Impossible Foods Inc. Stock Losses? | Goodman & Nekvasil P.A., May Recover Losses
Impossible Foods Inc. Stock Losses?
Goodman & Nekvasil, P.A. is Representing Investors who purchased Innovation X Holdings
Series 2019-5 QP is an investment offered by Innovation X Holdings that was formed to invest in preferred and common stock of Impossible Foods. Shares of Impossible Foods are not readily available to the general public. Innovation X Holdings Series 2019-5 QP was formed to invest in Impossible Foods and was offered to investors. Goodman & Nekvasil, P.A. is currently representing investors who purchased series 2019-5 QP from their FINRA registered broker.
Bloomberg Reports Says Impossible Foods Employee Stock has Tumbled 89% Since 2021
Read the June 13, 2023 Bloomberg Article.
Many investors are not fully aware of the problems and risks associated with high risk, private placements when they purchase them.
Investments like Innovation X Holdings’ Series 2019-5 QP are often riskier and more complicated than traditional investments. These funds are only suitable for high net worth, sophisticated investors.
Liquidity Issues and High Sales Commissions
Private Placements can face several liquidity issues due to their unique characteristics and structure.
Another problem often associated with private placements is the high sales commissions brokers typically earn for selling them. Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market.
Unfortunately, in many cases, the high sales commission may influence unsuitable investment recommendations.
Broker Due Diligence
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Firms that fail to do so may be held responsible for any losses in a FINRA arbitration claim.
If you believe that your investments in Impossible Foods, Inc. may have been unsuitable or otherwise improper for you, 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. We handle our cases on a contingency fee basis. If we don’t recover money for you, we charge no attorney’s fee.
Goodman & Nekvasil, P.A. has recovered more than $400 million on behalf of victimized investors. If you lost money on investments in unsuitable investments and would like your case evaluated by a securities attorney, please contact us.