Non-traded REITs

Archive | Non-traded REITs

Investors Accuse Cetera Advisor Networks Of Unsuitable REIT Sales

December 22, 2020  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Investors Accuse Cetera Advisor Networks Of Unsuitable REIT Sales

Scott Michael Barber of Dubois Pennsylvania a former stockbroker and investment adviser representative of Cetera Advisor Networks LLC is the subject of a customer initiated investment related written complaint on October 30, 2020 in which the customer requested $130,000.00 in damages supported by allegations that real estate security transactions executed in the customer’s Cetera Advisor […]

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Investors File FINRA Securities Arbitration Claim Voya Financial For Negligence

December 07, 2020  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs, Stockbroker Negligence   |   Comments Off on Investors File FINRA Securities Arbitration Claim Voya Financial For Negligence

James Joseph Zegers of Albany New York a stockbroker formerly registered with Voya Financial Advisors Inc. has been referenced in a customer initiated investment related arbitration claim which was resolved for $34,000.00 in damages supported by allegations that the customer was negligently placed in NorthStar REIT while Zegers was associated with Voya Financial Advisors. Financial […]

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Investors Bring FINRA Arbitration Claim Against Money Concepts For Breach Of Fiduciary Duty

November 30, 2020  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Money Concepts For Breach Of Fiduciary Duty

Christopher Paul Puffer of Louisville Kentucky a stockbroker formerly registered with Money Concepts Capital Corp and Money Concepts Advisory Services is the subject of a customer initiated investment related arbitration claim that was settled for $14,500.00 in damages based upon allegations of negligence and a breach of contract governing the customer’s alternative investment purchases including […]

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Investors Bring FINRA Arbitration Claim Against Western International For Private Placement Fraud

November 30, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Private Placement Fraud, Securities Fraud   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Western International For Private Placement Fraud

Brittney Jade Sias (also known as Rosalie P. Sias) of Westlake Village California a stockbroker formerly registered with Western International Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested up to $500,000.00 in damages based upon allegations of bad investment advice concerning non-traded real estate investment trusts […]

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Investors Accuse LPL Financial Of Fraudulent REIT Sales

November 30, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Securities Fraud   |   Comments Off on Investors Accuse LPL Financial Of Fraudulent REIT Sales

Cynthia Ann Giovacchino of Ansonia Connecticut a stockbroker formerly registered with LPL Financial LLC has been referenced in a customer initiated investment related complaint which was resolved on April 20, 2020 for $63,713.96 in damages supported by allegations that the customer had been sold unsuitable real estate investment trusts by Giovacchino. According to the complaint, […]

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Investors Bring FINRA Arbitration Claim Against First Allied Securities

November 30, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Investors Bring FINRA Arbitration Claim Against First Allied Securities

Ronald Reed McCook of Scottsdale Arizona a stockbroker currently registered with First Allied Securities Inc. and an investment adviser representative of Cetera investment Advisers LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested unspecified damages supported by allegations that the customer had been placed in real estate […]

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Investors Bring FINRA Arbitration Claim Against H. Beck For Misrepresentation

November 04, 2020  |   Posted by :   |   Business Development Companies, Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Investors Bring FINRA Arbitration Claim Against H. Beck For Misrepresentation

John Tweardy Jr. of Canonsburg Pennsylvania a stockbroker formerly registered with H. Beck Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $1,175,000.00 in damages founded on allegations that the customer had been placed into bad variable annuity, real estate investment trust and business development company products by […]

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Investors Accuse Kovack Securities Of Mismanagement

November 04, 2020  |   Posted by :   |   Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Investors Accuse Kovack Securities Of Mismanagement

Keith Landon Kelt (also known as Landon Keith Kelt) of Santa Barbara California a stockbroker employed by Kovack Securities Inc. and TKG Financial LLC is referenced in a customer initiated investment related written complaint which was settled for $12,000.00 on April 7, 2020 founded on allegations that the customer’s account had been improperly managed at […]

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Investors Bring FINRA Arbitration Claims Against Lucia Securities For Misrepresentation

November 04, 2020  |   Posted by :   |   Non-traded REITs, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Bring FINRA Arbitration Claims Against Lucia Securities For Misrepresentation

Scot Samuel Fairchild (also known as Scott Samuel Fairchild) of Henderson Nevada and San Diego California a stockbroker formerly registered with Lucia Securities LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $214,335.00 in damages supported by allegations that Nevada securities laws had been violated in reference to Fairchild’s […]

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FINRA Bars NPB Stockbroker For Fraudulent REIT Sales

November 04, 2020  |   Posted by :   |   Non-traded REITs, Securities Arbitration Claims, Securities Fraud, Unsuitable Investment Recommendations   |   Comments Off on FINRA Bars NPB Stockbroker For Fraudulent REIT Sales

Cynthia Diane Cowden (also known as Cynthia Case) of Lake Isabella California a stockbroker formerly registered with NPB Financial Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Cowden made unsuitable investment recommendations to investors and failed to be forthcoming with FINRA […]

