SL Green Realty Corp. (SLG) Securities Investigation
Have you suffered losses investing in SL Green Realty Corp. at the advice of your financial advisor? If so, the securities attorneys at The White Law Group may be able to help you by filing a complaint against the brokerage firm that sold you the investment.
SL Green Realty Corp., a real estate investment trust, reportedly engages in the acquisition, development, ownership, management and operation of commercial and residential real estate properties, according to MarketWatch.
U.S. REITs have drawn down massive lines of credit as of the end of the first quarter of 2020, as much as $61.9 billion, according to FactRight, a due diligence site focused on alternative investments. Apparently, there was a huge push to gain liquidity to survive the COVID-19 global pandemic, particularly amongst retail and hotel REITs.
According to S&P Global, rent collections for the month of May were down significantly for publicly traded REITs. In the case of SL Green Realty Corp., 84.7% of May rents were paid as of June 1, 2020, according to S&P Global.
Unfortunately for investors, the share price of SL Green Realty Corp. is down -42.32% YTD, according to MarketWatch.
Aggressive financial advisors may have unsuitably recommended SLG in an effort to chase yield. Investors who buy solely on the basis of the dividend may experience losses as the dividend is cut and the stock price declines in response.
If your financial advisor over-concentrated your portfolio, you may have a viable claim to recover your losses. Financial advisors are required to make suitable investment recommendations, accounting for your age, income, net worth, investment experience, and investment objectives. Diversification is the key to reducing risk. As such, over-concentrated exposure to any sector can be unsuitable for many investors.
Free Consultation with a Securities Attorney
If you are concerned about your investment losses in SL Green Realty Corp., 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 is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee. The firm works on a contingency fee basis and may be able to represent you in a complaint against your brokerage firm.