March 1, 2016- Louisville, KY
A Financial Industry Regulatory Authority (FINRA) arbitration panel ordered Questar Capital Corporation to pay a customer $120,391, plus costs. The customer filed a case seeking damages as a result of the broker’s recommendation that she invest in Behringer Harvard , a real estate investment trust (REIT). FINRA Case# 13-2409.
The customer alleged that the Behringer Harvard REIT was unsuitable for her investment goals.
REITs have been sold to many investors with representations that it is a safe and conservative investment, with the promise of regular income distributions and an expectation that the principal is secure. Many investors have found these promises to be untrue. If you have losses on REITs you may be able 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.
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