Erez Law is currently investigating brokers across the country who recommended their clients invest in GeoStellar, Inc., an Internet-scale solar energy platform based in Martinsburg, West Virginia. GeoStellar, Inc. filed for Chapter 7 bankruptcy in January 2018. The company has ceased operations and its website is no longer active.
According to public records, investors across the country have lost significant amounts of money due to unsuitable investments in GeoStellar, Inc.
GeoStellar, Inc. provided “property owners with an instant estimate of the savings that can be achieved on monthly electric bills through the installation of solar panels, allows the property owner to tailor the plan to optimize savings and minimize out-of-pocket expenses and collaborate with partners with financing companies, equipment and installers nationally and has partnerships in all 50 states,” according to public directories.
GeoStellar, Inc. offered stocks and bonds that were high-risk and not suitable for retirees or conservative investors.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, brokerage firms across the country may be liable for investment or other losses suffered by its customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.