Recovery of Investment losses in Geneva Multi-family Exchange X LLC Tenants in Common
The White Law Group is investigating potential securities fraud claims on behalf of investors involving TICs (Tenants in Common). If your broker-dealer recommended that you purchase a risky TIC investment, such as Geneva Multi-family Exchange X LLC Tenants in Common, you may be able to recover your losses through FINRA Arbitration.
According to its Form D SEC filing, Geneva Organization applied for Geneva Multi-family Exchange X LLC Tenants in Common in Minneapolis, MN. The Form D was filed in 2007.
Geneva Multi-family Exchange X LLC Tenants in Common is a TIC. A TIC investment is defined as a property that is sold to multiple investors who then own fractional interests in the property as co-owners. The co-owners enjoy their share of the “pro rata” share of the net income or expenses, appreciation, and share of the proceeds at the sale of the property. Tenants in common investors are not involved in the day to day management of the property but do retain certain other rights regarding the management of the property.
It’s important to understand the potential risks, costs, and advantages of a TIC, such as Geneva Multi-family Exchange X LLC Tenants in Common, before investing. Generally offered as a 1031 exchange tax deferral, financial professionals often misrepresent the risks and benefits of these investments.
These investments are often marketed to conservative and retired investors. TIC investments also typically pay a high commission, sometimes more than 10%, which may explain why a financial advisor may recommend them to their clients.
Is a TIC investment suitable for you?
Your financial advisor should ensure that any investment that they recommend is suitable for their clients. Liquidity needs, time horizon, risk tolerance, age, income, are just a few categories an advisor should take into account prior to recommending any investment. The brokerage firm must ensure that due diligence was completed at every level of each investment.
Recovery of Investment Losses
If you have suffered losses investing in Geneva Multi-family Exchange X LLC Tenants in Common, The White Law Group may be able to help you recover the investment losses through FINRA arbitration.
For a free consultation with a securities attorney, please call 888-637-5510.
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 and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.