Clearing House Heavy Weights Fidelity, Pershing, and Schwab Reportedly Suspend Trading of Schorsch REITs on Temporary Basis

investor rights attorneyHave you put investment dollars into Nick Schorsch’s nontraded REITs?

The Peiffer Rosca Wolf investment recovery lawyers are on the move and currently investigating the recent sales of REITs by Nicholas Schorsch’s Realty Capital Securities.

According to reports currently being reviewed by attorneys Joe Peiffer and Alan Rosca, several leading independent broker-dealers, with 38,800 registered reps and investment advisers, allegedly pulled out of, at least temporarily, the selling of ARC or Cole REITs.

The recent reports are the latest bit of alleged bad news, negative publicity and apparent infighting for Schorsch’s REIT Empire, including American Realty Capital (ARC) and Cole branded REITs.

On November 12, 2014, reports currently being reviewed by attorneys Joe Peiffer and Alan Rosca also surfaced that ARC was allegedly suing RCS Capital Corporation over the reported failed Cole Capital transaction.

RCAP’s alleged deal to buy Cole from ARCP was announced at the start of October, wherein RCAP was allegedly to pay at least $700 million for the Cole assets.

Nicholas Schorsch is chairman and CEO of ARC, and is also the former CEO and current chairman of ARCP, which owns Cole Capital Partners and Cole Capital Advisors Inc.

Investment Fraud Attorneys Recovery Lawyers Investigating

The Peiffer Rosca Wolf investment rights attorneys often represent investors who lose money as a result of investment misconduct. They are currently investigating Nicholas Schorsch and the sale of ARC and Cole REITs, and the possibility of assisting any investors with the recovery of any losses they may have suffered. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Any Investors who believe they lost money as a result investment with Nicholas Schorsch or investment in ARC or Cole REITs may contact the investment rights attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

phil korosec (1252 Posts)

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.