Have you suffered investment losses in Phillips Edison Grocery Center REIT I? 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.
On June 7, 2016, Phillips Edison Grocery Center REIT I, Inc. (PEGCR) announced that a third party tender offer by CMG Partners, LLC, CMG Acquisition Co. LLC, and CMG Income Fund II, LLC, (collectively CMG), to purchase up to 1,000,000 shares of PEGCR at $5.25 per share. Unfortunately for many investors, a valuation of $6.00 would be a significant loss on their capital investment.
The White Law Group is investigating potential claims against the broker dealers that sold high risk investments, like Phillips Edison Grocery Center REIT I, onto unsuspecting investors.
REITs are complex and high risk investments that are really only suitable for sophisticated investors. It is the duty of the brokerage firm to perform due diligence on any investment and to ensure that the investment is suitable for a particular investor in light of that investor’s age, investment objectives, income, net worth, and investment experience. Given the current risk of devaluation of these REITs, such investments are likely only suitable for wealthy and/or sophisticated investors.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses in a FINRA arbitration claim.
If you have invested in Phillips Edison Grocery Center REIT I and would like to speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 for a free consultation.
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. To learn more about The White Law Group visit www.whitesecuritieslaw.com.