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TIC Investor Losses Could be Recovered in FINRA Arbitration
Securities arbitration lawyers are currently investigating claims on behalf of investors who suffered significant losses as a result of their investment in TIC, or tenants-in-common, investments with a full-service brokerage firm. The securities industry has watched as TICs have become more common as a result of the IRS rules amendment in 2003, allowing an avoidance in capital gains taxes to investors who invested their property sale proceeds into TIC investments.
According to stock fraud lawyers, following the crash of the real estate market, many TIC investors, as fractional owners in a single property, saw a significant decline in the value of their investment. However, because of the sales practices of some FINRA registered brokerage firms, some of these investors may be able to recover losses through securities arbitration. These products were often represented as “guaranteed” and/or “safe” investments that would return between 7 and 12 percent each year. However, in many cases, investors were not properly advised on the risks associated with TIC investments.
A Financial Industry Regulatory Authority panel has already ordered one firm, LPL Financial, to reimburse investor losses amounting to $1.4 million in Braintree Park LLC and Heron Cove LLC. These two TICs were sponsored by Direct Invest LLC.
TIC investments currently under investigation by securities arbitration lawyers include, but are not limited to: Covington Main Street Commons, TSG, DBSI, Sequoia Stonebriar, USA View at Encino Commons, Geyser Realty, Eliason, Braintree Park, Mission Bellevue Ridge, Behringer Harvard St. Louis Place, Connor Farms, NNN Papago Spectrum TIC, NNN Mt. Moriah Apartments 1, NNN Park Central 4, NNN Satellite Place, Argus Realty Investors, Mission Antioch, US Advisors Houston Levee, Heron Cove, Darien Business Center, Mission Briley Parkway, Townley Business Park 3 and Mission Matthews Place.
If you suffered significant losses as a result of your investment in a TIC and were not properly advised of the risks associated with the investment, you may be able to recover your losses in securities arbitration. To find out more about your legal rights and options, contact a stock fraud lawyer at The Law Office of Christopher J. Gray at (866) 966-9598 for a no-cost, confidential consultation.