Did you suffer losses in a Walton Land Fund Companies offering?
Galvin Legal is launching an investigation on behalf of investors who suffered losses investing in private placements offered by Walton Land Fund Companies at the recommendation of their financial advisor. If you suffered losses investing in a Walton Land Fund Companies private placement, then Galvin Legal 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.
Understanding the Investments: Walton Land Fund Companies
Walton Land Fund Companies is an alternative asset management firm. Under SEC Regulation D, Walton Land Fund Companies offers 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.
Essentially, Walton’s stated business plan is to acquire and hold undeveloped land until it can be sold for development at a future date. But the vast majority of the company’s 345 North American land projects have reportedly passed their projected sales date. Walton and its investors profited after buying land cheaply following a deep Alberta recession in the 1980s, but the Company has reportedly failed to successfully execute the same playbook in its subsequent funds. Investors began to worry in 2017, when certain Walton entities filed for creditor protection in Canada.
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.”
Walton Land Fund Companies Offerings
Your Brokerage Firm May Be Liable for Unsuitable Investment Guidance
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. One of the most important securities regulations is FINRA Rule 2111. Under this rule, often referred to simply as the suitability rule, financial advisors and broker-dealers must only recommend and sell securities that are reasonably appropriate for the investment experience, needs, and objectives of each individual client. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
Filing a FINRA Arbitration Claim
If your broker or brokerage firm recommended or offered Walton Land Fund Companies investments, and you suffered significant investment losses as a result, you may be eligible to recover compensation through a FINRA arbitration claim. In most cases, investors are required to sign customer agreements that mandate arbitration as the exclusive legal remedy.
Our securities fraud lawyers have a deep understanding of the FINRA arbitration process. To initiate arbitration — no matter what state you live in — you must prepare and submit a Statement of Claim. While this is merely the first step in the claims process, it is imperative that you get this step right. Your Statement of Claim should be comprehensive: it should contain the allegations you are raising, the dates the violation occurred, the specific cause of action, a basic accounting of the evidence, and the damages being requested.
What Our Investor Losses Lawyers Can Do For You
At Galvin Legal, PLLC, we offer free, fully confidential case evaluation to investors nationwide. If you sustained serious investment losses in Walton Land Fund Companies investments or any other private placement, we are prepared to help. Our legal team will start by carefully reviewing the facts and strength of your claim.
We will vigorously investigate your case and help you understand and assess all of your available options. Our securities fraud lawyer knows how to hold negligent investment advisors and investment advisory firms liable for their misconduct and we will fight tirelessly to protect your rights.
Request a Free Consultation with a Securities Attorney
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.