Have you suffered investment losses in a Passco Lionsgate tenant-in-common (TIC)? If so, The White Law Group may be able to help you recover your losses through a FINRA arbitration claim against the brokerage firm that recommended the investment.
Many investors are attracted to the potentially high returns offered by TICs, especially retired investors seeking a source of income. Unfortunately, TICs are high risk, speculative investments and arguably unsuitable for most investors since the TICs performance and ability to make distributions to investors is dependent on the underlying real estate property and the overall health of the real estate market.
TICs can involve high risks and liquidity problems and in many cases brokerage firms misrepresent these risks and instead focus on the potential income stream. Furthermore, TICs typically pay a high commission – often as much as 10%. Unfortunately the these high commissions provide enough motivation for some brokers to overlook suitability issues when recommending TICs to clients.
Brokerage firms that sell TICs, like Passco Lionsgate, have a fiduciary duty to recommend investments that are in line with the client’s investment objectives, risk tolerance, age, net worth, investment experience, and liquidity needs. In addition, brokerage firms are required to adequately disclose all the risks associated with any given investment, and to perform adequate due diligence to determine if the investment has a reasonable likelihood of success.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of a risky TIC investment, please contact The White Law Group at (312)238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.