Many investors who suffered significant REIT losses in KBS REIT I and KBS REIT II are exploring their options for loss recovery through a Financial Industry Regulatory Authority arbitration claim. KBS REIT I is a non-traded real estate investment trust with a focus on commercial real estate. It has raised around $1.7 billion from investors.…
Continue reading ›INVESTORLAWYER_6Q17_2012-11-12_Mon_Recovery of Desert Capital REIT Losses Many investors who purchased Desert Capital REIT, a non-traded REIT, are consulting securities fraud attorneys in order to recover their REIT losses. Claims by investors include unsuitable recommendations and misrepresentations of Desert Capital REIT. In addition, many investors suffered losses as a result of overconcentration of funds in Desert…
Continue reading ›Earlier in October, another claim was filed in an effort to help investors recover REIT losses. This claim was against LPL Financial and its goal is to recover losses sustained in Retail Properties of America, formerly known as Inland Western Real Estate Investment Trust. This claim, which was filed with FINRA, also involves eight other…
Continue reading ›Securities fraud attorneys are currently investigating claims on behalf of the customers of William T. Johnson. A resident of Palm Beach Gardens, Fla., Johnson is accused of stealing around $500,000 from 13 clients. Johnson allegedly informed his clients that he would invest their money in Certificates of Deposit (CDs), Individual Retirement Accounts (IRAs), short-term commercial…
Continue reading ›Securities fraud attorneys are currently investigating claims on behalf of investors who suffered significant losses as a result of their investment in a Domin-8 private placement. Domin-8 is a provider of “advanced enterprise software applications and related services to the U.S. multi-family housing property management industry” based out of Ohio, according to its filing with…
Continue reading ›Securities fraud attorneys are currently investigating claims on behalf of investors who have suffered significant losses as a result of their investment in a Geneva Organization tenant-in-common, or TIC. A real estate investment company founded by Duane Lund in 2003, the Geneva Organization specializes in pooling individual investors into larger groups to buy commercial real…
Continue reading ›Securities fraud attorneys are currently investigating claims on behalf of the customers of Sanders Morris Harris Inc. and Fifth Third Securities Inc. in light of recent fines and censures by the Financial Industry Regulatory Authority. Fifth Third Securities was fined $80,000 and ordered to pay restitution to investors in the amount of $26,876.52, plus interest.…
Continue reading ›Following the dismissal of the class action lawsuit against ProShares, securities fraud attorneys are investigating potential claims on behalf of investors who suffered significant losses as a result of their investment in the ProShares leveraged and inverse exchange-traded funds. The U.S. District Court for the Southern District of New York recently dismissed the class action…
Continue reading ›Securities fraud attorneys scored a win for investors in FINRA arbitration against a unit of Citigroup Inc. in a FINRA ruling on September 5. The arbitration panel ordered Citigroup to pay investors losses amounting to $1.4 million. These losses were associated with a municipal bond steeped in derivative securities that were very risky — yet…
Continue reading ›Following a recent announcement by the Securities and Exchange Commission, securities fraud attorneys are investigating potential claims on behalf of investors who suffered losses in investments from a variety of issuers. The following issuers were temporarily suspended by the SEC pursuant to Section 12(k) of the Securities Exchange Act of 1934: Alto Group Holdings Inc.…
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