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Investors Bring FINRA Arbitration Claims Against H Beck For Unsuitable REIT Sales

November 04, 2020  |   Posted by :   |   Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Investors Bring FINRA Arbitration Claims Against H Beck For Unsuitable REIT Sales

David Arthur Hicks of Fort Pierce Florida a stockbroker formerly registered with H Beck Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $475,000.00 in damages supported by accusations that unsuitable real estate investment trust products and variable annuity products had been sold to the customer during the […]

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Investors Bring FINRA Arbitration Claims A For Breach Of Fiduciary Duty

October 08, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Investors Bring FINRA Arbitration Claims A For Breach Of Fiduciary Duty

Gary Arthur Forrest of Flint Michigan a stockbroker formerly registered with American Portfolios Financial Services is referenced in a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages supported by accusations of negligence and the breach of fiduciary duty by the stockbroker with respect to his sales of real estate securities […]

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Dawson James Sued By Investors For UDF Fraud

September 30, 2020  |   Posted by :   |   Non-traded REITs, Securities Arbitration Claims, Securities Fraud, Unsuitable Investment Recommendations   |   Comments Off on Dawson James Sued By Investors For UDF Fraud

Willard Louis Pugh of Boca Raton Florida a stockbroker formerly employed by Dawson James Securities is the subject of a customer initiated investment related arbitration claim where the customer requested $155,000.00 in damages based upon accusations that the customer was provided with bad investment advice from Pugh as it concerned the customer’s investments in United […]

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Investors Sue Geneos For Breach Of Contract

September 14, 2020  |   Posted by :   |   Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Investors Sue Geneos For Breach Of Contract

Michael John Osland of Scottsdale Arizona a stockbroker and investment adviser representative currently employed by Geneos Wealth Management Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested more than $5,000.00 in compensatory damages founded on accusations that a contract between the customer and the securities broker dealer […]

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Summit Brokerage Services Sued For Negligence

September 14, 2020  |   Posted by :   |   Inverse/Leveraged ETF Funds, Non-traded REITs   |   Comments Off on Summit Brokerage Services Sued For Negligence

Victor A. Rigoni III of Lake Forest Illinois a stockbroker formerly registered with Summit Brokerage Services is the subject of a customer initiated investment related arbitration claim that was settled for $25,000.00 in damages founded on accusations of breach of fiduciary duty and negligence relating to Rigoni’s real estate investment trust transactions. FINRA Arbitration No. […]

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Investors Sue Sagepoint For Bad Private Placements

August 27, 2020  |   Posted by :   |   Non-traded REITs, Private Placement Fraud, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue Sagepoint For Bad Private Placements

Christopher R. Bice (also known as Cubby Rice) a stockbroker currently registered with Sagepoint Financial is the subject of a customer initiated investment related arbitration claim in which the customer requested $350,000.00 in damages based upon allegations that the customer had been placed into unsuitable private placements by Bice during the time that he was […]

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Investors Sue Berthel Fisher Over Fraudulent REIT Sales

August 27, 2020  |   Posted by :   |   Alternative Investments, Non-traded REITs, Securities Fraud, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue Berthel Fisher Over Fraudulent REIT Sales

Shawn Bruce Davis of Auburn California a stockbroker formerly associated with Independent Financial Group LLC and Berthel Fisher Company Financial Services has been referenced in a customer initiated investment related arbitration claim in which the customer requested $206,000.00 in damages supported by allegations that the customer had been unsuitably concentrated in illiquid investments including real […]

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Investors Sue Cetera For Unsuitable Private Placement Sales

August 27, 2020  |   Posted by :   |   Business Development Companies, Non-traded REITs, Private Placement Fraud, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue Cetera For Unsuitable Private Placement Sales

Susan Lavon Welo of Mayville North Dakota a stockbroker formerly employed by Cetera Advisor Networks LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages founded on accusations of unsuitable private placements being sold to the customer while Welo was employed by Securities America Inc. and […]

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Investors File Claim Against Whitehall Parker For Alternative Investments

July 29, 2020  |   Posted by :   |   Alternative Investments, Direct Participation Programs, Non-traded REITs, Tenants in Common (TICs)   |   Comments Off on Investors File Claim Against Whitehall Parker For Alternative Investments

James Marten Lamont of San Francisco California a stockbroker formerly associated with Whitehall Parker Securities Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $2,000,000.00 in damages supported by allegations that the customer had been placed into bad investments including real estate securities and direct investment products […]

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Investors Sue VFG Securities For Misrepresentation

July 29, 2020  |   Posted by :   |   Alternative Investments, Direct Participation Programs, Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Investors Sue VFG Securities For Misrepresentation

Mark Andrew Trewitt of Plano Texas a stockbroker formerly registered with VFG Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that the customer had been placed into bad alternative investments and that misrepresentations had been made to the customer […]

