Concerned about your investment in Strategic Storage Growth Trust II?
Are you concerned about your investment in Strategic Storage Growth Trust II? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
Strategic Storage Growth Trust II (SSGT II) is private real estate investment trust sponsored by an indirect subsidiary of SmartStop Self Storage REIT, Inc. The REIT reportedly focuses on opportunistic self storage properties.
According to SEC filings, the company filed a Form D to raise capital from investors. According to the filings, the offering type was equity and the total offering amount was reportedly $270,000,000. The sales compensation recipient was purportedly Select Capital Corp., according to the Reg D.
The White Law Group is investigating potential securities claims involving FINRA registered brokerage firms who may have unsuitably recommended alternative investments such as Strategic Storage Growth Trust II to investors.
High Risk Alternative Investments
These alternative investments are often riskier and more complicated than traditional investments, and are only suitable for high net worth, sophisticated investors. They often have high fees and sales commissions, making them an attractive product for financial advisors to sell. In the case of SSGT II, the sales commissions and dealer management fees were estimated at close to 10% of the offering price, according to the form D.
Broker dealers are required to perform adequate due diligence on any investment they recommend. They must ensure that all recommendations are suitable for the investor. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.
Despite the risks of investing in this type of alternative investments, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
If you are concerned about your investment in Strategic Storage Growth Trust II the White Law Group may be able to help you. To speak with a securities attorney about your options, please call The White Law Group 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.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.