Chimera Investment Corp. – Mortgage REITs see Steep Decline amid Coronavirus Turmoil
Have you suffered losses investing in a mortgage REIT such as Chimera Investment Corp.? If so, the securities attorneys at The White Law group may be able to help you to recover your losses through FINRA Arbitration.
Shares of mortgage real-estate investment trusts declined sharply last Wednesday, according to the Wall Street Journal, reflecting growing concerns about firms that “use borrowed money to juice returns at a time when funding markets are in turmoil.”
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, reportedly invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.
Unfortunately for investors, shares of Chimera Investment Corp. are down -60.80% YTD.
Recovery of Investment Losses
The White Law Group is investigating FINRA arbitration claims involving broker dealers who may have improperly recommended mortgage REITs to investors.
Brokerage firms are required to perform due diligence on any investment they recommend, including mortgage REITs. They must ensure that the investment is suitable for a particular investor in light of that investor’s age, investment objectives, income, net worth, and investment experience. Given the current risk of devaluation of these REITs, such investments are likely only suitable for wealthy and/or sophisticated investors.
If you have suffered losses in a mortgage REIT such as Chimera Investment Corp., please call the securities attorneys of The White Law Group at (888)637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on the firm, please visit https://www.whitesecuritieslaw.com.