Have you suffered investment losses in Apple Hospitality REIT, formerly Apple REIT Nine? If so, the securities attorneys of The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
According to a letter to shareholders, a recent tender offer of $7.25 was made to purchase shares. Unfortunately for many investors, this represents a 34% loss on shares that were originally purchased for $11.00.
Compared to traditional investments, such as stocks, bonds and mutual funds, REITS are considerably more complex and involve a high degree of risk. Unfortunately many investors were not made adequately aware of the risks and lack of liquidity associated with REITs.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so, may be held responsible for any losses.
Unfortunately, the high sales commissions associated with REITs often provides some broker dealers with enough incentive to overlook suitability requirements (broker dealers earn extremely high sales commission for selling private placements, sometimes as high as 15%).
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Apple Hospitality REIT please contact The White Law Group at (312) 238-9650 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on the firm, visit www.WhiteSecuritiesLaw.com.
The White Law Group is investigating potential claims involving Apple Hospitality REIT.