FINRA Arbitration Filed Against Regal Securities, First Allied, and Sagepoint Financial

SAN FRANCISCO - April 27, 2016 - PRLog -- The White Law Group announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration statement of claim against Regal Securities, First Allied, and Sagepoint Financial.  The claim seeks to recover alleged losses in excess of $1,000,000

The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of five investors alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Regal Securities, First Allied and Sagepoint Financial unsuitably invested the client in the following investments (among others):

GNL
Business Development Corp Of America

Arc Retail Centers Of America, Inc.

Arc Healthcare Trust, Inc.
American Realty Capital NYC REIT, Inc.

Commonwealth Inc. & Gr Private Fund III
Commonwealth Inc. & Gr Private Fund IV
Commonwealth Income & Growth Fund VI
Carter Validus

Ridgewood Energy (Z Fund)/NGAS
Strategic Reality Trust
USEnergy-Genesis Drilling Program II LP
US Dry Cleaning
Thompson National Properties

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 Regal Securities, First Allied, and Sagepoint Financial failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors.

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 888-637-5510.

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.