SunPower Files For Bankruptcy | Goodman & Nekvasil P.A., May Recover Investor Losses
Goodman & Nekvasil, P.A. Investigation of SunPower Corporation
SunPower files for Bankruptcy on August 5, 2024
The Chapter 11 Voluntary Petition Bankruptcy includes approximately $70 million of investor funds in Bitwise Industries, Inc.
SEC Issues Subpoena For SunPower Documents
According to SunPower, the subpoena relates revenue-recognition practices, focusing on the periods covered by the affected financial statements and the fourth quarter of 2023.
High Risk and High Sales Commissions
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 the investments in SunPower Corporation 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.