Non-traded REITs

Archive | Non-traded REITs

Money Concepts Stockbroker Accused Of Breach Of Fiduciary Duty

October 19, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Stockbroker Negligence   |   Comments Off on Money Concepts Stockbroker Accused Of Breach Of Fiduciary Duty

Dustin Paul Shafer of Springfield Illinois a stockbroker formerly registered with Money Concepts Capital Corp is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $150,000.00 in damages supported by accusations of unsuitable direct participation program interests and limited partnership interests for their account during the time that […]

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Investors File Securities Arbitration Claim Against LPL Financial For Breach Of Fiduciary Duty

October 19, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Failure to Conduct Due Diligence, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against LPL Financial For Breach Of Fiduciary Duty

Jeffrey Guy LaBelle (also known as Jeff LaBelle) of Sarasota Florida a stockbroker formerly registered with LPL Financial LLC and First Allied Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $350,000.00 in damages based upon allegations that LaBelle breached a contract and breached a […]

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Investors File FINRA Securities Arbitration Against Summit Brokerage Over Alternative Investments

October 19, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Municipal Bond Fraud, Non-traded REITs, Over Concentration   |   Comments Off on Investors File FINRA Securities Arbitration Against Summit Brokerage Over Alternative Investments

Norman Arnold Robbins (also known as Norman Arnold Rosenberg) of Boca Raton Florida a stockbroker formerly registered with Summit Brokerage Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages supported by accusations of an overconcentration of their account in commodity funds, real estate […]

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Kalos Capital Stockbroker Accused Of Breach Of Fiduciary Duty

October 19, 2021  |   Posted by :   |   Business Development Companies, Failure to Conduct Due Diligence, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Kalos Capital Stockbroker Accused Of Breach Of Fiduciary Duty

David Michael Lademan of Okemos Michigan a stockbroker formerly registered with Kalos Capital Inc. is referenced in a customer initiated investment related written complaint on August 18, 2021, in which the customer requested compensatory damages founded on allegations of false statements and omissions relating to business development company (BDC), real estate security (REIT), equipment leasing, […]

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Investors File Arbitration Claim Against GF Investment Services

October 19, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against GF Investment Services

Steven Andrew Greer (also known as Andrew Greer) of Charlotte North Carolina a stockbroker formerly registered with GF Investment Services is the subject of a customer initiated investment related FINRA securities arbitration claim on September 3, 2020, in which the customer sought compensatory damages founded on accusations that alternative investments had been recommended by Greer […]

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First Allied Securities Stockbroker Accused Of Fraud

October 08, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Over Concentration, Stockbroker Negligence   |   Comments Off on First Allied Securities Stockbroker Accused Of Fraud

David Robert Kennon of Sarasota Florida a stockbroker formerly registered with First Allied Securities Inc. is the subject of a customer initiated investment related written complaint on July 22, 2021 where the customer sought more than $100,000.00 in damages based on accusations of Kennon’s negligence and breach of contract during the period in which he […]

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Questar Capital Accused Of Unsuitable Recommendations

October 08, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Questar Capital Accused Of Unsuitable Recommendations

Dawn Alison Strachan (also known as Dawn Alison Osogwin and as Dawn Allison Osogwin) of Torrance California a stockbroker formerly registered with Questar Capital Corporation is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $999,999.00 in damages based on accusations of Strachan’s unsuitable recommendations regarding private placements […]

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Investors File FINRA Securities Arbitration Claim Against David Lerner Associates

October 08, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Investors File FINRA Securities Arbitration Claim Against David Lerner Associates

Brian Michael Jackson of Tarrytown New York a stockbroker formerly registered with David Lerner Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $101,000.00 in damages supported by accusations of them being sold an unsuitable real estate security and mutual fund by Jackson during […]

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Kalos Capital Stockbroker Accused Of Breach Of Fiduciary Duty

October 08, 2021  |   Posted by :   |   Failure to Conduct Due Diligence, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Kalos Capital Stockbroker Accused Of Breach Of Fiduciary Duty

Michael J. Haffling of Chicago Illinois a stockbroker currently registered with Kalos Capital Inc. and Kalos Management is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested more than $100,000.00 in damages founded on allegations of negligence and breach of fiduciary duty concerning real estate security transactions by Haffling […]

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FINRA Securities Arbitration Claim Filed Against Moloney Securities For Suitability

October 08, 2021  |   Posted by :   |   Direct Participation Programs, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on FINRA Securities Arbitration Claim Filed Against Moloney Securities For Suitability

Glennon James Cole (also known as Glen James Cole) of Manchester Missouri a stockbroker formerly registered with Moloney Securities Co. Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $400,000.00 in damages based on accusations that they were placed into unsuitable real estate securities and direct […]

