Have you suffered losses investing in iStar Inc.? If so, the securities attorneys of The White Law Group may be able to help you recover those losses in a FINRA arbitration claim against the brokerage firm that recommended the investment.
iStar Inc. operates as a real estate investment company. The Company finances, invests in, and develops real estate and real estate related projects, as well as provides corporate net lease financing services. iStar serves customers worldwide.
According to Bloomberg, iStar Inc. is down over 25% year to date and over 34% in the last 12 months. According to reports, this enormous decline appears to be in part due to large sales by hedge funds during the end of 2015. One such report indicates that “[h]edge funds are reducing their stakes in the REITs as market turmoil has caused some of the funds to struggle with liquidity issues.”
These rapid declines highlight the risks of REITs. The White Law Group has handled a number of REITs cases over the years and in many cases financial advisors fail to disclose the risks of these products (instead focusing on the potential income provided by the investments).
Brokerage firms that sell such products are required to perform adequate due diligence on the investments to ensure a reasonable likelihood of success, and to evaluate whether the investments are suitable in light of the client’s age, net worth, investment experience, and investment objectives. Firms that fail to perform adequate due diligence, or that make unsuitable recommendations, can be held responsible for losses in a FINRA arbitration claim.
If you suffered losses investing in iStar Inc. and would like a free consultation with a securities attorney, please call The White Law Group at (888) 637-5510.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.