LPL Financial LLC—Failure to Implement Adequate Supervisory System

LPL Financial Allegedly Failed to Implement an Adequate Supervisory System Regarding its Sale of Non-Traded REITs LPL Financial LLC allegedly failed to implement an adequate supervisory system regarding its sale of non-traded REITS, according to Documents from the North American Securities Administrators Association (NASAA) currently under review by attorneys Joe Peiffer and Jason Kane. LPL,… Read more »

Inland REIT Investigation

investor rights lawyers

Inland American Real Estate Trust Sales Practices by Certain Investment Professionals Investigated by Securities Lawyers Inland American Real Estate Trust, Inc. is a real estate investment trust (“REIT”) that manages a portfolio of commercial real estate, primarily in the areas of lodging, multi-tenant retail, and student housing. The Peiffer Wolf Carr & Kane securities lawyers are investigating… Read more »

KBS REIT Investigation

KBS REIT Sales Practices by Certain Investment Professionals Investigated by Securities Lawyers KBS Real Estate Investment Trust I (“KBS REIT I”) is a real estate investment trust (REIT) that was sold to investors until May 31, 2008. KBS REIT I acted as both and owner of real estate and a lender that made real estate-related… Read more »

CNL Lifestyle Properties, Inc.-Related Investigation by Peiffer Wolf Carr & Kane Law Firm

CNL Lifestyle Properties, Inc. is a real estate investment trust (“REIT”) whose portfolio is focused on “lifestyle properties” such as ski and mountain properties, marinas, golf courses, gated attractions, water parks, and senior housing. The Peiffer Wolf Carr & Kane securities lawyers are investigating sales of CNL Lifestyle Properties by stockbrokers to investors for whom CNL might… Read more »

State of Massachusetts Broadening Investigation into Nicholas Schorsch’s Real Estate Reign

investment fraud attorneys

The Peiffer Wolf Carr & Kane investment recovery attorneys are presently investigating Nicholas Schorsch‘s real estate empire. Since November, William Galvin, secretary of the Commonwealth of Massachusetts, has been conducting an investigation into Realty Capital Securities, the wholesaling broker-dealer arm of Mr. Schorsch’s nontraded real estate trust empire, according to documents released by the Massachusetts Securities Division… Read more »

Nontraded REIT Industry Rocked by Reports that REIT Czar Nicholas Schorsch Allegedly Had Hand in $23 Million Accounting Error at ARCP

ohio stockbroker fraud attorneys

Do you believe that you have lost money as a result of an investment with Nicholas Schorsch or one of his nontraded REITs? The Peiffer Wolf Carr & Kane investor rights lawyers are actively investigating the Nicholas Schorsch nontraded REITs on behalf of investors, following media reports about allegations of misconduct. The more investors look at the… Read more »

Nicholas Schorsch’s Mega REIT American Realty Capital Properties Divulges Alleged Accounting Impropriety

New Orleans investment fraud attorney

The Peiffer Wolf Carr & Kane investment recovery lawyers are currently investigating Nicholas Schorsch’s nontraded REIT, American Realty Capital Properties (ARCP) to determine whether any violations of the securities laws and regulations occurred, and whether investors lost any money. Last week ARCP reportedly conceded an alleged accounting error, and, as a result, four major broker-dealers including National… Read more »

The SEC Legislates Greater Transparency of Nontraded REITs; Now Expects Per-share Valuation of Unlisted REITs

Cleveland stockbroker fraud attorney

The Securities and Exchange Commission (SEC) has authorized a new rule change which was proposed by FINRA that will allow investors broader insight into the actual costs of purchasing shares of unlisted REITs (real estate investment trusts). The SEC gave FINRA the go ahead on October 10. The new regulation would mandate broker-dealers to include… Read more »

Class Action Complaint Brought Against REIT Formerly Known as Inland Western

New Orleans investment fraud attorney

A class action on behalf of investors has been brought against Retail Properties of America, Inc. (RPAI), formerly known as Inland Western Retail Real Estate Trust, Inc., which purchased shares of the non-traded Inland Western real estate investment trust (REIT) prior to the public offering and listing of RPAI on April 9, 2012, according to… Read more »

Anthony Diaz Accused of Violating Several Regulatory Rules Designed to Protect Investors

Cleveland stockbroker fraud lawyer

Anthony Diaz, formerly associated with SII Investments, Inc. and Matrix Capital Group, Inc., is accused of recommending unsuitable variable annuity exchanges and falsifying records, according to a complaint filed by the Financial Industry Regulatory Authority’s (“FINRA”) Department of Enforcement. Diaz Allegedly Recommended Variable Annuity Exchanges Without Understanding Their Features Diaz induced approximately eighty customers to… Read more »