Benefit Street Partners Secondary Sales Price may mean Losses for Investors
Concerned about your investment in Benefit Street Partners Realty Trust?
Are you concerned about your investment losses in Benefit Street Partners Realty Trust? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
On April 22, 2020, Benefit Street Partners Realty Trust, Inc. (BSP) announced that its board of directors approved a transition in the timing of its dividend payments from monthly to quarterly on its Series A Convertible Preferred Stock and its Series C Convertible Preferred Stock. The REIT reportedly plans to inform shareholders of the Company’s common and preferred stock by the end of June 2020, the amount of dividends that will be paid for the second quarter.
Further, shares of Benefit Street Partners were recently sold on Central Trade and Transfer, a secondary market for alternative investments, for $13.90 per share. This may mean significant losses for investors as the original offering price was $25 per share.
Is a Non-traded REIT a Suitable Investment for you?
Non-trade REITs are not suitable for all investors, especially those who need liquidity in their investment. Brokerage firms have a responsibility to adequately disclose all risks befores selling any investment and must consider suitability factors such as age, financial needs, and risk tolerance to name a few.
However, many brokerage firms overlook suitability regulations set forth by the SEC to earn the high commission that non-trade REITs. Sales commissions can range from 6% to 10%, and often come with a 2%- 3.0% dealer manager fee.
Brokerage firms that do not perform adequate due diligences on an investment or demonstrate a breach of fiduciary duty can be held accountable for losses incurred through FINRA arbitration.
The White Law Group is investigating FINRA arbitration claims involving broker dealers who may have improperly recommended non-traded REITs such as Benefit Street Partners Realty Trust to investors.
If you have suffered losses investing in Benefit Street Partners Realty Trust the securities attorneys of The White Law Group may be able to help you. Please call the offices at 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 Franklin, Tennessee.
For more information on the firm, please visit https://www.whitesecuritieslaw.com.