Securities Fraud Investigation – ARC New York City REIT
Are you concerned about ARC New York City REIT losses? If so, the securities attorneys at The White Law Group may be able to help your recover your losses by filing a FINRA claim against the brokerage firm that sold you the investment.
ARC New York City REIT is sponsored by AR Global and focused on properties located in the five boroughs of New York City, including Manhattan.
As we told you previously, the REIT suspended distributions in March and decreased the number of shares they were willing to repurchase from investors, according to SEC filings.
Alternative investments such as ARC New York City REIT are illiquid. Investors looking to sell alternative investments often have difficulty finding a buyer, and can suffer significant losses on the sale.
Update on May 1, 2019 – Secondary sales price
Currently, Central Trade & Transfer, a secondary market for alternative investments, is listing shares of ARC New York City REIT for just $12.90 per share. Unfortunately for investors, this sales price would represent a significant loss on their capital investment, as the original purchase price was $25.00 per share.
The White Law Group is investigating potential claims against the broker dealers that sold high risk investments, like ARC New York City REIT, to unsuspecting investors.
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. Recommendations should be appropriate in light of the investor’s age, risk tolerance, net worth, and investment experience.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses in a FINRA arbitration claim.
If you have invested in ARC New York City REIT and would like to speak to a securities attorney about the potential to recover your investment losses, 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 Vero Beach, Florida. To learn more about The White Law Group visit www.whitesecuritieslaw.com.