Our Gulfport, Mississippi Non-Traded REIT Loss Law Firm Represented Retail Investors, Retirees, Accredited Investors and Wealthy Investors
If you are a Mississippi investor who sustained losses in a non-traded real estate investment trust (non-traded REIT), contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today. Unfortunately, this type of investment can lead to significant losses especially when unsuitably marketed by a financial advisor.
For over 30 years, our non-traded REIT fraud attorneys have been helping investors to recoup their investments caused, even if just in part, by stockbroker misconduct or negligence. From our Gulfport, MS securities law office, we work with clients in Harrison County, Amite County, Washington County, Jackson County, and the rest of The Magnolia State.
When Non-Traded REITs Lead To Portfolio Losses for Mississippi Investors
Non-traded real estate investment trusts can be public or private. Public non-traded REITs have to be registered with the US Securities and Exchange Commission (SEC) and may be sold to retail investors. Private REITs are unregistered and should be only marketed to accredited, sophisticated investors who meet certain income/net worth level thresholds.
Regardless, investing in any kind of real estate can be a risky proposition. It is up to the broker that is marketing and selling them to conduct the necessary due diligence to make sure a non-traded REIT is both a viable investment and appropriate for an investor given their financial goals, age, risk-tolerance level, and other key factors.
Many non-traded REITs are illiquid and complex. Their price may not accurately reflect the value of underlying holdings or the potential for possible dividend payments in the future. Also, pricing can be set by management and may not be in line with actual market value. Not only that, but many non-traded real estate investment trusts are highly leveraged.
They may utilize debt and/or investors’ principal to issue dividends. Because they are often non-transparent, financial issues can be more easily concealed, and there may be conflicts of interest. Depending on the investing model, a non-traded REIT could end up proving unsustainable, which can lead to failure.
Losses from non-traded REITs can be exacerbated by broker misconduct or negligence. Purportedly motivated by the high fees and commissions they can earn, there are financial advisors who will ignore a customer’s best interests and push them into these alternative investments.
Unsuitability, misrepresentations and omissions about the risks, overconcentration by placing too much of a customer’s assets into a non-traded REIT, and failure by the broker-dealer to properly supervise the broker or the customer’s account can lead to investment losses that could otherwise have been avoided. In such instances, the Mississippi non-traded REIT investor may be able to sue the brokerage firm and their registered representative for damages.
How Can You Pursue Your Non-Traded REIT Financial Recovery in Mississippi?
First, you will need to contact our Gulfport, MS non-traded real estate investment trust law firm and schedule a free initial case assessment. With more than a century’s worth of combined experience in securities law and the securities industry, Shepherd Smith Edwards and Kantas knows how to identify when investment losses are due to financial advisor fraud or negligence.
If you have grounds for suing your broker, then you will want to work with seasoned Mississippi non-traded REIT lawyers that know how to conduct a thorough investigation into how your losses happened and can build a solid financial advisor fraud lawsuit on your behalf. Pursuing damages against a broker-dealer is always challenging, especially as most of them would rather deny liability than pay you for your losses.
Many of us at Shepherd Smith Edwards and Kantas used to work in the brokerage industry in senior positions at some of the largest broker-dealers. We left because we witnessed a lot of unsavory practices that were hurting investors. It is why we do what we do now, exclusively fighting for clients and protecting their legal rights to damages from financial advisors and their firms.
More than 90% of those we have represented received full or partial financial recovery through our skilled efforts and dedication. Over the years that has equated to thousands of investors collectively recovering many millions of dollars in awards and settlements.
Talk To Our Gulfport, MS Non-Traded Real Estate Investment Trust Law Firm
Call our Mississippi Non-Traded REIT Loss Law Firm at (228) 206-2493 or (800) 259-9010 to schedule your free, initial case assessment. You can also contact us online.
Our Mississippi Non-Traded REIT Loss Law Firm:
2118 18th St #100
Gulfport, MS 39501