Have you suffered investment losses in RK Northern Greens Apartments, LLC? If so, 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 their website, Rance King Properties Inc. has specialized in multifamily investments since 1976. RK has sponsored over 100 investment programs, which have included 1031 exchanges or Tenant-in-Common.
The trouble with Tenant-in-Commons (or TICs) is that they involve a much greater degree of risk compared to traditional investments. TICs, like RK Northern Greens Apartments, are sold as unregistered securities and lack the same regulatory oversight as more traditional investment products. In general, 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.
Unfortunately, some brokers may have downplayed the risks associated with TICs and misled investors into thinking that they are “safe” investment products. The high sales commission brokers earn for selling such products may provide some brokers with enough incentive to push the product to unsuspecting investors.
Broker dealers that sell alternative investments are required to perform adequate due diligence on all investment recommendations to ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
If a broker makes an unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.
To determine whether you may be able to recover investment losses incurred as a result of your purchase RK Northern Greens Apartments or another RK Properties investment, please contact The White Law Group at 1-888-637-5510 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.