Soreide Law Group is investigating claims involving ICON leasing investments. The ICON leasing investments are illiquid and speculative investments that pay brokerage firms above average commissions for selling the investment to unsuspecting investors. Investors seeking income have suffered substantial losses of principal and income as ICON struggles to sell its used equipment to new purchasers.
ICON leasing investments are considered to be non-conventional investments subject to the specifications of NASD Notice to Members 03-71. Notice to Members 03-71 reminds members offering Non-Conventional Investments such as ICON of their obligations to: (1) conduct adequate due diligence to understand the features of the product; (2) perform a reasonable-basis suitability analysis; (3) perform customer-specific suitability analysis in connection with any recommended transactions; (4) provide a balanced disclosure of both the risks and rewards associated with the particular product, especially when selling to retail investors; (5) implement appropriate internal controls; and (6) train registered persons regarding the features, risks, and suitability of these products.
If you have suffered substantial losses investing in ICON leasing investments, please contact our securities attorneys to discuss you rights. Call (888) 760-6552.
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