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Investors Accuse VFG Securities Of Breach Of Fiduciary Duty

September 16, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Investment and Regulatory News, Non-traded REITs, Over Concentration   |   Comments Off on Investors Accuse VFG Securities Of Breach Of Fiduciary Duty

Mark Andrew Trewitt of Plano Texas a stockbroker formerly registered with VFG Securities Inc. is the subject of a customer initiated investment related written complaint on October 15, 2020 where the customer requested $4,000,000.00 in damages based on accusations that unsuitable alternative investments were recommended by Trewitt while he was associated with VFG Securities as […]

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Investors File FINRA Arbitration Claim Against Berthel Fisher For Unsuitable Investment Advice

September 16, 2021  |   Posted by :   |   Failure to Conduct Due Diligence, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors File FINRA Arbitration Claim Against Berthel Fisher For Unsuitable Investment Advice

Jonathan Todd Pyne of Plymouth Minnesota a stockbroker currently registered with Berthel Fisher Company Financial Services Inc. has been referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $116,000.00 in damages based upon accusations of misrepresentation relating to their investments in real estate securities while Pyne was associated […]

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Investors Accuse Cetera Stockbroker Of Unsuitable REIT Purchases

September 16, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Cetera Stockbroker Of Unsuitable REIT Purchases

Susan Lavon Welo of Mayville North Dakota a stockbroker formerly registered with Cetera Advisor Networks LLC and Securities America Inc. is referenced in a customer initiated investment related written complaint on July 6, 2021 where the customer requested compensation founded on accusations that Welo effected unsuitable real estate investment trust purchases for their account at […]

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Geneos Wealth Management Accused Of Misrepresentation

September 16, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Geneos Wealth Management Accused Of Misrepresentation

Michael John Osland of Scottsdale Arizona a stockbroker currently registered with Geneos Wealth Management Inc. is the subject of a customer initiated investment related written complaint which was settled for $25,000.00 on August 9, 2021 based on allegations that Osland made misrepresentations to the customer in regard to a mutual fund that he sold in […]

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Ameriprise Financial Stockbroker Accused Of Misrepresentation

September 16, 2021  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Ameriprise Financial Stockbroker Accused Of Misrepresentation

Shawn Elizabeth Parker of Schaumburg Illinois a stockbroker formerly registered with Ameriprise Financial Services is the subject of a customer initiated investment related written complaint on February 12, 2021 where the customer requested $254,336.56 in damages founded on accusations of Parker misrepresenting benefits and features on a living benefit rider on their RiverSource RAVA 5 […]

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Cetera Stockbroker Accused By Investors Of Unsuitable REIT Sales

September 16, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Cetera Stockbroker Accused By Investors Of Unsuitable REIT Sales

Jeffrey Gerard Meyers (also known as Jeff Meyers) of Overland Park Kansas a stockbroker currently registered with Cetera Advisor Networks LLC is the subject of a customer initiated investment related written complaint on June 9, 2021 where the customer sought compensatory damages supported by allegations of Meyers’ unsuitable real estate security transactions while he was […]

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Securities Arbitration Claim Filed Against H. Beck For Misrepresentation

September 16, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Securities Arbitration Claim Filed Against H. Beck For Misrepresentation

William Robert Young (also known as Bill Young) of Bethesda Maryland a stockbroker formerly registered with H. Beck Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $123,000.00 in damages based on accusations that Young caused them to invest in unsuitable securities including real estate investment […]

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National Securities Accused Of More Unsuitable REIT Sales.

September 01, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on National Securities Accused Of More Unsuitable REIT Sales.

Michael Fasciglione of Mineola New York a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $422,000.00 in damages supported by allegations of Fasciglione’s unsuitable transactions relating to a private placement when Fasciglione was associated with National Securities Corp. Financial Industry […]

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FINRA Bars Primex CEO For Failure to Cooperate In Ongoing Investigation

August 26, 2021  |   Posted by :   |   Churning, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on FINRA Bars Primex CEO For Failure to Cooperate In Ongoing Investigation

Wilfredo Felix Jr. of New York New York the Chief Executive Officer and Chief Financial Officer at Primex Prime Electronic Execution Inc. (Primex) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to comply with FINRA while investigated regarding the securities broker […]

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Investors Accuse Berthel Fisher Of Unsuitable REIT Sales

August 15, 2021  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs   |   Comments Off on Investors Accuse Berthel Fisher Of Unsuitable REIT Sales

