New York Securities Fraud Lawyers Blog
Malecki Law takes a proactive and informed approach to the financial news of today: actively engaging in fact-finding analysis on prospective cases from around the world. Our thorough knowledge of securities law’s history and fine points makes us ideal consultants for investors who have suffered losses due to misadvice from their broker or other financial counsel. Information on a selection of funds and companies currently under investigation by Malecki Law can be found below. Our pursuit of excellence is constant, but our opportunities to make lasting positive change to the securities industry begin and end with determined clients who seek justice.
Malecki Law is currently investigating Financial Industry Regulatory Authority (FINRA) brokerage firms who have advised customers to purchase a private placement called LaeRoc Income Funds, LP. LaeRoc is a real estate investment firm started in 1988, creating and owning property throughout the United States. Among those who sold the funds to investors are LPL Financial and Commonwealth Financial Network. We believe these investments were often marketed as modest, fixed income products.
The LaeRoc 2005-2006 Income Fund, LP is presumed to be at least $49 million in debt and presently aims to raise $12 million to $15 million, with lenders threatening foreclosure. The Fund currently owes $105 million dollars in total mortgage debt. Such an urgent pursuit of fast cash is a foreboding sign for investors. Malecki Law is researching a potential failure on the part of brokerage firms to properly disclose risk.
The Securities Act of 1933 require brokerage firms issuing private placements such as LaeRoc’s funds to conduct reasonable investigations into the liability of such placements. Failure to do so may produce cause for action against the firm who issued the fund to its customer.
It is the right of any and all investors who believe they may have suffered losses as a result of recommendations of their financial advisor to contact our offices to explore their legal rights and options. If you or a family member invested in LaeRoc Income Funds, LP, contact the securities fraud lawyers at Malecki Law for a free consultation and case evaluation at (212) 943-1233.