TriLinc Global Impact Fund LLC focuses on impact investing, which means giving loans to Small and Medium Enterprises (SMEs) in developing countries.
At first, the idea of making money and helping society sounded great. But things haven't gone well for TriLinc Global Impact Fund LLC. By September 30, 2023, the value of each share in the fund dropped significantly to about $5.74. This drop is because of problems like the COVID-19 pandemic and rising prices, which hurt how well the investment did. Also, TriLinc reportedly delayed filing financial reports, making people worry about how well the company runs and if it's open about its business. The starting price of $10 for each unit now seems far off as the price in the second-hand market fell to $1.50 per share.
If you incurred losses on TriLinc Global Impact Fund because of a financial advisor or securities broker’s advice, you might be able to take legal action through Financial Industry Regulatory Authority (FINRA) arbitration claims. Namely, FNRA’s suitability rules say brokers and financial advisors must think about what the investor needs, their financial situation, and how much risk they can take before suggesting investments. If brokerage professionals didn't conduct suitability reviews or otherwise make suitable recommendations, or the professionals didn’t check TriLinc carefully (perform due diligence) or gave the wrong idea of how risky it was (misrepresented the investment), they could be liable.
If you lost money because you invested in TriLinc Global Impact Fund, you should talk to Soreide Law Group online or call (888) 760-6552. Soreide Law Group helps investors across the United States recover losses, works based on a contingency fee arrangement, and advances all costs.
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