Mall REITs Continue to Decline in 2020
Have you suffered losses investing in CBL & Associates Properties, Inc. (NASDAQ:CBL)? If so, the securities attorneys at The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim.
According to Bloomberg on Friday, shares of CBL & Associates Properties Inc. are down 99% from their peak. As we told you last August, mall REITs continue to decline as investors are turning away from retail real estate after an almost record number of store closures in 2019.
According to the Bloomberg article, “The coronavirus, which has killed thousands worldwide and is spreading in the U.S., could deal another blow to beleaguered mall operators.”
CBL Properties is a real estate investment trust that reportedly invests in shopping centers, primarily in the Southeastern United States and Midwestern United States.
The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended CBL & Associates Properties, Inc. to investors.
REITs often pay a high dividend but certain advisors may have unsuitably recommended CBL 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 have suffered losses investing in CBL 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.