Explore Your Legal Options With One Of Our Trusted Collateralized Loan Obligation Loss Attorneys

Our Income Fund Loss Lawyers at Shepherd Smith Edwards and Kantas are actively investigating brokerage firms that unsuitably recommended Priority Income Fund to retail investors and retirees who are now facing massive portfolio losses. These experienced securities attorneys assist affected clients in evaluating their legal options and pursuing financial recovery through FINRA arbitration for misrepresented risks, excessive fees, and severe NAV declines.

As a Priority Income Fund investor, you may be wondering about the recent losses to your investment. Shepherd Smith Edwards and Kantas (investorlawyers.com) can help you figure out what happened and whether you have grounds for suing your financial advisor.

Why Priority Income Fund Investors Are Looking At Financial Losses

• Sold at an initial offering price of $15/share, this closed-ended investment fund recently reported a net asset value (NAV) of $3.15/share. That is a huge decline in value.
• More than 80% of its portfolio is in equity tranches of collateralized loan obligations (CLOs) and risky junior debt. Distressed exchanges, elevated loan defaults, and declining loan spreads have resulted in massive investment losses.
• High upfront fees charged to investors created a financial deficit from the start.
• Strict redemption caps and huge proration on tender offers haven’t done much to help investors of thisnon-traded closed-end fund.
• Extreme illiquidity and oversubscribed tender offers can keep investors stuck in this investment.
• There are brokers that may have unsuitably recommended Priority Income Fund to investors. While financial advisors were allowed to sell Priority Income Fund to retirees and retail investors, our investment loss recovery lawyersare examining whether the level of risk involved, including in illiquid collateralized loan obligation (CLO) equity and junior debt tranches, made it an inappropriate recommendation for many non-accredited individual investors.
• There are growing concerns that broker-dealers failed to fully explain the risks involved to investors, including how there can be a significant decline in value when there are rising defaults in the underlying loan pools or a credit crisis.
• Because Priority Income Fund uses leverage to enhance yields, this can lead to magnified losses.

What Can Priority Income Fund Investors Do To Recoup Their Losses?

• It is important that you contact our skilledPriority Income Fund loss attorneys so we can provide an assessment of what caused your investment losses.
• You may be able to pursue financial recovery from your broker if they unsuitably recommended this closed-end fund given your investor profile, financial goals, and risk tolerance level.
• Other possible legal grounds for suing your financial advisor may include overconcentration, due diligence failures, Regulation Best interest violations, negligence, supervisory failures, and more.
• Do NOT try to resolve your concerns directly with your broker-dealer. Most brokerage firms would rather deny wrongdoing than pay you anything.

I’m A Priority Income Fund Investor. How Do I Sue My Broker?

You will have to make your claim in FINRA arbitration. This is not something you want to do without the help of a seasoned securities law firm.

Our Priority Income Fund Loss Lawyers Represent Investors Against Brokerage Firms

Shepherd Smith Edwards and Kantas Income Fund Loss Lawyers represents retail investors, retirees, accredited investors, institutional investors, and high-net-worth investors against US broker-dealers. We handle simple broker fraud claims, as well as complex recovery cases involving different kinds of alternative investments.

When you work with us, you can rely on receiving quality securities representation and personalized attention.

Explore Your Legal Options To Discuss Your Priority Income Fund Losses

Call our Income Fund Loss Lawyers at (800) 259-9010 or contact us online to request your free case consultation.