Merrill Lynch fined by State of Massachusetts over supervisory failures.

Monday, March 30th, 2015

Merrill Lynch recently agreed to pay a $2.5 million fine in Massachusetts to settle charges that it failed to follow its own compliance rules.

Secretary of the Commonwealth William Galvin accused Merrill, Lynch, Pierce, Fenner & Smith of failing to supervise employees properly when the company made two presentations in January 2013 to financial advisers and others in Boston before properly vetting the material with its compliance department.

According to the State, the presentations were aimed at helping financial advisers increase their business and manage services provided to clients. One section discussed transferring client assets from commission-based brokerage accounts to fiduciary fee-based accounts but failed to include language about clients’ suitability for such switches.

The foregoing information, which is publicly available and widely reported, 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 Chicago, Illinois and Vero Beach, Florida.  The firm represents investors throughout the country in FINRA arbitration claims against their brokerage firm.

For a free consultation with a securities attorney, please call the firm’s Chicago office at 312/238-9650.  For more information on The White Law Group and its representation of investors, visit http://www.whitesecuritieslaw.com.

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Recovery of TIER REIT

Wednesday, March 25th, 2015

Have you suffered investment losses in TIER REIT ? 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.

The trouble with real estate investment trusts (REITs), like TIER REIT , is that they are complex and inherently risky products. Compared to traditional investments, such as stocks, bonds and mutual funds, REITs are more complex and less regulated, making them better suited for sophisticated and institutional 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 in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so, may be held responsible for any losses.

Another problem with these investments involves liquidity. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. According to LPsales.com, a secondary market for private placements, shares of TIER REIT recently sold for between $2.75 per unit in February 2015.

To determine whether you may be able to recover investment losses incurred as a result of your purchase of TIER REIT, please contact The White Law Group at (312) 238-9650 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.

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Recovery of KBS Real Estate Investment Trust

Wednesday, March 25th, 2015

Have you suffered investment losses in KBS Real Estate Investment Trust ? 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.

The trouble with real estate investment trusts (REITs), like KBS , is that they are complex and inherently risky products. Compared to traditional investments, such as stocks, bonds and mutual funds, REITs are more complex and less regulated, making them better suited for sophisticated and institutional 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 in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so, may be held responsible for any losses.

Another problem with these investments involves liquidity. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. According to LPsales.com, a secondary market for private placements, shares of KBS Real Estate Investment Trust recently sold for between $2.40 per unit in February 2015.

To determine whether you may be able to recover investment losses incurred as a result of your purchase of KBS Real Estate Investment Trust, please contact The White Law Group at (312) 238-9650 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.

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Inland American Real Estate Investment Recovery

Wednesday, March 25th, 2015

Have you suffered investment losses in Inland American Real Estate ? 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.

The trouble with real estate investment trusts (REITs), like Inland American Real Estate Trust , is that they are complex and inherently risky products. Compared to traditional investments, such as stocks, bonds and mutual funds, REITs are more complex and less regulated, making them better suited for sophisticated and institutional 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 in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so, may be held responsible for any losses.

Another problem with these investments involves liquidity. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. According to LPsales.com, a secondary market for private placements, shares of Inland American recently sold for between $3.31 -3.50 per unit in February 2015.

To determine whether you may be able to recover investment losses incurred as a result of your purchase of Inland American Real Estate Trust, please contact The White Law Group at (312) 238-9650 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.

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CNL Lifestyle Properties Investment Recovery

Wednesday, March 25th, 2015

Have you suffered investment losses in CNL Lifestyle Properties? 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.

The trouble with private placements, like CNL Lifestyle Properties, is that they lack liquidity and are inherently risky. Compared to traditional investments, such as stocks, bonds and mutual funds, private placements are more complex and less regulated, making them better suited for sophisticated and institutional 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 in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so, may be held responsible for any losses.

Another problem with these investments involves liquidity. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. According to LPsales.com, a secondary market for private placements, shares of CNL Lifestyle Properties sold for $5.57 per unit in February 2015.

To determine whether you may be able to recover investment losses incurred as a result of your purchase of CNL Growth Properties, please contact The White Law Group at (312) 238-9650 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.

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