NEW YORK, March 02, 2016 (GLOBE NEWSWIRE) -- The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.nasd-law.com, provides notice to all United Development Funding IV (NASDAQ:UDF) investors with full-service brokerage accounts. Class action lawsuits have been filed against company and its officers only. Investors with full-service brokerage firms should consider all investment loss recovery options including, claims filed with the Financial Industry Regulatory Authority (“FINRA”) for sales practice violations. According to a study conducted by K&T, investors can expect to recover only a small fraction of their estimated damages through participation in a class action lawsuit.
According to securities attorney Steven D. Toskes, Esq., “The greater the investment loss, the more viable an individual securities arbitration claim becomes for recovery of investment losses. An individual arbitration claim filed with FINRA increases the likelihood of a larger recovery of your investment loss.” Mr. Toskes explains, “An individual securities arbitration claim for sales practice violations is based on facts specific to the handling of an individual investor’s entire brokerage account. As a result, investor-specific considerations provide the basis for recovery of losses from all of the securities held with a brokerage firm.”
Brokerage firms that sold and marketed investments in United Development Funding IV were obligated to conduct adequate due diligence of facts concerning the risks associated with the investments, including fraud. Investors in United Development Funding IV investors were told that these securities were suitable for current income investment objectives. Brokerage firms are obligated to give, and investors are entitled to rely upon brokerage firms for, suitable and competent investment advice in accordance with FINRA rules and regulations. Recommendations of unsuitable investments and/or failure to conduct adequate due diligence are both causes of action that form the basis for individual securities arbitration claims filed with FINRA.
About Klayman & Toskes, P.A.
K&T is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation, on behalf of retail and institutional investors such as non-profit organizations, public and multi-employer pension funds in large and complex securities matters. K&T has office locations in California, Florida, New York and Puerto Rico. Investors, with losses in excess of $250,000 in United Development Funding IV, or who have knowledge of full-service brokerage firm sales practices, contact us, or call Steven D. Toskes, Esq. at 888-997-9956.