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Articles Tagged with Equipment Leasing Funds

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Investors in ICON Equipment and Corporate Infrastructure Fund Fourteen, LP (“ICON 14”)  may be able to recover investment losses through FINRA arbitration. if their investment was recommended by a financial advisor who lacked a reasonable basis for the recommendation, or if the nature of the investment was misrepresented by the stockbroker or advisor.

money blowing in wind
ICON 14 is managed by ICON Capital, LLC, and is part of a category of alternative investments that is commonly referred to as an equipment leasing and finance fund.  Specifically, ICON 14 is a non-traded, publicly registered equipment finance fund.  ICON 14 purportedly makes opportunistic investments in middle market companies by providing financing solutions that are secured by the company’s business-essential equipment as collateral.

ICON 14 was sold to investors beginning in or about 2010 at a per interest price of $1,000.  Now, as its process of liquidation continues, ICON 14 interests appear to be worth less than $32.00 each, and investors have lost a substantial portion of their principal invested, even net of distributions.

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