Tag Archives: recover REIT losses

Losses on Cole Capital REITs ?

Brokerage firms nationwide sold a number real estate investment trusts (REITs) sponsored by Cole Capital, including:

  • Cole Office and Industrial
  • Cole Advisor Corporate Income
  • Cole Advisor Retail Income REIT
  • Cole Credit Property Trust
  • Cole Corporate Income Trust
  • Cole Real Estate Income Strategy

If you have suffered losses on an investment in a Cole Capital REIT that was recommended to you by your financial advisor, contact us to learn how you may be able to recover damages from the brokerage firm that sold you the investment.

Brokers often fail to disclose the risks associated with purchasing complex and inherently risky non-traded REIT investments.

Call for a no obligation consultation to learn about your option to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Losses on Cole Office and Industrial REIT ?

If you have suffered losses on your investment in Cole Office & Industrial REIT, contact us to learn how you may be able to recover damages from the brokerage firm that sold you the investment.

Brokers often fail to disclose the risks associated with purchasing complex and inherently risky non-traded REIT investments.

Call for a no obligation consultation to learn about your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Thomas P. Hoover- Kestra Financial Broker-Discloses Customer Dispute-Wichita, KS

April 2017-Wichita, KS

The FINRA records of  Thomas P. Hoover ,  a  stockbroker who is previously  registered with Carey, Thomas, Hoover & Breault  disclose a customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In pending FINRA arbitration 16-1821 a customer of Hoover’s prior employer, Carey, Thomas, Hoover and Breault  (7/1995-10/2016) alleges damages of $100,000 for losses on a real estate investment trust (REIT) purchased in 2011.

Hoover has been registered with Kestra Investment Services since 10/2016.

If you have questions about an account handled by Thomas P. Hoover, call to learn about your options.

 

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Kris Etter-IMS Securities Broker-Discloses Customer Arbitration Over REIT Investment-Houston, TX

April 2017- Grapevine, TX

According to publicly available records Kristopher F. Etter  , (CRD# 4562123) ,  a  stockbroker who is currently registered with IMS Securities  discloses a pending   customer dispute. 

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In pending FINRA arbitration 17-0605 a customer of IMS Securities alleges damages of $52,000 for negligence, breach of fiduciary duty, omission of material fact and misrepresentation in connection with investments in real estate investment trusts (REITs).

Etter has been employed by IMS Securities since 7/2004 and discloses business affiliations with KLA Realty, Ltd. , Etter Amalgamated, Inc. and EFS, Inc. 

IMS Securities has been a FINRA member since 1994 and is headquartered in Houston, TX. They have about 105 associated persons and 57 branch offices.

If you have questions about an account  handled by Kristopher (Kris) Etter, contact us to discuss your legal options.

Alternative investments include non publicly traded real estate investment trusts (REITS) , equipment leasing and oil and gas limited partnerships. These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Steven Michael Knowlton-IMS Securities Broker-Discloses Five Pending Customer Disputes

April 2017 – Houston, TX

According to publicly available records Steven Michael Knowlton , (CRD# 4527446),  a  stockbroker who is currently registered with IMS Securities  discloses a prior regulatory event, four prior final customer disputes and five pending customer disputes. 

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

The pending customer disputes include:

In FINRA Case 16-03410, a customer of IMS Securities alleges damages of $100,000 for unsuitable recommendations, failure to supervise and lack of due diligence in connection with an investment in equipment leasing, oil and gas investments and real estate investment trusts (REITs).

In FINRA Case 16-01390, a customer of IMS Securities alleges damages of $144,000 for negligence and misrepresentation in connection with an investment in equipment leasing and real estate investment trusts (REITs).

In FINRA Case 15-03412, a customer of IMS Securities alleges damages of $100,000 for unsuitable investments from 12/2011-1/2015 in connection with direct investments in limited partnerships and real estate investment trusts (REITs).

Knowlton was been employed by IMS Securities since September of 2002 and is associated with the Knowlton Financial Group.

IMS Securities has been a FINRA member since 1994 and is headquartered in Houston, TX. They have about 105 associated persons and 57 branch offices.

If you have questions about an account in an account handled by Steven Michael Knowlton, contact us to discuss your legal options.

Alternative investments include non publicly traded real estate investment trusts (REITS) , equipment leasing and oil and gas limited partnerships. These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jackie D. Wadsworth-IMS Securities Broker-Discloses Customer Disputes Over REIT Investments-Houston, TX

April 2017-Houston, Texas

According to publicly available records Jackie D. Wadsworth , (CRD# 2342163) ,  a  stockbroker who is currently registered with IMS Securities  discloses three pending and four prior final customer disputes. 

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In FINRA Case 16-3128, a customer of IMS Securities alleges damages of $300,000 for negligence, failure to perform adequate due diligence and breach of fiduciary duty in connection with investments in real estate investment trusts (REITs).

In FINRA Case 16-02356, a customer of IMS Securities alleges damages of $1,667,000 for negligence, breach of fiduciary duty, failure to supervise and misrepresentation  in connection with investments in real estate investment trusts (REITs).

In FINRA Case 16-01800, a customer of IMS Securities alleges damages of $3,000,000 for negligence, over concentration, breach of fiduciary duty, failure to supervise and misrepresentation  in connection with investments in variable annuities and REITs.

Wadsworth has been employed by IMS Securities since 1994.

IMS Securities has been a FINRA member since 1994 and is headquartered in Houston, TX. They have about 105 associated persons and 57 branch offices.

If you have questions about an account in an account handled by Jackie D. Wadsworth, contact us to discuss your legal options.

Alternative investments include non publicly traded real estate investment trusts (REITS) , equipment leasing and oil and gas limited partnerships. These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Robert K Lindell-Former Revere Securities Broker-Discloses Criminal Securities Charge-Bangor, ME

March 2017-Bangor, Maine

According to publicly available records Robert Kenneth Lindell, (CRD# 14178) ,  a  previously registered stockbroker who was last employed by Richfield Orion International, disclose 4 prior regulatory events, a pending criminal charge, 2 prior customer disputes and 2 terminations from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In the pending criminal matter, Case17-707, Penobscot County Superior Court, Lindell is charged with knowing or intentional securities violations and theft by unauthorized taking or transfer. Lindell has pleaded not guilty to the charges.

In May 2013, Lindell was discharged by Revere Securities who alleged: “violations of the firms policies on service as a personal trustee, accepting a fee for financial planning which was not approved and discretionary trading of client accounts”.

Lindell worked for Revere Securities from 2010-2013, and then for Richfield Orion International from 2013-3/2017. He is not currently registered with any broker dealer. Lindell discloses a business affiliation with R.K. Lindell & Co., 1220 N. Dutton, Ste 101, Santa Rosa, CA.

If you have losses in an account handled by Robert K. Lindell, contact us to learn how you may be entitled to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870