Uniti Group Inc. (NASDAQ:UNIT) –Decline in 2019
Are you concerned about your investment in Uniti Group Inc. (NASDAQ:UNIT)? If so, the securities attorneys at The White Law Group may be able to help you.
Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and reportedly provides “wireless infrastructure solutions for the communications industry.”
Uniti Group (NASDAQ:UNIT) is down 56% over the past 12 months, closing at $8.19 per share on Monday. The stock took a serious dive in February when regional telecom Windstream Holdings (NASDAQ:WIN), Uniti’s largest customer and former parent company, filed for bankruptcy.
Windstream’s stock reportedly closed 61% lower that day, and Uniti dropped 37% in the same day.
The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended Uniti Group to investors.
REITs often pay a high dividend but certain advisors may have unsuitably recommended Uniti Group in an effort to “chase yield.”
Broker-dealers have a legal obligation to act in the best interest of their clients and have to demonstrate adequate due diligence on an investment before recommending the investment to a client. Furthermore, recommendations should be consistent with an individual’s age, risk tolerance, financial objectives, and investment knowledge.
Broker-dealers that have not done their fiduciary duty or adequately disclose the risks when selling investments may be held liable for damages lost through FINRA arbitration claims.
If you are concerned about your investment in Uniti Group or another mall REIT, The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.
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.
For more information on The White Law Group, visit https://whitesecuritieslaw.com.