Soreide Law Group is currently investigating the following funds on behalf of clients: MM Community Funding II and III, South Coast Funding Ltd. II, and Fort Point CDO I, Ltd. Some of these funds were sold by Citigroup and/or Morgan Stanley.
MM Community III is a collateralized debt obligation(CDO), which closed April 10, 2002. MM Community III is a static pool composed of bank and thrift trust preferred securities. According to a report done on the fund, "it was determined that the current ratings assigned to the senior and subordinate notes still reflect the current risk to noteholders."
South Coast II is a collateralized debt obligation (CDO) that closed on June 6, 2002 and is managed by TCW Investment Management Company. The reinvestment period ended in June 2006. South Coast II has a portfolio primarily of subprime residential mortgage-backed securities (RMBS) bonds, Alternative-A (Alt-A)RMBS, prime RMBS, and other structured finance assets.
Fort Point I entered an Event of Default on Oct. 6, 2009 after the class A overcollateralization ratio fell below 100%. A notice of liquidation was subsequently issued on Sept. 25, 2013.
If you feel your broker/financial advisor recommended these or other risky investments for your otherwise conservative portfolio, call Soreide Law Group, at 888-760-6552 for a free consultation with an attorney. Soreide Law Group has represented clients nationwide before FINRA.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CENTAURUS FINANCIAL, INC (Respondent). The Claimants reside in Arizona and are retired. The Claimants were seeking stable investments that would provide them with income. The lawsuit states that the Claimants have a long-standing relationship with CENTAURUS FINANCIAL and its Financial Advisor, […]
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 […]
Soreide Law Group está investigando posibles reclamaciones de inversionistas relacionadas con los bonos de DCM US Multi-Family Homes PLC vendidos o recomendados a través de Andbanc Brokerage LLC, Andbanc Advisory LLC, BCI Securities, Inc., Boreal Capital Securities, LLC (también conocida como Mora Capital Securities). Por otro lado, Mora WM Securities, LLC también estuvo involucrada. Si […]
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