Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has opened an independent investigation into the sale and recommendation of DCM US Multi-Family Homes PLC Notes by several broker-dealer firms, including Andbanc Brokerage LLC, Andbanc Advisory LLC, BCI Securities, Inc., Boreal Capital Securities, LLC, and Mora WM Securities, LLC. Our attorneys bring years of insider experience as former Wall Street defense lawyers—expertise now dedicated to fighting for investors who suffered losses due to complex investment products and insufficient disclosure by financial professionals.
Our firm’s track record speaks for itself: 98% success rate across hundreds of claims, 95+ years of combined securities law experience, involvement in over $520 million in securities matters, recognition in the Top 2% peer-reviewed (Martindale-Hubbell AV Preeminent), Super Lawyers designation, and 5.0-star client reviews. We work on a strict “No recovery, no fee” basis, meaning you will not pay any attorney’s fees unless we successfully recover funds for you.
What Is Behind Our Investigation?
Growing numbers of investors have reported substantial losses after purchasing DCM US Multi-Family Homes PLC Notes, structured as medium-term, secured debt instruments and marketed as opportunities to benefit from the stable U.S. multifamily real estate market. When defaults, delistings, and eventual liquidation hit these Notes—totaling $418 million in affected principal—many investors were left uncertain about the potential recovery of their funds.
Key Broker-Dealers Involved in Distributing DCM Notes:
- Andbanc Brokerage LLC
- Andbanc Advisory LLC
- BCI Securities, Inc.
- Boreal Capital Securities, LLC (formerly Mora Capital Securities)
- Mora WM Securities, LLC
As part of our due diligence and investor advocacy, our team has reviewed available BrokerCheck and regulatory data concerning these brokerage firms. While there are no widespread patterns of firm-level disciplinary events, isolated incidents—including customer complaints and a past arbitration—raise concern for investors whose losses have not yet been addressed.
Public Complaint & Regulatory Disclosure Summary
Table of Contents
| Broker-Dealer | Customer Complaints / Arbitrations (Past 10 Years) | Regulatory Actions / Disclosures | Recent Case Outcomes |
|---|---|---|---|
| Andbanc Brokerage LLC | None | None | No legal actions or client disputes reported. |
| Andbanc Advisory LLC | None | None | No enforcement or complaint history found. |
| BCI Securities, Inc. | 2 complaints (2021–2022), closed without public award | 1 FINRA inquiry (2020), closed with no action | No public arbitration awards; complaints did not result in compensation to claimants. |
| Boreal Capital Securities, LLC | 1 arbitration award (2019, breach-of-contract, ~$45K awarded to claimant) | No disciplinary history | Claimant was awarded relief. No SEC actions identified. |
| Mora WM Securities, LLC | None | None | Minimal activity, no customer complaints, and no disclosures found. |
What Should Investors Watch for When Assessing Their Advisor’s Actions?
- Was the DCM US Multi-Family Homes PLC Note marketed as a safe, income-producing investment with risks minimized or glossed over?
- Did your advisor fail to fully explain the risks, including the real estate market’s volatility, leverage implications, or refinancing and liquidity challenges?
- Were recommendations made that did not fit your financial objectives, liquidity needs, or risk tolerance?
- Did you experience loss of principal, missed payments, or delays in getting your funds back after DCM’s default and liquidation?
- Have you received communications regarding delisting, bankruptcy, or default events from your advisor or the brokerage firm?
Why Due Diligence Failures Matter
Brokers and investment advisors are required—under industry rules and Regulation Best Interest—to perform due diligence before selling complex or alternative investments. When financial professionals cut corners, ignore red flags, or recommend unsuitable investments, investors can suffer lasting financial harm. Our experience as former defense lawyers means we understand the risk signals firms ignore, and we know how to build strong recovery cases for you.
Legal Options: Investor Recovery May Be Available
- You may be entitled to recovery if your advisor or brokerage failed in their duty—by not disclosing risks, neglecting due diligence, or selling you an unsuitable product.
- Most investor claims are resolved through FINRA arbitration, not traditional lawsuits—an efficient, industry-backed forum that can result in substantial recoveries.
- Common grounds for recovery: Inadequate due diligence, misrepresentations or omissions, unsuitable recommendations, breach of fiduciary duty, negligence, and failure to supervise.
How Haselkorn & Thibaut Can Help You Recover Losses
Our attorneys combine deep insider knowledge of Wall Street practices with aggressive advocacy for harmed investors nationwide. We thoroughly investigate not only the product, but also the circumstances of the recommendation and the brokerage’s business practices. We are currently speaking with investors in DCM US Multi-Family Homes PLC Notes who experienced substantial losses and seek to understand all aspects of their situation. Our work often reveals additional red flags or failure-to-supervise issues missed by others in the industry.
Take Action: Get a Free Consultation on Your Recovery Options
If you or a loved one suffered losses related to DCM US Multi-Family Homes PLC Notes—whether recommended by Andbanc Brokerage LLC, Andbanc Advisory LLC, BCI Securities, Inc., Boreal Capital Securities, LLC, or Mora WM Securities, LLC—we can help you assess your recovery options. Our initial consultation is always free and confidential. You pay no attorney’s fee unless we recover your funds.
Contact us today at 1-888-885-7162 for a confidential review with an experienced securities attorney. Don’t leave your recovery to chance—the sooner you act, the sooner we can fight for your financial future.
