Non-Traded REIT Loss Lawyer

Family Seeks Up to $1M in Damages From Cetera Investment Services Over Non-Traded REIT Losses in Cole Capital, Arc Realty Finance 

Another Cetera Broker Accused of Using Shared Cultural Affinity To Gain Trust of Investors of Chinese Descent 

More investors of Chinese descent are suing broker-dealer Cetera because of losses they sustained in allegedly unsuitable investments. The claimants, who live in California, are seeking up to $1,000,000 in damages. They contend that their Cetera Investment Services broker John Yin (Haiguang Yin), whom they met through East West Bank, used their mutual cultural affinity to gain their trust. He then allegedly overconcentrated all of their assets in high-risk, illiquid private placements that were unsuitable for them given their low-risk tolerance level.

This was an aggressive portfolio strategy contrary to the sound financial plan with a minimal amount of risk that these claimants were promised. There were several private placements that Cetera recommended to them, including the non-traded real estate investment trusts (non-traded REITs) Cole Capital, and Arc Realty Finance, which has suspended distributions.

 

 

In their non-traded REIT fraud lawsuit, the claimants are alleging unsuitability, concentration, gross lack of supervision, and misrepresentations and omissions. Not only that, but Cetera purportedly did not even give these investors account statements or fulfill its affirmative duty to provide them with accurate information.

Yin left Cetera without telling these customers. He is now a Packerland Brokerage Services registered representative.

Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing these claimants in their FINRA lawsuit against Cetera. If you sustained serious losses while working with a Cetera Investment Services financial advisor, contact us today to schedule your free, initial case assessment.

Our Non-Traded REIT Loss Lawyer Team Are Representing Chinese Investors Against Cetera 

Currently, we are working with investors, both US citizens/residents and foreign nationals, in recouping their investment losses from Cetera Investment Services. Many of these clients are of Chinese descent, as are the Cetera brokers that allegedly unsuitably marketed and sold them high-risk investments. The majority of them met their financial advisors through East West Bank where they were account holders.

Our other clients that are suing Cetera sustained losses in Northstar Financial Services (Bermuda), PB Investment Holdings, Beechwood Bermuda—these were sold to Chinese investors and other foreign nationals—and non-traded REITs Healthcare Trust, NorthStar Healthcare Income REIT, and Griffin Realty Trust.  Shepherd Smith Edwards and Kantas also continues to investigate allegations against other Cetera brokers whose alleged misconduct or negligence may have led to serious portfolio losses for customers.

Why Hire Our Non-Traded REIT Loss Lawyer Team To Represent You in Your Cetera Investment Loss Recovery Claim?

When you work with us, you become part of our unit of FINRA lawsuits against Cetera that is represented by our entire securities law firm. Because of this, the broker-dealer already knows that they will be going up against seasoned, well-prepared securities fraud attorneys who fully understand the nature of your claim and why Cetera should be liable for your losses.

We also have years of experience working both with American citizens and international investors in fighting for the damages they are owed by US broker-dealers. Through our dedication and hard work, more than 90% of our clients have received full or partial financial recovery.

How To Contact Our Non-Traded REIT Loss Lawyer Team:

Call (800) 259-9010 or fill out this form.