Articles Tagged with Non-Traded REIT Fraud Law Firm

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.