TAG | ATEL FUND losses
Comments off · Posted by Securities Lawyer in FINRA
ICON Income Fund Ten, LLC, is in the process of liquidation, states Businessweek in a recent article. ICON engages in purchasing and leasing equipment to third parties; provides equipment financing; and acquires ownership rights to leased equipment at lease expiration in the United States and the United Kingdom. This company’s portfolio of equipment comprises container vessels and tankers, telecommunications equipment, communications terminals, material handling and manufacturing equipment, and digital mini labs, as well as information technology equipment, including laptops, desktops, and printers. This company was founded in 2003 and is based in New York, New York.
ATEL Capital Equipment Fund X, LLC also engages in leasing, lending, and selling various types of equipment in the United States, the United Kingdom, and Canada, states Businessweek, also in a recent article. ATEL offers its equipment under operating and finance lease agreements. It leases materials handling, transportation, transportation, rail, manufacturing, construction, aircraft, logging and lumber, petro/natural gas, agriculture, data processing, research, and mining equipment. This company was founded in 2002 and is based in San Francisco, California.
These two funds may have been sold by Wall Street Financial, or other broker/dealers.
Securities Lawyer, Lars K. Soreide, of Soreide Law Group, PLLC, has represented clients nationwide. Please call for a free consultation on how to potentially recover your financial losses. To speak with an attorney call 888-760-6552, or visit our website at: http://www.securitieslawyer.com.
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