{"id":28881,"date":"2022-11-16T23:04:16","date_gmt":"2022-11-17T05:04:16","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=28881"},"modified":"2022-11-16T23:09:16","modified_gmt":"2022-11-17T05:09:16","slug":"due-diligence-failures-may-be-grounds-for-a-finra-lawsuit","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/due-diligence-failures-may-be-grounds-for-a-finra-lawsuit\/","title":{"rendered":"Due Diligence Failures May Be Grounds for a FINRA Lawsuit"},"content":{"rendered":"

\u00a0<\/strong>Alleged Unsuitability and Due Diligence Failures May Be Grounds for a FINRA Lawsuit<\/strong><\/p>\n

If you are someone whose financial advisor recommended one of the TCA Global Credit Funds to you, there may be reasons to sue your broker-dealer for damages. In 2020,\u00a0TCA Fund Management Group Corp. and key executives were accused of securities fraud, including allegedly fraudulently inflating the net asset values and performance outcomes of a number of its funds. This purportedly led to hundreds of investors being defrauded while leaving its funds, which allegedly falsely held about $516M, in serious trouble. Affiliated company TCA Global Credit Fund GP Ltd.\u00a0also was accused of investor fraud.<\/p>\n

Shepherd Smith Edwards and Kantas (investorlawyers.com<\/a>) are working with a number of TCA Global Fund investors to determine whether they have grounds for a FINRA lawsuit. Unfortunately, it appears that alleged due diligence failures, unsuitability, misrepresentations and omissions, and broker negligence may have been factors when certain brokers marketed and sold one of these TCA Funds to customers:<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a0Alleged Unsuitability and Due Diligence Failures May Be Grounds for a FINRA Lawsuit If you are someone whose financial advisor recommended one of the TCA Global Credit Funds to you, there may be reasons to sue your broker-dealer for damages. In 2020,\u00a0TCA Fund Management Group Corp. and key executives were accused of securities fraud, including […]<\/p>\n","protected":false},"author":2,"featured_media":28890,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nFINRA Lawsuit: Due Diligence Failures May Be Grounds<\/title>\n<meta name=\"description\" content=\"\u00a0Alleged Unsuitability and Due Diligence Failures by your broker-dealer May Be Grounds for a FINRA Lawsuit to be filed\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/due-diligence-failures-may-be-grounds-for-a-finra-lawsuit\/\" 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