Have you suffered investment losses in Summit Healthcare REIT, formerly Cornerstone Core Properties? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration.
Summit Healthcare REIT is a real estate investment trust incorporated in October 2004. According recent SEC filings, as of December 31, 2014 the REIT was valued at $2.04 per share. However, investors looking to sell their shares may have trouble finding a buyer willing to pay the estimated price.
REITs are complex high risk securities that lack liquidity and making them unsuitable for many investors. Unfortunately, the high commissions associated with REITs often provides some broker-dealers with enough incentive to downplay the risks and overlook FINRA suitability rules when making investment recommendations to clients.
The White Law Group is investigating potential securities fraud claims involving broker-dealers’ improper recommendation that some investors purchase REIT investments. Brokerage firms that sell such products are required to perform adequate due diligence on the investments to ensure a reasonable likelihood of success, and to evaluate whether the investments are suitable in light of the client’s age, net worth, investment experience, and investment objectives.
Firms that fail to perform adequate due diligence, or that make unsuitable recommendations, can be held responsible for losses in a FINRA arbitration claim. If you suffered losses investing in Summit Healthcare REIT and would like a free consultation with a securities attorney, please call The White Law Group at (312)238-9650.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.