Tag: non-traded REITs

Investor Should Beware of Brokers Pushing non-traded REITs

May 26, 2014 / Blog Posts , Tags:

Billions of dollars are pouring into the coffers of non-traded REITs thanks to fat commissions and even kick back schemes offered to the brokers and firms hawking them. At Vernon Litigation Group, we’ve cautioned investors about the dangers of these high-risk and mostly illiquid investments and reported that securities regulators are increasingly alarmed at the tactics used to sell these products to retail investors. Misrepresentations about these REIT products, which aren’t publicly traded on a […]

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Securities Regulators Scrutinize Potentially Unethical Commissions

Anyone contemplating an investment in a private or unlisted Real Estate Investment Trust, or REIT, should consider the motivations of the broker and brokerage firm hawking it. Unlisted REITs are investments that aren’t traded on the New York Stock Exchange or Nasdaq market. As such, they can be difficult for investors to sell and difficult for investors to value. To overcome marketplace concerns, the managers and operators of private REITs […]

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Private and Unlisted REITs: Are They Safe

May 19, 2014 / Blog Posts , Tags: ,

As attorneys who regularly represent investors, we believe the unique problems and risks associated with unlisted REITs are now coming home to roost. Although unlisted REITs may tout the fact they have outperformed public REITs, we believe these products have added risks relating to valuation and redemption rights. These risks and concerns call in to question the appropriateness of these products for many investors, especially those with a limited liquid […]

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Vernon Litigation Group and Dovin Malkin & Ficken Law Firms File Another Multimillion Dollar Claim in FINRA Arbitration, Including REITs Sold by Paul Larsen, on Behalf of a Physician and His Wife in FINRA Arbitration

NAPLES, Fla., Oct. 4, 2013 — This week, the law firms of Vernon Litigation Group and Dovin Malkin & Ficken filed another multimillion dollar FINRA arbitration relating to the sale of high-commission, high-risk, and illiquid products, including non-traded REITs. These products were sold by financial advisor Paul Larsen. Due to the actions of Larsen—as well as the compliance breakdowns in supervising Larsen—a physician and his wife of more than 50 years are now […]

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