BEVERLY HILLS, Calif., Aug. 10, 2011 (GLOBE NEWSWIRE) -- Aidikoff, Uhl & Bakhtiari (www.securitiesarbitration.com) announces an investigation into the sale of LaeRoc Income funds sold by broker dealers.
"LaeRoc income funds were marketed to clients as a low risk fixed income product," according to Philip M. Aidikoff. "In truth, the funds subjected clients to a significant loss of principal."
LaeRoc Funds is a Hermosa Beach, California company managing more than $650 million in assets among 14 real estate funds. The funds purchased investment properties in the Western United States with a concentration in Southern California.
"We're investigating the representations made to investors in connection with LaeRoc Income Fund 2002 and LaeRoc Income Fund 2005," stated Ryan K. Bakhtiari. "Investors with questions about the dissolution of the funds or pending capital calls should seek an opinion about their rights."
Aidikoff, Uhl & Bakhtiari represents retail and institutional investors around the world in securities arbitration and litigation matters. Attorneys for the firm have appeared before the Financial Industry Regulatory Authority (FINRA) and in numerous state and federal courts to resolve financial disputes between customers, banks, brokerage firms and other financial institutions. According to the Wall Street Journal, in 2011 the firm won the largest ever FINRA award against a major Wall Street brokerage firm in favor of individual investors.
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