Have you suffered investment losses in United Mortgage 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.
According to files with the SEC, United Mortgage Trust was a real estate investment trust (REIT) formed in 1996. The REITs most recent quarterly report stated the “NAV at September 30, 2014 and December 31, 2013 was $14.51 and $14.66 per share, respectively.” Thats a significant loss to investors, if they are even able to find a buyer.
According to LPsales.com, a secondary market for private placements, shares of United Mortgage Trust recently sold for $5.35 per share in December 2014.
Unfortunately many investors were not made adequately aware of the risks and lack of liquidity associated with REITs. Compared to traditional investments, such as stocks, bonds and mutual funds, REITS are considerably more complex and involve a high degree of risk.
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. The investor’s age, risk tolerance, net worth, and investment experience should all be taken into consideration. Brokers that fail to do so, may be held responsible for any losses.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of United Mortgage Trust, please contact The White Law Group 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 Franklin, Tennessee. For more information on the firm, visit www.WhiteSecuritiesLaw.com.