February 9, 2015 Comments (0) Blog, Securities Fraud

FINRA arbitration filed against Questar Capital and Centaurus Financial to recover investment losses

(Last Updated On: July 17, 2015)

The White Law Group announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration statement of claim against Questar Capital and Centaurus Financial.  This claim seeks to recover losses between $500,000 and $999,999.

The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of a Florida investor alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Questar Capital and Centaurus Financial unsuitably invested the client in Core Realty Series A Debenture (2007, 8% Secured), KBS REIT, Strategic Storage Trust, Inc, Dividend Capital, Cornerstone Core Properties REIT, Inc. (n/k/a Summit Healthcare REIT, Inc.), Behringer Harvard REIT I (n/k/a TIER REIT), Inland American REIT, Wells REIT II (n/k/a Columbia Property Trust), Behringer Harvard Multifamily REIT I, Inc. (n/k/a Monogram Residential Trust, Inc.), and Core Series 2008 – A 9% Secured Debenture – Revere Golf Club.

Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor.  It is alleged that Questar Capital and Centaurus Financial failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors.

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional.  It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court.

For more information on the claim filed by The White Law Group, please contact the firm’s Chicago office at 312-238-9650.

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 White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.