Dallas Non-Traded REIT Fraud Law Firm. We Work With Texas Investors Against Negligent and Bad Brokers Who Unsuitably Sell Alternative Investments
From our securities law offices in Dallas and Houston, Shepherd Smith Edwards and Kantas (investorlawyers.com) works with investors throughout Texas in pursuing the damages they are owed because a financial advisor may have unsuitably marketed and sold them non-traded real estate investment trusts (non-traded REITs). These are illiquid, risky investments, many of which can be sold to retail customers, seniors, and retirees. However, that does not always mean that non-traded REITS are an appropriate recommendation for every customer.
Our Dallas, TX non-traded real estate investment loss attorneys know how to determine whether broker fraud or negligence was involved. We have been fighting for investors in The Lone Star State against broker-dealers all over the United States for more than 30 years. With over a 100 years of collective experience in securities law and the securities industry, our Texas investor law firm has represented clients in over 1000 matters in arbitration, mediation, and litigation. More than 90% of investors we have worked with have secured full or partial financial recovery because of our skilled efforts and dedication.
Why Might A Texas Investor Have Grounds For A Non-Traded REIT Fraud Claim?
More than $100B has been invested, primarily by unsophisticated investors, in non-traded real estate investment trusts over the past 25 years. Not listed on any exchange, these are generally illiquid investments.
Although they give investors a chance to get involved in real estate that generates income—potentially creating an additional income stream—there are risks involved, such as: limited redemption programs; difficulty assessing share value due to a lack of transparency; distributions that might be heavily subsidized or come from borrowed funds; and dividends that might come from another investor’s money rather than property income, which can restrict cash flow and lower share value.
Also, the majority of real estate investment trusts charge high upfront fees of 9-10%, and there may be external management fees that can lower returns even more. Not only that, but if a non-traded REIT does go public or a liquidity event occurs, the price of shares will likely go down significantly.
What Does Broker Fraud Have To Do With Your Non-Traded REIT Losses?
Financial advisors have a duty to conduct the proper due diligence to not only ensure suitability before recommending a non-traded REIT to an investor, but also, it is their job to identify any red flags indicating financial trouble, fraud, or anything else that is amiss. Yet, unsuitability remains one of the common reasons that investors end up suing their broker-dealers for their losses.
Other legal grounds a Dallas non-traded REIT investor might have for filing a FINRA arbitration claim seeking damages from a brokerage firm: misrepresentations and omissions, breach of fiduciary duty, overconcentration of their portfolio with too many risky, alternative investments, negligence, and/or a failure to supervise.
It is very important that you file your own legal claim seeking damages rather than joining class action litigation or trying to pursue this case on your own. FINRA arbitration is where disputes between brokers and investors are made.
Our Dallas, Texas non-traded real estate investment trust attorneys know how to maximize your chances for a full recovery. Over the decades, we have helped thousands of investors to collectively recoup many millions of dollars from the financial firms that were liable.
Why You Want Work With Knowledgeable Dallas Non-Traded REIT Fraud Law Firm
Most brokerage firms would rather deny liability or even blame you for your investment losses. It is just one of the reasons why retaining the services of skilled Dallas non-traded real estate investment trust attorneys is so important.
The Shepherd Smith Edwards and Kantas Dallas Non-Traded REIT Fraud Law Firm, most of us are former financial advisors who left that industry because there were a lot of unsavory practices that we witnessed that were causing investors harm. We now use our knowledge as former insiders of the brokerage industry to protect investors and fight for them. This is the only kind of law we practice. When you retain our law firm, all of us will be working with you to maximize your chances for a full recovery.
How To Contact Our Dallas Non-Traded REIT Fraud Law Firm:
Call (214) 613-5306 or (800) 259-9010. You can also fill out this online form.
Founders Square
900 Jackson St, #440-A
Dallas, TX 75202