The Securities Law Firm of Menzer & Hill, P.A. is Pursuing FINRA Arbitration Claims Against Broker-Dealers that Sold CION Investment Corporation to its Clients

Boca Raton, Florida--(Newsfile Corp. - October 5, 2021) - The Securities Law Firm of Menzer & Hill, P.A. (www.menzerhill.com) announced today that it is pursuing arbitration claims against those broker-dealers that sold CION Investment Corporation (NYSE: CION), a business development company (BDC) focused on providing senior secured loans to U.S. middle-market companies.

On October 5, 2021, CION shares were listed on the New York Stock Exchange. According to the company, it enacted a 2-to-1 reverse stock split. On a split adjusted basis, investors that purchased CION as non-traded BDC, are now looking at a 40% loss on their principal investment, not counting any additional shares from reinvested distributions.

Unfortunately, unsuspecting investors and many retirees, do not realize that alternative investments like CION along with other non-traded investments such as non-traded REITs along with BDCs are extremely risky investments that are some of the highest commissioned products that broker-dealers sell. Additionally, many brokerage firms are representing these alternative products as safer alternatives to investing in the equity markets, which is false.

Fortunately, those investors that incurred losses investing in CION or any other non-traded investments may be able to recover those losses through the FINRA arbitration process. Under FINRA rules and regulations, Broker-Dealers are obligated to make sure these higher-risk investments are suitable for their customers. Furthermore, brokers and their broker-dealers are responsible for conducting proper due-diligence on those investments recommended to their clients and therefore may be held liable for losses related to their failures.

Investors that incurred investment losses related to CION Investment Corporation or any other non-traded products or other unsuitable investments should contact the attorneys at the Securities Law Firm of Menzer & Hill, P.A. to determine if they have a claim for a recovery of losses.

For a free case evaluation or to discuss any other investment losses, please contact the Securities Law Firm of Menzer & Hill, P.A., at 888-923-9223, or visit us on the web at www.menzerhill.com.

Contacts

The Securities Law Firm of Menzer & Hill, P.A.
Gary Menzer - 888-923-9223
info@menzerhill.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98680