Are you concerned about investment losses in United Mortgage Trust? If so, The White Law Group may be able to help you recover your losses by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.
The White Law Group has handled a number of claims involving non-traded real estate investment trusts (REITs) like United Mortgage Trust. In those claims, the firm has alleged, among other things, that REITs were:
(1) high-risk and unsuitable for our clients given their financial needs and investment objectives,
(2) that the risks of the investment were not fully disclosed to them,
(3) that the brokerage firms that sold the investments failed to follow FINRA rules to perform adequate due diligence.
According to LPsales.com, a secondary marketplace for non-traded REITs, shares of United Mortgage Trust were offered at $1.75 per unit in December 2016. Unfortunately for investors, that’s close to 80% less than the original purchase price of $10.00 per share.
Non-Traded REITs are complex products that involve a significant degree of risk and arguably unsuitable for many investors. Brokerage firms that overlooked suitability requirements or failed to disclose the risk when recommending United Mortgage Trust to clients, may be liable for losses.
For more information on The White Law Group’s investigation of United Mortgage Trust, see United Mortgage Trust Delays SEC Filings.
If you invested in United Mortgage Trust and would like to discuss your litigation options with a securities attorney, please call The White Law Group at 1-888-637-5510 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.