Soreide Law Group is investigating potential investor claims involving DCM US Multi-Family Homes PLC notes sold or recommended through Andbanc Brokerage LLC. They are also investigating sales or recommendations through Andbanc Advisory LLC. Additionally, they are reviewing sales or recommendations through BCI Securities, Inc., Boreal Capital Securities, LLC (also known as Mora Capital Securities), and Mora WM Securities, LLC.
Investors who purchased DCM US Multi-Family Homes PLC Series 2020-DCM1, Series 2022-DCM3, or Series 2022-DCM4 Notes and have suffered losses or have been unable to recover their principal are encouraged to contact Soreide Law Group. Investors can then discuss their potential legal rights.
DCM US Multi-Family Homes PLC Note Default and Acceleration
The DCM US Multi-Family Homes PLC Series 2020-DCM1 was a $100 million offering of 9.25% secured medium-term notes with a stated maturity in 2025. Notably, the investment reportedly required a substantial minimum investment. It was also offered to non-U.S. investors.
By early 2024, however, DCM had allegedly failed to make required interest payments.
In a January 29, 2024, written instruction to Trident Trust Company (Guernsey) Limited, alleged representatives of Andbanc Brokerage, LLC, BCI Securities, Inc., and Boreal Capital Securities, LLC formally stated:
"The Issuer has defaulted on the payment of interest due in connection with all of its Notes."
This includes:
The letter further stated that the defaults had continued for more than 14 days and constituted Events of Default under the governing documents. Consequently, the firms directed the trustee to provide notice that the DCM1, DCM3, and DCM4 Notes were immediately due and payable, together with accrued interest, and requested enforcement of the security. The DCM notes may have been sold by Andbanc Brokerage, BCI Securities, and Boreal Capital Securities. As a result, investors may be able to bring claims against these entities for the default. They may also bring claims to recover their investment losses.
Were Investors Properly Informed About the Risks and Collateral?
Soreide Law Group is investigating the circumstances surrounding the recommendation and sale of these investments. This includes representations made to investors concerning the properties or other assets allegedly securing the DCM notes. These representations were made by the financial advisors that recommended these notes to their customers.
Among the issues that may warrant investigation are whether investors were accurately informed about the nature and value of the collateral securing their investment. Other issues include the financial condition of the issuer and the risks of default. Furthermore, Soreide Law Group is investigating the liquidity of the notes and the concentration of investor assets in these securities.
Depending upon the individual circumstances, investors may have potential claims involving alleged misrepresentations or omissions. Additionally, investors may have claims regarding unsuitable investment recommendations, failure to conduct adequate due diligence, and/or failure to adequately disclose the risks associated with the investment.
Did You Purchase DCM Notes Through Andbanc, BCI Securities, Boreal Capital/Mora Capital, or Mora WM Securities?
EMAIL INFO@SECURITIESLAWYER.COM your contact info, details of note purchased, which financial firm advised you to purchase and any other losses you may have experienced with that advisor.
Soreide Law Group would like to speak with investors who purchased DCM US Multi-Family Homes PLC investments through:
If you invested in DCM1, DCM3, DCM4, or another DCM US Multi-Family Homes PLC investment and have suffered losses, missed interest payments, or have been unable to recover your principal, contact Soreide Law Group for a consultation regarding your potential claims.
Soreide Law Group also encourages investors to contact us if other investments recommended by these or other financial professionals have failed to perform as represented or expected. Call (888) 760-6552 or (954) 760-6552 for a free consultation or email your information to info@securitieslawyer.com.
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