Recovery of Investment Losses – RAIT Financial Trust
Have you suffered investment losses in RAIT Financial Trust? If so, the securities attorneys at The White Law Group may be able to help you recover your losses by filing a complaint against the brokerage firm that sold you the investment.
RAIT Financial Trust, a real estate investment trust based in Philadelphia, filed for chapter 11 bankruptcy in August 2019 with plans to sell its assets to a buyer affiliated with Fortress Investment Group LLC for $174.4 million.
The REIT was reportedly traded on the New York Stock Exchange under the “RAS” ticker up until May 11, 2018 and manages commercial real-estate loans and properties.
The White Law Group is investigating securities claims involving broker dealers who may have unsuitably recommended RAIT Financial Trust to investors.
Broker dealers are required to perform adequate due diligence on all investment recommendations including real estate investment trusts. They must ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.
Free Consultation with a Securities Attorney
To determine whether you may be able to recover investment losses in RAIT Financial Trust, please contact The White Law Group at 1-888-637-5510 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. The firm works on a contingency fee basis and may be able to represent you in a complaint against your brokerage firm.
For more information on the firm, visit www.WhiteSecuritiesLaw.com.