Our Regulation D Private Placement Loss Lawyers Are Representing These Claimants in Their Six-Figure Lawsuit

Two Idaho investors have filed a FINRA arbitration lawsuit against WealthForge Securities seeking up to $500,000 for unsuitable recommendations involving Greenbacker Renewable Energy. Represented by Shepherd Smith Edwards and Kantas, the claimants allege the illiquid Regulation D private placement caused severe losses following massive declines in the company’s net asset value.

Two Idaho investors are suing WealthForge Securities for up to $500,000 after they suffered losses in Greenbacker Renewable Energy. This start-up was sold as a Regulation D private placement and was unsuitable for these Claimants. Shepherd Smith Edwards and Kantas (investorlawyers.com) is their securities law firm that will be representing them in FINRA arbitration.

These investors made it clear that they did not want undue risk. They were seeking short-term investments that offered liquidity. Instead, WealthForge Securities unsuitably recommended Greenbacker Renewable Energy, which is completely illiquid and cannot be resold on a secondary market.

In their FINRA lawsuit, the Claimants are accusing the brokerage firm of unsuitability, misrepresentations and omissions, excessive concentration, failure to supervise, breach of contract, Regulation Best Interest violations, breach of fiduciary duty, vicarious liability, and more.

What Is Greenbacker Renewable Energy And Why Is It Only Suitable For Accredited Investors?

• This non-traded limited liability company is run as an independent power producer.
• Greenbacker Renewable Energy acquires, runs, and builds sustainable infrastructure and renewable energy assetsmostly involving commercial solar farms, onshore wind facilities, and battery storage systems.
• Revenue is made through the sale of clean electricity made by these these physical assets through long-term contracts with corporations, utilities, and municipalities.
• Its main investment offerings are raised mostly under SEC Regulation D private placements, which should only be sold to accredited investors.
• Greenbacker Renewable Energy’s shares are non-traded, which means there is no public market to resell them.
• Unless death or disability is involved, share repurchases are not an option.

Why Are Greenbacker Renewable Energy Investors Suing Their Brokers?

• This company recently experienced a huge decline in net losses, including $242M in 2024 and about $214.9M in 2025. Its net asset value (NAV) recently saw a huge drop, including a proposed acquisition this year that suggested a share value of around $1.71. That is an 83% decline from initial offering prices. The company ceased paying investor distributions in 2024 and repurchases were stopped in 2023.
• There are concerns that brokers, who were paid high commissions and fees for selling Greenbacker Renewable Energy made unsuitable investment recommendations, failed to conduct the proper due diligence, disregarded customers’ best interests, misrepresented or omitted the risks, or committed some type of broker fraud or misconduct.

Why Do You Need To Hire Skilled Reg D Offering Attorneys For Your Greenbacker Renewable Energy Case?

• Reg D offerings tend to be unregistered and often complex investments. This can make investment loss recovery claims challenging to win.
• You want to hire experienced Regulation D private placement loss lawyers that have an in-depth understanding of Greenbacker Renewable Energy, what went wrong, and why brokers should be held liable for marketing and selling them to customers.
• You will likely have to make your case in FINRA arbitration, and you want a trusted securities law firm like Shepherd Smith Edwards and Kantas that has a strong record for securing awards from brokers in this legal forum.

Contact Our Greenbacker Renewable Energy Loss Lawyers Today

Our Reg D private placement law firm is representing a number of Greenbacker Renewable Energy investors against their brokerage firms. Call us at (800) 259-9010 or contact us online to schedule your free case assessment.