Recovery of Investment losses in First Colony Commons Tenants in Common
Are you concerned about investment losses in First Colony Commons Tenants in Common? If so, the attorneys at The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
According to its Form D SEC filing, Covington Realty Partners applied for First Colony Commons Tenants in Common in Chicago, IL. The Form D was filed in 2008.
First Colony Commons Tenants in Common is a TIC. A Tenancy-in-Common investment (also known as a TIC) is defined as a tenancy in which two or more parties share ownership of property but have no right to each other’s interest (as upon the death of another tenant).
It’s important to understand the potential risks, costs, and advantages of a Tenancy-in-Common before investing. Generally offered as a 1031 exchange tax deferral, financial professionals often misrepresent the risks and benefits of these investments. Moreover, the investments (due to the attractiveness of the income offered by the investments) are often marketed to conservative and retired investors.
Is a Tenancy-in-Common investment suitable for you?
The financial advisor should ensure that the investment that is being recommended is suitable for their clients. Liquidity needs, time horizon, risk tolerance, age, income, are just a few categories an advisor should take into account prior to recommending any investment. The brokerage firm must ensure that due diligence was completed at every level of each investment.
Recovery of Investment Losses
If you have suffered losses as a result of a financial advisor’s misleading representations of First Colony Commons Tenants in Common, or another TIC, the securities attorneys of The White Law Group may be able to help you recover the investment losses through FINRA arbitration.
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 firm and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.