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Our law firm is investigating securities arbitration claims against full-service brokerage firms who sold Behringer Harvard Strategic Opportunity Fund I to their customers. On August 22, 2012, InvestmentNews reported that Behringer Harvard Strategic Opportunity Fund I is underwater, stating that “its liabilities are greater than its assets.” First offered in 2005, the Behringer Harvard Strategic Opportunity Fund I raised $65 million and was involved in investing in six properties, including an office building in Amsterdam and a hotel on Wilshire Boulevard in Los Angeles. Behringer Harvard reportedly informed brokers during the week of August 13 of the fund’s problems and was set to inform investors of the problems by August 23, 2012.
Many investors purchased Behringer Harvard Strategic Opportunity Fund I at the recommendation of their brokers who advised them that it was a low risk, safe investment, thereby misrepresenting the product. In some cases, brokers may have placed a substantial portion of their client’s assets in the investment, resulting in an unsuitable over-concentration in a single product. Consequently, Behringer Harvard Strategic Opportunity Fund I investors may be able to recover some of their losses by filing an individual securities arbitration claim against their full service brokerage firm, for sales practice violations which led to substantial losses in their investment portfolios.
Investors who purchased Behringer Harvard Strategic Opportunity Fund I from a full service brokerage firm can contact KlaymanToskes to explore their legal rights and options. KlaymanToskes has significant experience in representing investors who sustained losses by investing in private placements.