April 14, 2017 Comments (0) Current Investigations

Vestin Realty Mortgage II Investment Losses

Vestin Realty Mortgage II
(Last Updated On: June 15, 2017)

Vestin Realty Mortgage II Securities Fraud Investigation

Did you lose money investing in Vestin Realty Mortgage II at the recommendation of your broker? If so, the securities attorneys of The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration claim against the brokerage firm that employs him.

Vestin Realty Mortgage II, Inc., formerly Vestin Fund II, LLC, invests in loans secured by real estate through deeds of trust, according to their website.  The company acquires, manage or sell real property and acquire entities involved in the ownership or management of real property. Vestin Realty Mortgage II, Inc. was a publicly traded on the Nasdaq Capital Market under the symbol “VRTB,” with headquarters located in Las Vegas, Nevada.

Vestin Realty Mortgage II, Inc. announced on March 8, 2017 that it notified the Nasdaq Stock Market of its intent to voluntarily delist its common stock from the Nasdaq Capital Market, and that it intends to voluntarily deregister its common stock under the Securities Exchange Act of 1934 and cease filing reports with the Securities and Exchange Commission

The decision to voluntarily delist and deregister the common stock is a cost savings step that will reduce expenses associated with the Company’s Nasdaq listing and compliance with SEC reporting requirements, which include legal, accounting and other administrative fees, according to the company.

Vestin Realty Mortgage II’s common stock was thinly traded and the Company does not believe the benefits of having its common stock listed and registered outweigh the burden of those annual costs. Management believes that the expense reductions created by delisting and deregistering the Company’s shares will benefit the Company

The Trouble with REITs

Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITS, like Vestin Realty Mortgage II, are considerably more complex and involve a high degree of risk.

Unfortunately many investors were not made adequately aware of the risks and liquidity problems associated with REITs.

The White Law Group has represented numerous investors in claims against the brokerage firm that recommended non-traded REITs to these investors.

Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure 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 Vestin Realty Mortgage II 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.