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The Securities Arbitration Law Firm of KlaymanToskes announced today that it is investigating securities arbitration claims against full-service brokerage firms who sold Behringer Harvard Strategic Opportunity Fund I to their customers. Earlier this week, 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 last week of the fund’s problems and is set to inform investors by tomorrow.
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. The attorneys at KlaymanToskes are dedicated to pursuing claims on behalf of investors who have suffered significant losses. KlaymanToskes, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.