YieldStreet is among a growing crop of crowdfunding and online alternative investment platforms, most of which have launched in the wake of the 2012 JOBS Act and its related SEC regulations. Currently, YS offer its investments under Reg D, which allows them to “generally solicit” or advertise their investments.
Yieldstreet offers a mix of exotic investments like Real Estate Investment Trusts (REITs), Litigation Finance, Marine Deconstruction, Marine Vessel Acquisitions, Rideshare Fleet Expansions, Vessel Deconstruction, Oil and Gas, and many more. The pitch focuses on the fact that many, if not all, of their offerings are asset-backed. Meaning, in theory, there is an actual asset that can be claimed and sold to recover the investment in the event of a default.
For one group of offerings, the company President addressed investors about alleged borrower fraud and mass defaults in the Marine, Vessel, and Deconstruction categories. Now, Yieldstreet investors who suffered losses are contacting the securities lawyers at Peiffer Wolf Carr & Kane.
If you are a Yieldstreet investor, Contact Us Today by calling 504-523-2434 or by filling out an online Contact Form for a FREE Consultation. Concerns about possible misconduct and fraud are serious, and we are committed to fighting on your behalf.