California Senior Files 6-Figure Moody National REIT II Loss Lawsuit Against Centaurus Financial. Our Non-Traded REIT Fraud Law Firm Are Representing This Claimant
A Newport Beach, CA investor is suing Centaurus Financial for up to $500K because of losses she sustained in real estate investment trusts (REITs), including Moody National REIT II. This claimant is an octogenarian semi-retiree and inexperienced when it comes to investing. She looked to this brokerage firm for investment guidance while making it clear she did not want to take on any undue risk.
Shepherd Smith Edwards and Kantas (investorlawyers.com) are representing this elderly investor. In her FINRA arbitration case, she is accusing Centaurus of allegedly unsuitably recommending illiquid, high-risk, non-traded REITs, including Moody. She also is claiming breach of contract, failure to properly supervise, breach of fiduciary duty, and more. Our client contends that Centaurus broker Gregory Scott Kinkead made misrepresentations and omissions about the risks involved with real estate investment vehicles.
We also should note that we are representing others against Centaurus Financial. These investors sustained losses in GWG L Bonds and Silver Star Properties REIT, which, like Moody National REIT II, are alternative investments that should never have been sold to retail investors.
Our Moody National REIT II Loss Lawyers Offer Quality Securities Representation and Personal Attention
We have been investigating Moody National REIT II losses since it took a serious hit during the COVID-19 pandemic. Its portfolio of securities included more than a dozen hotels, including premiere brands Hyatt, Marriott, and others. This non-traded REIT’s share price dropped significantly. Regardless, many of the investors we have spoken to said they were never fully apprised of the risks.
In truth, Moody National REIT II should only have been marketed to sophisticated investors. Yet the high commissions and fees brokerage firms stood to earn may have compelled them to sell this risky, non-transparent investment to conservative seniors and inexperienced investors.
For over 30 years, Shepherd Smith Edwards and Kantas have represented retail investors and others against US broker-dealers. We have worked with many non-traded REIT investors to recoup the damages they are owed.
Contact us today and we can help you explore your legal options during a free, initial case assessment. If you have legal grounds for suing your broker-dealer, and we decide to work together, know that we will be with you every step of the way. We understand how devastating it can be to sustain portfolio losses especially when you were led to believe that your money was being kept safe.
Broker misconduct and negligence remain huge problems in this industry. Our securities law firm is exclusively dedicated to fighting for investors and trying to help them become financially whole again. It is also why, if you hire us, you won’t just be working with one of our skilled non-traded REIT attorneys, everyone at our firm will be fighting for you.
This is not the type of legal case you want to pursue on your own. Also, be warned that most brokerage firms would rather stonewall your efforts or shift the blame elsewhere, including onto you.
How To Contact Our Non-Traded REIT Fraud Law Firm
More than 90% of our clients have received full or partial recovery because of our hard work and dedication. Call our Non-Traded REIT Fraud Law Firm at (800) 259-9010.