Acorn Energy Inc (ACFN)
Our attorneys are investigating customer losses in Acorn Energy Inc , an investment offered and sold by National Securities Corporation Inc. (NSC) to its retail clients.
If you have suffered losses in Acorn Energy Inc , please contact our lawyers for a free and confidential consultation concerning your legal rights and the possibility of recovery.
At Silver Law Group, we know from experience that not every investment recommended and solicited by a stockbroker is suitable and appropriate for the customer. We have seen, particularly in the initial public offering (IPO) space, that investors are often falsely promised high returns and low risk when in truth the investment is speculative and subject to the loss of principal. Your financial advisor and the securities firm who sells the investment have a legal duty to fully explain the nature of the investment, its inherent risks and the possibility of loss.
Brokers and financial advisors may push risky initial public offerings on unsuspecting investors based upon strong financial incentives, including large commission payouts. Investors in such offerings must realize that these investments are inherently risky and should be considered very carefully before making a decision to invest. Representations made by stockbrokers that such investments are “safe” and “guaranteed” are typically false and are a red flag of possible fraud.National Securities Corporation Inc. Role in the Investment:
In 2013, National Securities Corporation underwrote Acorn Energy’s Inc. stock offering. At the close of the offering, National Securities Corporation raised over 11 million ($11,500,000). Acorn Energy Inc was listed on the Nasdaq under the stock symbol “ACFN”. As of November 14, 2017, Acorn Energy Inc stock is worth $0.20 per share.
Acorn Energy Inc Company Profile:
About Acorn Energy, Inc. (www.acornenergy.com) Acorn Energy, Inc. is a holding company with investments in two portfolio companies:
OmniMetrix™, Inc.: A provider of machine-to-machine (M2M) wireless remote monitoring and control or the Internet of Things (IoT) for stand-by generators, gas pipelines, cell towers, medical facilities, data centers, public transportation systems.
DSIT Solutions Ltd.: develops and produces sonar applications for defense, HLS, energy and commercial markets. DSIT employs a world-class multidisciplinary professional team skilled in the latest sonar and real-time technologies.
Silver Law Group represents investment fraud victims in cases to recover their investment losses. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at firstname.lastname@example.org or toll-free at (800) 975-4345.