Goodman & Nekvasil, P.A., May Recover Investor Losses | ICON ECI Fund Sixteen
According to its website, ICON ECI Fund Sixteen (“Fund Sixteen”) is an equipment focused credit fund that seeks to make debt and debt-like investments in domestic and international, public and private companies in asset-intensive industries. According to Icon ECI Fund Sixteen’s website, these investments will be collateralized by the equipment and corporate infrastructure, or collectively the “Capital Assets,” of a company that are deemed crucial to that company’s operations.
According to SEC filings, ICON ECI Fund Sixteen stated that the estimated value per interest as of December 31, 2018 was determined to be $186.63 per Class A Interest and $186.63 per Class I interest. This is a drop from the original offering price of $1,000 per unit.
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments such as ICON ECI Fund Sixteen
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments such as ICON ECI Fund Sixteen and has recovered more than $180 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
You may have the right to recover your losses from the brokerage firm that sold ICON ECI Fund Sixteen and other high-risk investments to you. We strongly recommend that you act quickly, however, because statutes of limitation can be short in securities cases.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. Finally, the filing of such a case should not affect your ownership of these investments in any way.
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