consequences.

This vintage real estate value-added fund, which was able to obtain at least $298M in equity, belongs to the Velocis Fund family. It concentrates on value-added commercial real estate properties involving the beauty sector, the oil industry, multi-family residential properties, and medical-related properties.

What Are the Broker Misconduct Allegations Involving Velocis Fund III?

RBC Capital Markets and other brokerage firms have come under scrutiny over their sale of this alternative investment to customers.
There are concerns that financial advisors may have opted to prioritize the high fees and commissions they could earn from selling this vintage real estate fund, as opposed to ensuring that Velocis Fund III was in the best interests of these customers.

Financial advisors who sold Velocis Fund III may also be facing allegations of:

Unsuitability
Misrepresentations and omissions
Violations of Regulation Best Interest
Failure to supervise
Breach of contract
Breach of fiduciary duty
Negligence
Gross negligence
Breach of contract
Vicarious liability
Fraud

If you have grounds for suing your broker, and you hire knowledgeable securities attorneys to represent you, losses that you may receive compensation for may include one or all of the following:

Losses incurred from transactions made or not made.
Lost opportunities.
Recission of transactions.
Statutory damages.
Punitive damages.
Legal costs.
Other relief.

Why Should I Hire a Broker Misconduct Attorneys to Represent Me in My Velocis Fund III Lawsuit?

Going after a financial advisor for your investment losses is challenging, as is winning a case in FINRA arbitration. This is not the kind of legal claim you want to make without experienced securities representation on your side.

Your securities fraud lawyer should have a record of handling complex cases involving alternative investments, including real estate funds. They should know how to win awards for investors in arbitration.

Talk To Shepherd Smith Edwards and Kantas Broker Misconduct Attorneys About Your Velocis Fund III Losses

We secured awards and negotiated settlements for thousands of investors. Call our Broker Misconduct Attorneys at (800) 259-9010 or contact us online to schedule your free case consultation.