Are you concerned about investment losses in First Capital Real Estate Trust Inc.?
If so, The White Law Group may be able to help you. It’s possible to recover your losses by filing a FINRA Resolution claim against the brokerage firm that sold you the investment.
As we told you in October, First Capital Real Estate Trust Inc. announced that its board of directors had planned to suspend monthly distributions. First Capital Real Estate Trust Inc. reported the suspension which was effective in November, was necessary to protect cash reserves. Then in November, Investment News reported that First Capital Real Estate Trust Inc. was failing to pay employees on time. They have missed filing financial statements with the SEC for more than a year.
First Capital Real Estate Trust was formerly named United Realty Capital Trust Inc. In 2015, the company’s former CEO and owner, Jacob Frydman, sold the company to First Capital Real Estate Investments.
Broker dealers are required to perform adequate due diligence on any investment they recommend. They must insure that all recommendations are suitable for the investor. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses.
If you have invested in First Capital Real Estate Trust Inc. 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.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.