Investigating Claims involving NB Sawmill TIC 2 LLC
The White Law Group is investigating potential securities claims on behalf of investors involving NB Sawmill TIC 2 LLC. If your financial advisor recommended that you purchase a TIC investment, and you suffered financial losses, you may be able to recover your losses through FINRA Arbitration.
According to SEC filings, Nelson Brothers, a real estate investment firm, filed a form D to raise capital from investors in 2016 for the offering NB Sawmill TIC 2 LLC. The total offering amount sold was purportedly $15,840,161.
A TIC investment is defined as a property that is sold to multiple investors who then own fractional interests in the property as co-owners. The co-owners enjoy their share of the “pro rata” share of the net income or expenses, appreciation, and share of the proceeds at the sale of the property. Tenants in common investors are not involved in the day to day management of the property but do retain certain other rights regarding the management of the property.
Is a TIC investment suitable for you?
It’s important to understand the potential risks, costs, and advantages of a TIC, such as NB Sawmill TIC 2 LLC, before investing. Generally offered as a 1031 exchange tax deferral, financial professionals often misrepresent the risks and benefits of these investments.
These investments are often marketed to conservative and retired investors. TIC investments also typically pay a high commission, sometimes more than 10%, which may explain why a financial advisor may recommend them to their clients.
Your financial advisor should ensure that any investment that they recommend 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.
Free Consultation with a Securities Attorney
If you have suffered losses investing in NB Sawmill TIC 2 LLC, 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.
For more information on the firm and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.