Woodbridge Wealth Securities Attorney
The SEC has an important purpose within the United States financial markets and that purpose is to regulate a fair and transparent economy. The SEC regularly looks into allegations of fraud within financial institutions to ensure that the interests of investors are protected. When the SEC decides to launch an investigation, the process is exhaustive; however, it is necessary to uncover whether that particular financial entity has in fact committed fraud. Recently, the SEC has decided to investigated Woodbridge Wealth and their affiliate group of companies.
Important Information Regarding Woodbridge Wealth
To understand the nature of the SEC investigation, it is wise to first understand what Woodbridge Wealth exactly is and why it is suspected of serious allegations by the SEC. Woodbridge Wealth is an investment firm that additionally has ownership to several high net-worth real estate properties around the country, which makes their investment portfolio look attractive on the surface. Woodbridge Wealth is also linked to at least 235 different potential limited liability companies that handle their real estate assets. Woodbridge Wealth offers several financial products to their investors with the promise of a substantial return. Many of these portfolio options are related to mortgages and what Woodbridge calls second market annuities. What has come into questions is whether these investment options are following the rules as prescribed by the SEC.
The Details Regarding the SEC Investigation
Last year, the SEC opened an investigation into Woodbridge Wealth regarding their sale of unregistered securities, utilization of unlicensed brokers, and allegations of misleading investors. The amount in question is the $1 billion that Woodbridge Wealth raised from investors and whether that capital was raised by following the financial regulations properly. The SEC initially failed to receive the documents that they requested from Woodbridge Wealth and their top officers. To date, some top officers have complied with the SEC; however, many key documents are still missing and the principal of the firm has asserted his fifth amendment rights. The SEC is actively looking into the affiliated limited liabilities that potentially have engaged in these transactions through Woodbridge Wealth’s investors. The investigation is complex due to the many companies involved; however, the SEC is taking measures to unravel whether financial regulations have in fact been violated.
What Should You Do If You Invested with Woodbridge Wealth?
If you have invested in Woodbridge Wealth, then you may consult with an attorney that has a strong background in investment fraud law. At Silver Law Group, we have a team of established attorneys and accountants that have a track record of high profile case success rates in terms of investor recovery nationwide. If you reach out to our firm, we will be able to have an initial consultation to ascertain the nature of your investments with Woodbridge Wealth and what potential avenues of recovery that you possess. At this point, you will be able to make an informed decision regarding what direction you would like to take in terms of finding a viable solution to potentially reclaim the capital that you lost through misrepresentation or fraud.