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Spartan Capital Securities and Alzamend Neuro, Inc. (ALZN): Multi-Million Dollar Claim Filed Against Spartan
The Levin Papantonio Rafferty law firm has filed a claim in FINRA Arbitration against Spartan Capital Securities regarding sale of Alzamend Neuro (ALZN) stock to a customer of Spartan. The claim seeks multiple millions of dollars of damages. Levin Papantonio Rafferty is interested in speaking with other investors who were sold Alzamend stock by their Spartan Capital Securities broker or financial advisor or other brokers and broker dealers.
Lawsuits Filed for CION Investment Corp. (CIC) Investment Losses
The Levin Papantonio Rafferty law firm currently represents customers in claims to recover their investment losses in CION Investment Corp. On Tuesday, October 5, the shares of CION Investment Corp. began trading on the New York Stock Exchange under the ticker “CION.” Unfortunately for investors, shares closed trading on October 5 at $11.85 – representing a loss of over 40% of the principal for investors who purchased shares of CION at $10/share (shares underwent a reverse share split in September, resulting in an approximate halving of investors shares).
Claims Filed Regarding Former Sarasota Financial Advisor Marc Korsch for Sale of Allegedly Speculative and High-Risk REITs and Illiquid Investments to Retirees
The Levin Papantonio Rafferty law firm announced today that it has filed claims on behalf of retiree investors who are former clients of Sarasota-area Financial Advisor Marc Korsch and NAV Advisors. According to his FINRA Brokercheck report, Mr. Korsch’s securities registration terminated last week on Friday, September 3 – which may leave clients stuck with illiquid investments that they cannot sell.
Moody National REIT II – Investors May Have Right to Recover Losses
Investors in Moody National REIT II may have suffered devastating losses. Moody announced that its Board had decided to postpone the valuation of Moody National REIT II shares on August 5, 2021. In the past Moody declared its updated NAV at the end of the calendar year, but Moody has yet to update its NAV since December 2019.
The Parking REIT (MVP REIT II) – Investment Loss Recovery
Parking REIT investors may have suffered losses of over 75% of their investment principal, based on recent tender offers of less than $6.00 per share made by MacKenzie Capital Management. Furthermore, data from limited secondary trading data sources shows a sale in June 2020 for amounts as low as $5.01 per share. The Parking REIT’s board estimated the share value at $11.75 as recently as June 2021, but even if that share value estimated was correct investors who paid $25.00 per share may have lost over 50% of their investment principal.
Atlas Growth Partners LP Red Flags – Investors May Be Entitled to Recover Losses
Atlas Growth Partners LP was a high risk limited partnership dedicated to developing and producing natural gas, crude oil and NGLs. Based on Atlas Growth Partner’s SEC Filings, investors who were sold Atlas Growth Partners may have lost almost 99% of their investment principal. Atlas Growth Partners recently disclosed in a filing with the SEC that there were “significant risks and uncertainties related to our inability to satisfy our current liabilities raise substantial doubt about our ability to continue as a going concern.
Didi Global Stock Lawsuit- Investors May have Individual Right to Recover their Losses
Investors who purchased shares of Didi Global, the Chinese ride-sharing company, may have the right to file their own claim to recover their losses. While there are currently uncertified class actions that have been filed, securities class actions frequently result in notoriously small settlements as a percentage of the damages suffered by class members.
Complex ETF Lawsuit – Brokers May Be Liable for Unsuitable Recommendations Including Inverse and Leveraged ETFs
If your broker recommended you invest in complex, non-traditional, leveraged, or inverse ETFs, you may have a right to bring a claim to recover losses you may have suffered.
FS Investment Corporation II – Investors May be Entitled to Recover their Losses
If your broker recommended you invest in FS Investment Corporation II, you may have a legal claim to recover losses you have suffered.
HMS Income Fund Losses – Investors May Be Entitled to Recover Their Losses
MSC Income Fund, formerly known as HMS Income Fund, is a principal investment fund that works to provide debt and equity financing solutions primarily to private U.S. companies. According to Hines Securities’ website, a new advisory agreement approved by HMS Income fund’s shareholders, the subsidiary of Main Street Capital Corporation that had been serving as the Fund’s sub-advisor is now the sole investment advisor and administrator of the Fund. Because of this transaction, HMS Income Fund is now known as MSC Income Fund, Inc.