Were you recommended United Development Funding IV (UDF) by a financial adviser at a firm like Cetera Financial Group or Investors Capital Corp? If so, you can sue these firms to recover these investment losses. Brokerage firms have a duty to perform due diligence on investments prior to selling them to clients. We believe there were red flags that United Development Funding was a ponzi scheme. The failure to reasonably investigate these red flags can entitle investors to damages. While class action lawsuits have been filed against United Development Funding, burned investors can file FINRA arbitration claims against the brokerage firms who recommended investments in United Development Funding IV. We handle these cases on a contingency fee basis. Please call us for a no cost review by an experienced securities fraud lawyer.
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