REIT Fraud Attorney

Elderly Retiree Sues LPL Financial For Six-Figure REIT Losses. Our Seasoned REIT Fraud Attorney Team is representing Arkansas Widow

A novice retiree investor is seeking up to $500K in damages from LPL Financial for losses she sustained in illiquid real estate investment trusts (REITs). Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing this claimant in her Financial Industry Regulatory Authority (FINRA) arbitration claim against this broker-dealer.

In her FINRA lawsuit, this Arkansas widow contends that instead of receiving prudent investment advice, her late husband’s ex-LPL financial advisor allegedly unsuitably recommended risky products, including privately traded REITs that are generally bad investments for novice investors, including retirees that are reluctant to take on undue risk.

This LPL broker purportedly misrepresented his investment recommendations as safe and claimed they would help to fulfill her goals. The registered representative then allegedly made duplicative recommendations and concentrated her portfolio, which is a risky move in itself.

In her REIT fraud claim, this older investor is also alleging lack of supervision, negligence, grossly negligent behavior, breach of fiduciary duty, breach of contract, and more, which the lawsuit contends, led to her significant losses.

Why File A Private REIT Fraud Lawsuit?

Private real estate investment trusts are not listed on any major exchange nor do they have to abide by most US Securities and Exchange (SEC) regulatory requirements. They generally are supposed to be sold to accredited investors and institutional investors, not to retail investors, novice investors, and conservative retirees. Yet there are financial advisors who continue to unsuitably market and sell these alternative investments even when doing so places an investor’s money at huge risk.

If you or someone you love has sustained serious private REIT losses and you think they may be the victim of broker negligence or misconduct, Shepherd Smith Edwards and Kantas can help you explore your legal options. Our senior investment loss recovery attorneys have represented many elderly investors and their families over the years in pursuing the damages they are owed.

We understand how devastating it can be to see your money disappear because of bad management and poor advice by the financial advisor you trusted. Our REIT fraud lawyers have the skills, resources, and knowledge to fight for your financial recovery if we decide to work together.

Over the decades, we have secured a collective many millions of dollars for thousands of investors from US broker-dealers, including the largest Wall Street firms. With more than a combined century’s worth of experience in securities law and the securities industry, our entire team of savvy real estate investment trust loss attorneys, legal assistants, consultants, and others know how to maximize a client’s chances for a full financial recovery.

Call our REIT Fraud Attorney team at (800) 259-9010 today.