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Investors Sue Money Concepts Capital Corp For Fraud

July 20, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Non-traded REITs, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Investors Sue Money Concepts Capital Corp For Fraud

Dustin Paul Shafer of Springfield Illinois a stockbroker formerly registered with Money Concepts Capital Corp is the subject of a customer initiated investment related arbitration claim in which the customer requested unspecified damages based upon allegations that securities laws of the State of Illinois were violated in regard to Shafer’s securities transactions and that the […]

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Investors Sue Ameriprise For Breach Of Fiduciary Duty

July 20, 2020  |   Posted by :   |   Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Investors Sue Ameriprise For Breach Of Fiduciary Duty

Thomas David Sharp (also known as Tom Sharp) of Gold River Colorado a stockbroker currently registered with Ameriprise Financial Services LLC is the subject of a customer initiated investment related civil action in the Sacramento County California Superior Court where the customer sought unspecified damages based upon accusations of negligence and breach of a fiduciary […]

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Investors Sue Mutual Securities For Fraud

June 24, 2020  |   Posted by :   |   Non-traded REITs, Securities Fraud, Selling Away and Outside Activities   |   Comments Off on Investors Sue Mutual Securities For Fraud

Gary Lyle Pevey of Sacramento California a stockbroker formerly associated with Mutual Securities Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,001.00 in damages supported by allegations that the customer had been defrauded by making a real estate security purchase in September of 2016 during the […]

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Investors Make Claims Against LPL Financial For Alternative Investments

June 24, 2020  |   Posted by :   |   Alternative Investments, Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Investors Make Claims Against LPL Financial For Alternative Investments

Yvonne Lara Silguero of McAllen Texas a stockbroker currently associated with LPL Financial LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages supported by allegations that a fiduciary duty that was owed to the customer had been breached by Silguero as it pertained to […]

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Investors Accuse FSC Securities Of Fraudulent REITS Sales

June 24, 2020  |   Posted by :   |   Non-traded REITs, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Investors Accuse FSC Securities Of Fraudulent REITS Sales

Frank Briseno III of Metairie Louisiana a stockbroker and investment adviser representative currently registered with FSC Securities Corporation is the subject of a customer initiated investment related written complaint on May 6, 2020 in which the customer requested more than $100,000.00 in damages based upon allegations that the customer was provided bad investment advice from […]

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Kalos Capital Target Of Unsuitable Real Estate Securities Recommendations

June 23, 2020  |   Posted by :   |   Direct Participation Programs, Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Kalos Capital Target Of Unsuitable Real Estate Securities Recommendations

Joseph Patrick Roop (also known as Joepat Roop) of Belmont North Carolina a stockbroker formerly employed by Kalos Capital Inc. has been identified in a customer initiated investment related written complaint which was resolved for $17,500.00 in damages on January 29, 2020 founded on accusations that the customer was placed into unsuitable real estate securities […]

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Hilliard Lyons Sued By Investors For Fraud

June 22, 2020  |   Posted by :   |   Non-traded REITs, Securities Fraud   |   Comments Off on Hilliard Lyons Sued By Investors For Fraud

Edward Robert Taliaferro (also known as Robby Taliaferro and as Rob Taliaferro) of Chattanooga Tennessee a stockbroker formerly associated with JJB Hilliard WL Lyons has been referenced in a customer initiated investment related arbitration claim in which the customer requested $60,000.00 in damages supported by allegations that the customer had been defrauded on stock and […]

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Investors Sue Cuso Financial Services Over Unsuitable REIT Sales

June 08, 2020  |   Posted by :   |   Non-traded REITs, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue Cuso Financial Services Over Unsuitable REIT Sales

Jacqueline Lynn Hanson (also known as Jacqui Hanson Shea and as Jacqueline Hanson Moore) of Washington D.C. a stockbroker formerly registered with Cuso Financial Services LP is the subject of a customer initiated investment related arbitration claim which was settled to resolve accusations that the Cuso Financial Services customer had been placed into a real […]

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FINRA Sanctions LPL Stockbroker Unsuitable REIT Sales

May 13, 2020  |   Posted by :   |   Non-traded REITs, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on FINRA Sanctions LPL Stockbroker Unsuitable REIT Sales

Donald Stephen Woods (also known as Don Stephan Woods) of Louisville Kentucky a stockbroker formerly registered with LPL Financial has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Woods provided unsuitable investment recommendations to customers and had submitted […]

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First Allied Securities Sued For Breach Of Fiduciary Duty

May 12, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Failure To Supervise, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on First Allied Securities Sued For Breach Of Fiduciary Duty

William Michael Robertson of Denver Colorado a stockbroker registered with First Allied Securities is the subject of a customer initiated investment related arbitration claim which was resolved for $8,000.00 in damages based upon accusations of (1) negligence (2) breach of a fiduciary duty (3) unsuitable real state security transactions and (4) First Allied Securities’ failure […]

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