Securities Investigation- NorthStar/RXR New York Metro Real Estate
Are you concerned about your investment in NorthStar/RXR New York Metro Real Estate? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
NorthStar/RXR New York Metro Real Estate is a publicly registered non-traded real estate investment trust (REIT) that invests in commercial real estate in New York, New York, according to Bloomberg.
According to its first quarter 2018 financial report, NorthStar/RXR disclosed a $8.49 net asset value per share for its common stock, as of March 31, 2018. Shares were originally sold for $10.11 each.
Non-traded REITs such as NorthStar/RXR New York Metro Real Estate typically involve a high degree of risk. There are often liquidity issues and often brokers earn high fees and commissions when they sell this type of investment.
Investigating Potential Claims
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for unsuitably recommending non-traded REITs, like NorthStar/RXR New York Metro Real Estate to investors.
Brokerage firms are required to perform due diligence on any offering they recommend and to ensure that all recommendations made are suitable in light of the client’s age, investment experience, net worth, income, and investment objectives.
If a firm fails to perform due diligence or makes an unsuitable recommendation, the broker-dealer can be held responsible for any losses in a FINRA arbitration claim.
FINRA can help resolve problems and disputes through two non-judicial proceedings: arbitration and mediation. FINRA’s Dispute Resolution forum handles nearly all of the securities-related arbitrations and mediations in the United States.
If you have concerns regarding your investment in NorthStar/RXR New York Metro Real Estate and would like to speak with a securities attorney about your options, please call The White Law Group at 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 White Law Group and its representation of investors in FINRA arbitration claims, visithttps://www.whitesecuritieslaw.com.