Did you lose money investing in Walton Bluff Springs Land?
Galvin Legal, PLLC is launching an investigation on behalf of investors who suffered losses investing in Walton Bluff Springs Land at the recommendation of their financial advisor. If you suffered losses investing in the investment, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim against the brokerage firm that recommended the investment.
If you suffered losses investing in Walton Bluff Springs Land and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Understanding the Investment: Walton Bluff Springs Land
Walton Land Fund Companies is an alternative asset management firm. Under SEC Regulation D, Walton Land Fund Companies is eligible to offer private placements to investors. In large part, Walton Land Fund Companies investments have been offered to investors through financial advisors and through registered brokerage firms.
According to its website, “Walton is an international real estate asset management company focused on pre- development land in the path of growth. Founded in 1979, Walton currently manages US$ 3.8 billion of real estate assets on behalf of investors from around the globe. Walton’s investment approach has multiple phases, including identifying the right parcel of land for acquisition, syndicating the land through investment structures best suited for our various global sales channels, managing the land during its hold period and ultimately divesting of the land for a projected overall profit…. Walton currently has 104,000 acres of land under ownership/management in the United States and Canada, with more than 83,000 acres throughout the southern smile of the United States in many of the fastest growing MSAs.”
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokerage firms that fail to conduct adequate due diligence on investments they recommend, such as Walton Bluff Springs Land, or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing in Walton Bluff Springs Land and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