William Charles Sines (also known as Bill Sines) of Seminole Florida a stockbroker currently registered with Berthel Fisher Company Financial Services is the subject of a customer initiated investment related written complaint on December 31, 2020 in which the customer requested more than $5,000.00 in damages supported by allegations that the customer was sold an […]

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Capital Financial Services Accused Of Breach Of Fiduciary Duty

August 15, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Capital Financial Services Accused Of Breach Of Fiduciary Duty

Steven Roland Knuttila of Perham Minnesota a stockbroker formerly registered with Capital Financial Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought more than $5,000.00 in damages founded on allegations that a contract between the customer and Capital Financial Services had been breached and that […]

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Money Concepts Capital Corp Stockbroker Sanctioned By Regulator

August 15, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Securities Fraud, Selling Away and Outside Activities   |   Comments Off on Money Concepts Capital Corp Stockbroker Sanctioned By Regulator

Craig Alan Sutherland of Columbus Ohio a stockbroker formerly registered with Money Concepts Capital Corp was fined by Ohio Department of Insurance supported by findings that Sutherland failed to report that another regulator took disciplinary action against him. Case No. 30849 (Nov. 10, 2020). Sutherland has been sanctioned twice before. On July 17, 2017, he […]

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Cetera Investment Services Accused Of Unsuitable REIT Sales

August 15, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Cetera Investment Services Accused Of Unsuitable REIT Sales

Mark Angelo Senofonte of Edison New Jersey a stockbroker formerly registered with Cetera Investment Services LLC is referenced in a customer initiated investment related written complaint on February 13, 2021 where the customer sought more than $5,000.00 in damages founded on accusations that the customer was sold an unsuitable real estate investment trust given the […]

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Investors File Arbitration Claim Against CFD Investments For Fraud

August 15, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Selling Away and Outside Activities   |   Comments Off on Investors File Arbitration Claim Against CFD Investments For Fraud

Dana Bruce Vietor of Dallas Texas a stockbroker formerly registered with CFD Investments Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $108,667.00 in damages based upon allegations of fraud and a breach of contract between the customer and the securities broker dealer in regard to […]

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Investors File Securities Arbitration Claim Against Titan Securities For Fraudulent REIT Sales

August 06, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Over Concentration, Private Placement Fraud   |   Comments Off on Investors File Securities Arbitration Claim Against Titan Securities For Fraudulent REIT Sales

Walter Warren Parker of Rowlett Texas a stockbroker formerly registered with Titan Securities is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $95,000.00 in damages supported by accusations of negligence regarding the sale of interests in a private placement and the sale of a real estate security […]

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Woodstock Financial Stockbroker Barred By FINRA

August 06, 2021  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs, Unauthorized Trading   |   Comments Off on Woodstock Financial Stockbroker Barred By FINRA

Hugues Guirand of Virginia Beach Virginia a stockbroker formerly registered with Woodstock Financial Group Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by a FINRA Office of Hearing Officers Default Decision containing findings that Guirand did not cooperate with FINRA in an investigation relating to […]

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Investors File FINRA Arbitration Against Ameriprise For Unsuitable REIT Recommendations

August 06, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Investors File FINRA Arbitration Against Ameriprise For Unsuitable REIT Recommendations

Richard Paul Martin of Goshen New York a stockbroker currently registered with Ameriprise Financial Services LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $330,430.00 in damages based on accusations of the customer being sold unsuitable investments including non-traded real estate investment trusts, annuities and insurance products […]

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Investors File FINRA Claim Against FSR Advisory Services For Unsuitable Recommendations

August 06, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Private Placement Fraud   |   Comments Off on Investors File FINRA Claim Against FSR Advisory Services For Unsuitable Recommendations

Scott Vincent Kaup of Stuart Nebraska a stockbroker formerly registered with FSR Advisory Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested more than $5,000.00 in damages supported by accusations that Kaup provided unsuitable recommendations to the customer regarding private placements and real estate securities transactions […]

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Investors File Arbitration Claim Against Concorde

July 31, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Investors File Arbitration Claim Against Concorde

Mark Huber of Racine Wisconsin a stockbroker and investment adviser representative of Concorde Investment Services is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $32,000.00 in damages supported by accusations that Huber breached a fiduciary duty in reference to a real estate investment trust (REIT) that […]

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LPL Financial Accused Of Misrepresentation In Connection With Sale of REITs

July 31, 2021  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on LPL Financial Accused Of Misrepresentation In Connection With Sale of REITs

Michael James Henschel of Stevens Point Wisconsin a stockbroker and investment adviser representative of LPL Financial LLC has been referenced in a customer initiated investment related written complaint on March 27, 2020 where the customer sought $13,900.00 in damages based upon allegations that they were sold a real estate investment trust (REIT) that was misrepresented […]

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