Our Closed-End Fund Recovery Lawyers Represent Investors in FINRA Arbitration

Investors who suffered financial losses from high-risk investments like Priority Income Fund can seek restitution through experienced closed-end fund recovery lawyers. These specialized attorneys hold brokerage firms accountable for unsuitable recommendations via FINRA arbitration to help clients recoup their capital.

Are you an investor who suffered losses in Priority Income Fund? You might want to explore your legal options. Shepherd Smith Edwards and Kantas Closed-end Fund Rrecovery Lawyers (investorlawyers.com) have been investigating the broker-dealers that unsuitably recommended this risky, closed-end fund including the following:

Centaurus Financial
United Planners’ Financial Services of America
Ausdal Financial
Preferred Capital Securities
Moloney Securities
Wedbush Securities
Other brokerage firms

We are already representing Priority Income Fund investors against a number of these firms. We expect there to be more investment loss recovery claims in the works over this closed-end fund.

Why Was Priority Income Fund Sold To Retail Investors?

Brokers sold Priority Income Fund to customers, including retail investors, even though this high-risk, complex product was not suitable for unsophisticated investors with low-risk tolerance levels.

These financial advisors earned high upfront commission of up to 6% of the invested amount. This has been a huge financial incentive for selling this closed-end investment fund, which is involved in senior secured loans and collateralized loan obligations (CLOs), regardless of whether or not they were a good fit for the customer. Not only that but at least 80% of Priority Income Fund’s assets are in junk debt, including equity and junior tranches of CLOs

Why Are Priority Income Fund Investors Losing Money?

The CLO-concentrated closed-end fund has seen the value of its assets dramatically drop in price. While its initial offering price was at around $00 per share, Priority Income Fund is now looking at a $3.15 pers share Net Asset Value (NAV).
Unsuitable investment recommendations by brokers, as well as their alleged misrepresentations or omissions of the risks, have left a number of investors blindsided by the level of losses they have now sustained.
Illiquidity issues have kept investors stuck with this product. Quarterly tender offers and repurchase programs have not been able to meet investor redemption requests.
While the Fund touted high distribution rates, these were actually a result of a declining share price as opposed to healthy returns.

Do You Have A Priority Income Fund Loss Lawsuit On Your Hands?

If you sustained serious losses in this closed-end fund investment, or you cannot get out and are now stuck with the much reduced $3.15/share NAV price, it is important to explore your legal options right away. Shepherd Smith Edwards and Kantas Closed-end Fund Rrecovery Lawyers can help you assess whether broker misconduct or negligence played a part.

We represent Priority Income Fund in recouping their losses from the financial advisors that marketed and sold them this investment.

Call (800) 259-9010 or contact us online today.