FINRA Arbitration Filed Against Investors Capital Corp Over Alternative Investment Losses

PORTLAND, Maine - March 27, 2015 - PRLog -- The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of four Maine investors alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Investors Capital Corp unsuitably invested the client in the following alternative and high risk investments (among others):

NNN Britannia Business Center III 10
NNN St. Charles 24
ICON Income Fund 9
ICON Income Fund 10
ICON Income Fund 11
Commonwealth Income & Growth Fund V
Commonwealth Income & Growth Fund VI
Argus Realty DFW
NNN St. Charles
Behringer Harvard REIT I
Behringer Harvard Short-Term Opp. Fund I
Walton International Group
CORE Series 2007-A 8% Secured Debenture
COLE Credit Property Trust II

The claim seeks damages in excess of $1,000,000.

Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor.  It is alleged that Investors Capital Corp failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors.

Finally, it is alleged that Joseph Daigneault (CRD# 1065249) was the financial advisor of record at the time of the investment recommendations.

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional.  It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court.

For more information on the claim filed by The White Law Group, please contact the firm's Chicago office at 312-238-9650.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.