LPL and Non-Traded REITs
Silver Law Group is investigating the sale of Non-Traded REITs by LPL and other broker-dealers. The REITs include Inland American, ole Credit Property Trust, Wells Real Estate Investment Trust, W.P. Carey Corporate Property Associates and Dividend Capital Total Realty. The Massachusetts Securities Division Enforcement Section recently brought an Administrative Complaint against LPL for selling REITs in violation of state and LPL’s own procedures.
Financial Advisors can receive high commissions starting at 6%. However, many advisors sold these products to its clients without revealing the significant risks of buying REITs.
Silver Law Group is currently representing investors in claims against brokerage firms for the sale of these and other REITs. If you have any question regarding your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at firstname.lastname@example.org or toll free at (800) 975-4345.