UDF Investors Retaining the Peiffer Wolf Carr & Kane Securities Lawyers for Class Actions and Cases Against Brokerage Firms That Recommended UDF Investments
Recently securities lawyer Joe Peiffer, a partner with the Peiffer Wolf Carr & Kane law firm, spoke with the Investment News regarding the United Development Funding fraud allegations. Attorney Peiffer stated that he and his colleagues have spoken with numerous UDF investors, are being retained by UDF investors, and are preparing to take action and seek compensation for the investors’ losses.
The Investment News article goes on to name some of the firms mentioned during the interview, that sold United Development Funding investments to investors across the country. Those firms include IMS Securities Inc., Berthel Fisher & Co. Financial Services Inc., Centaurus Financial Inc. and VSR Financial Services Inc.
Peiffer noted that these firms were not the only ones that sold the UDF REITs, but are the most widely discussed with investors.
UDF Losses – Investment Recovery Options
The Peiffer Wolf Carr & Kane lawyers are preparing to file cases on behalf of UDF investors, including class actions against a number of entities and individuals and FINRA arbitrations against brokerage firms that recommended to their clients investment products sponsored by United Development Funding.
The Peiffer Wolf Carr & Kane lawyers have been retained by UDF investors after a report alleged that United Development Funding IV, which was originally a non-traded REIT that later listed as a publicly traded REIT, operated for years like a Ponzi scheme. Following reports of an FBI raid to UDF’s head offices, NASDAQ halted trading of UDF IV shares, which have plummeted 81% over the last year.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of alleged Ponzi schemese and are currently investigating UDF’s alleged scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
The Peiffer Wolf Carr & Kane securities lawyers are currently investigating UDF, have been retained to prosecute claims on behalf of investors, and are preparing to take action and would like to talk to investors who purchased UDF shares. Investors who believe they lost money as a result of UDF’s alleged Ponzi scheme may contact the securities lawyers at Peiffer Wolf Carr & Kane, Joe Peiffer or Jason Kane, for a free no-obligation evaluation of their recovery options, at (216) 589-9280.