Have you suffered losses in Braintree Park, a Direct Invest TIC? If so, the White Law Group may be able to help recoup some of your loses.
The White Law Group is investigating potential securities fraud claims involving broker-dealers’ improper recommendation that investors purchase risky tenant-in-common (or TIC) investments, including Braintree Park.
Many investors were attracted to the potentially high returns offered by TICs, especially retired investors seeking a source of income. Unfortunately, TICs are high risk, speculative investments and arguably unsuitable for most investors since the TICs performance and ability to make distributions to investors is dependent on the underlying real estate property and the overall health of the real estate market.
In addition, TICs typically pay a high commission – often as much as 10%. Unfortunately for investors, these high commissions provide enough motivation for some brokers to overlook suitability issues when recommending TICs to clients.
The White Law Group has handled many FINRA arbitrations involving TIC investments, like Braintree Park, and have found that in many cases the broker-dealers that recommended these investments failed to perform the necessary due diligence on the investments prior to recommending them for sale to their clients.
If you have concerns about Braintree Park or another TIC investment you purchased, please call The White Law Group’s 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 www.whitesecuritieslaw.com.