Stoltmann Law Offices is interested in hearing from investors who may have complaints regarding investments in the Vertical US Recovery Fund or the Vertical US Recovery Fund II. Both funds are securities offered through a private placement vehicle designed to raise capital for investments in mortgages or distressed mortgage notes. They were marketed by broker-dealers to retail investors. At least one of the funds may have stopped performing and may be subject to an Assignment for Benefit of Creditors, which is an alternative bankruptcy. It is possible that this has significantly depleted the value of certain investors’ interests in Vertical US Recovery Fund and Vertical US Recovery Fund II.
Private placements such as these are non-public offerings that are exempt from registration under federal securities laws. They allow broker-dealer firms to raise billions of dollars in the offering of private placements free from the cumbersome disclosures required of public securities. Typically, they are illiquid securities and issuers generally have no duty to offer liquidity to investors wishing to sell the placement back. Investors in these placements may only receive limited information about the placement’s issuer, as well as limited financial reporting about the security and its management. Many companies do not need to disclose information about their well-being or how well or poorly their investments are performing.
If you or someone you know has lost money in the Vertical US Recovery Fund or the Vertical US Recovery Fund II, we may be able to help recover that lost money in the Financial Industry Regulatory Authority (FINRA) arbitration claims process. Please contact us at your earliest convenience to speak to an attorney for free so we can discuss your options of recovering your investment losses.
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