Recovery of United Mortgage Trust Investment Losses

Friday, October 17th, 2014

Did you suffer losses investing in United Mortgage Trust? If so, The White Law Group may be able to help recover your investment loss through a FINRA dispute resolution claim against the broker dealer that sold you the investment.

According to LP sales, United Mortgage Trust sold for a mere $5.47 in September. Private placements, like United Mortgage Trust, often lack liquidity. Many investors are not fully aware of the problems and high risks associated with these investments before purchasing them. When the investment goes bad, many are often left searching for a buyer.

Brokers that sell private placements have a fiduciary duty to adequately disclose the risks associated with any investment product. They are also required to perform the necessary due diligence to determine a reasonable likelihood of success.

In addition, brokers often earn substantial sales commissions on private placements.  Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market.  Unfortunately in many cases, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations.

Brokers that fail to uphold securities laws and regulations, or fail to uphold their fiduciary duty to clients, may be liable for investment losses.

If you invested United Mortgage Trust and would like to discuss your potential to recover investment losses, please call our Chicago office at (312)238-9650 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, please visit our website at www.WhiteSecuritiesLaw.com.

 

 

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Recovery of TIER REIT Investment Losses

Friday, October 17th, 2014

Did you suffer losses investing in TIER REIT? If so, The White Law Group may be able to help recover your investment loss through a FINRA dispute resolution claim against the broker dealer that sold you the investment.

According to LP sales, TIER REIT sold for a mere $2.29 in September. Private placements, like TIER REIT, often lack liquidity. Many investors are not fully aware of the problems and high risks associated with these investments before purchasing them. When the investment goes bad, many are often left searching for a buyer.

Brokers that sell private placements have a fiduciary duty to adequately disclose the risks associated with any investment product. They are also required to perform the necessary due diligence to determine a reasonable likelihood of success.

In addition, brokers often earn substantial sales commissions on private placements.  Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market.  Unfortunately in many cases, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations.

Brokers that fail to uphold securities laws and regulations, or fail to uphold their fiduciary duty to clients, may be liable for investment losses.

If you invested TIER REIT and would like to discuss your potential to recover investment losses, please call our Chicago office at (312)238-9650 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, please visit our website at www.WhiteSecuritiesLaw.com.

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Recovery of Inland American Real Estate Trust Investment Losses

Friday, October 17th, 2014

Did you suffer losses investing in Inland American Real Estate Trust? If so, The White Law Group may be able to help recover your investment loss through a FINRA dispute resolution claim against the broker dealer that sold you the investment.

According to LP sales, Inland American sold for a mere $6.20 in September. Private placements, like Inland American, often lack liquidity. Many investors are not fully aware of the problems and high risks associated with these investments before purchasing them. When the investment goes bad, many are often left searching for a buyer.

Brokers that sell private placements have a fiduciary duty to adequately disclose the risks associated with any investment product. They are also required to perform the necessary due diligence to determine a reasonable likelihood of success.

In addition, brokers often earn substantial sales commissions on private placements.  Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market.  Unfortunately in many cases, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations.

Brokers that fail to uphold securities laws and regulations, or fail to uphold their fiduciary duty to clients, may be liable for investment losses.

If you invested Inland American Real Estate Trust and would like to discuss your potential to recover investment losses, please call our Chicago office at (312)238-9650 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, please visit our website at www.WhiteSecuritiesLaw.com.

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Recovery of Atel Capital Equipment Fund XI Investment Losses

Friday, October 17th, 2014

Did you suffer losses investing in Atel Capital Equipment Fund XI? If so, The White Law Group may be able to help recover your investment loss through a FINRA dispute resolution claim against the broker dealer that sold you the investment.

According to LP sales, Atel Capital sold for a mere $2.55 in September. Private placements, like Atel Capital, often lack liquidity. Many investors are not fully aware of the problems and high risks associated with these investments before purchasing them. When the investment goes bad, many are often left searching for a buyer.

Brokers that sell private placements have a fiduciary duty to adequately disclose the risks associated with any investment product. They are also required to perform the necessary due diligence to determine a reasonable likelihood of success.

In addition, brokers often earn substantial sales commissions on private placements. Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market. Unfortunately in many cases, the high sales commision may provide some brokers with enough incentive to make unsuitable investment recommendations.

Brokers that fail to uphold securities laws and regulations, or fail to uphold their fiduciary duty to clients, may be liable for investment losses.

If you invested Atel Capital Equipment Fund XI and would like to discuss your potential to recover investment losses, please call our Chicago office at (312)238-9650 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, please visit our website at www.WhiteSecuritiesLaw.com.

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Ronald Willard Vaught barred from securities industry by FINRA

Friday, October 17th, 2014

According to a recent FINRA Disciplinary Actions announcement, Ronald Willard Vaught (CRD #2605545, Melbourne, Florida) submitted an AWC in which he was barred from association with any FINRA member in any capacity.

Without admitting or denying the findings, Vaught consented to the sanction and to the entry of findings that he failed to disclose an outside business activity to his member firm. The findings stated that Vaught failed to update an elderly customer’s firm Trustee Certification form to disclose amendments to her living trust agreement and identify himself as the successor trustee and beneficiary. Upon the customer’s death, Vaught became trustee to the trust. Vaught was aware that firm policy required disclosure and written approval prior to engaging in any outside activity, and that the firm prohibited representatives from serving as trustee to a firm customer. Despite this awareness, Vaught acted as trustee for the trust without prior notice to, or authorization from, the firm. Vaught disclosed his role as trustee only after the firm confronted him.

The findings also stated that Vaught falsified, or caused to be falsified, the signature of the customer and the signature date on a business-related form. The customer could not have signed and dated the form, or authorized Vaught to sign and date on her behalf, because she was deceased. Vaught violated firm policy by falsifying or causing to be falsified the customer’s signature on a document without her authorization, and altering the signature date.

The findings also included that Vaught converted funds from the trust by improperly making a distribution to his daughters from the trust without first deducting prior monetary gifts as required by the trust and by making distributions to himself that were not authorized by the trust. The customer intended all monetary gifts given to Vaught’s daughters during her lifetime to be deducted from the amount distributed to each daughter pursuant to the trust. Vaught’s $150,000 distribution to his daughters failed to comport with the customer’s intended use of the funds because Vaught failed to deduct volleyball dues payments the customer had made for the benefit of his daughters. Vaught improperly retained $6,860 to which he was not entitled from the trust funds. Vaught also made four payments totaling $42,599.74 for his own benefit from the trust funds. The trust did not authorize these payments.

For FINRA’s full findings, see FINRA Case #2014040379101.

According to his FINRA Broker Report, Vaught was registered with Raymond James Financial Services from January 2005 through February 2014.

The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Vero Beach, Florida and Chicago, Illinois.  The firm represents investors throughout the country in claims against brokerage firms.

For more information on the firm, visit http://www.whitesecuritieslaw.com.

For a free consultation with a securities attorney, please call the firm’s Vero Beach office at 772/242-9330.

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