Nontraded REITs

Purshe Kaplan Sterling Investments Settles Claim for $9.5 Million for Alternative Products Losses with Michigan Native American Tribe

Posted on Tuesday, July 9th, 2019 at 2:49 pm    

Purshe Kaplan Sterling Investments settled a claim for $9.5 million related to the sale of alternative investments to a Native American tribe, Saginaw Chippewa Indian Tribe of Michigan, by former Purshe Kaplan Sterling Investments broker Gopi Vungarala (CRD# 4856193). It is alleged that Vungarala engaged in excessive trading of non-traded Real Estate Investment Trusts (REITs) […]

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SII Investments Charged with Supervisory Issues Related to Non-Traded REITs

Posted on Wednesday, September 27th, 2017 at 7:46 am    

Erez Law is currently investigating SII Investments financial advisors who overconcentrated customer accounts in non-traded real estate investment trusts (REITs). In September 2017, the Enforcement Section of the Massachusetts Securities Division of the Office of the Secretary of the Commonwealth charged SII Investments with unethical conduct related to the sale of non-traded REITs. Pursuant to […]

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Can I Recover Losses from Foothills Securities, Inc. Regarding Sale of Non-Traded REITs?

Posted on Sunday, April 16th, 2017 at 1:48 pm    

Erez Law is currently investigating Foothills Securities, Inc. (CRD# 1027) in Santa Clara, California regarding its failure to establish a reasonable supervisory system and procedure concerned the sale of non-liquid Real Estate Investment Trusts (REITs) in amounts that exceeded the firm’s asset concentration guidelines. Real Estate Investment Trusts are securities that invest in real estate […]

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Sales of Non-Traded REITS Drive Double Digit Growth for Independent Broker-Dealers

Posted on Tuesday, April 29th, 2014 at 8:09 am    

In 2013, independent broker-dealers returned to double-digit revenue growth on average 2013, according to Investment News. Much of this growth stems from alternative investments, particularly non-traded REITS, whose sales reached almost $20 billion in 2013, according to Investment News. Investment News reports the top 10 independent broker-dealers with the most growth from alternative investments include: […]

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