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September 30, 2011
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Blog, Securities Fraud
According to the investmentnews.com, FINRA has “…proposed changes to its Rule 2340, which governs customer account statements. Finra’s new proposal takes aim at brokers’ commissions and other upfront costs.” This change to Rule 2340 would seriously impact how the price of a nontraded REIT is listed
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September 14, 2011
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Blog, Securities Fraud
Anand Chokkavelu recently wrote an interesting opinion piece for The Motley Fool about REITs that may be in trouble if regulations of REITs were to ever change. He states his belief that those REITs with the highest leverage would be most at risk. The White Law Group continues to monitor REITs sold by brokerage firms
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September 14, 2011
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Blog, Securities Fraud
According to the investmentnews.com “The U.S Court of Appeals for the Sixth Circuit late last week upheld the dismissal of a class action fraud lawsuit that was filed by investors against investment bank Morgan Keegan & Co.” The claim, originating in Tennessee, was in regards to seven investment funds that
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September 8, 2011
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Blog, Securities Fraud
According to a recent therealdeal.com blog entry, RLJ Lodging Trust (REIT) “gave up to its lender a 438-room Marriott hotel near LaGuardia Airport that it acquired in 2007 for $69 million.” The deed-in-lieu transfer was executed on August 5th according to the article. While this property was just one of 141 hotel
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September 8, 2011
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Blog, Securities Fraud
Investors Know Your Rights The SEC recently posted a public service announcement alert for investors about Investment Cold Calls from financial professionals or scam artists selling investment products over the telephone. As a securities arbitration and investor protection law firm it is common for us to hear from
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September 7, 2011
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Blog, Securities Fraud
Sonny Goldreich, in a recent article for the Maryland publication the Gazette.net, wrote an article about the struggles of investments in DC area REITs in the current economic climate. Goldreich notes that “panic selling has hurt stock prices…but some were in a tailspin even before the wild swings in financial
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September 7, 2011
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Blog, Securities Fraud
The San Diego Business Journal recently reported that according to SEC documents the local owner of one of Pacific Office Properties’ office complexes, Sorrento Technology Center in San Diego, “is in default on a loan of $11.6 million.” As of the time of the articles’ release, Pacific Office Properties Trust
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September 7, 2011
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Blog, Securities Fraud
A recent article at nuwireinvestor.com discussed how new Medicare policy will affect REITs whose focus is nursing homes. The new policy will see “Medicare rates…slashed by 11.1% starting Oct. 1.” The article says that the announcement of these changes in policy “has sent nursing home operators scrambling
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September 6, 2011
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Blog, Securities Fraud
Have you suffered losses in a commodities or futures fraud scheme or improper investment? If so, the commodities and futures fraud attorneys of The White Law Group may be able to help. The White Law Group represents investors who have been defrauded by their financial professional in all types of commodities or
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September 2, 2011
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Blog, Securities Fraud
Andrew Haigney recently wrote an interesting article for businessinsider.com where he called investment advice “one of the greatest scams of our time.” His motivation for writing his article was to expand on the theme of Yale University’s Chief Investment Officer David Swensen’s August NY Times Opinion piece
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