Investigating Potential Claims – Secured Income LP
Have you suffered losses investing in Secured Income LP? 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.
According to Bloomberg, Secured Income LP, through its limited partner, Carrollton X Associates Limited Partnership, invests in, owns, and operates multi-family residential housing complexes in the United States. The company was founded in 1986 and is based in Greenwich, Connecticut.
Non-traded REITs are Complex & Risky
Real estate investment trusts (REITs) are complex and inherently risky products. Compared to traditional investments, such as stocks, bonds and mutual funds, REITs are significantly more complex and often better suited for sophisticated and institutional investors.
Lack of liquidity in non-traded REITs such as Secured Income LP can be problematic for investors. If you are looking to sell your investment, you may have difficulty finding a buyer, and can suffer significant losses on the sale.
According to LPsales.com, a secondary market for private placements, shares of Secured Income LP were recently sold for $3.75/unit. This may represent a significant loss for many investors.
Another problem often associated with REIT recommendations is the high sales commissions brokers typically earn for selling REITs – as high as 15%. Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market. Unfortunately, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim.
The White Law Group continues to investigate potential securities fraud claims involving broker-dealers’ unsuitable recommendation that investors purchase high-risk non-traded REIT investments, like Secured Income LP.
If you suffered losses investing in Secured Income LP 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, please visit www.whitesecuritieslaw.com.