Robert H. Rex
May 2, 2012
No Comments

FINRA Fines UBS $1.5 Million for Sale of Exchange Traded Funds

FINRA Fines UBS $1.5 Million for Sale of Exchange Traded Funds https://blog.rexsecuritieslaw.com/wp-content/themes/movedo/images/empty/thumbnail.jpg 150 150 Robert H. Rex Robert H. Rex https://secure.gravatar.com/avatar/63d95f80eb91915bb42dfbaade95e4ca?s=96&d=mm&r=g May 2, 2012 October 18, 2014

On May 1, 2012, FINRA fined UBS $1.5 million, censured the firm and ordered restitution of $431,488 to customers for selling leveraged and inverse exchange-traded funds (non-traditional ETFs) “without reasonable…

Rex Securities Law
May 2, 2012
No Comments

Wells Fargo Fined $2.1 Million for ETF Sales

Wells Fargo Fined $2.1 Million for ETF Sales https://blog.rexsecuritieslaw.com/wp-content/themes/movedo/images/empty/thumbnail.jpg 150 150 Rex Securities Law Rex Securities Law https://secure.gravatar.com/avatar/fdf83cd1ed57a0f07270ad756fbea2eb?s=96&d=mm&r=g May 2, 2012 October 18, 2014

On May 1, 2012, FINRA fined Wells Fargo $2.1 million, censured the firm and ordered restitution of $641,489 to customers for selling leveraged and inverse exchange-traded funds (non-traditional ETFs) “without…

Rex Securities Law
April 30, 2012
No Comments

Cornerstone Core Properties REIT Value Drops Over 70%

Cornerstone Core Properties REIT Value Drops Over 70% https://blog.rexsecuritieslaw.com/wp-content/themes/movedo/images/empty/thumbnail.jpg 150 150 Rex Securities Law Rex Securities Law https://secure.gravatar.com/avatar/fdf83cd1ed57a0f07270ad756fbea2eb?s=96&d=mm&r=g April 30, 2012 August 22, 2016

On March 1, 2012, Terry Roussel, Chairman and CEO of Cornerstone Core Properties REIT sent a letter to shareholders informing them that shares of Cornerstone, previously valued at $8 ,…

Rex Securities Law
April 24, 2012
No Comments

Non-Traded REITs: What’s the Problem?

Non-Traded REITs: What’s the Problem? https://blog.rexsecuritieslaw.com/wp-content/themes/movedo/images/empty/thumbnail.jpg 150 150 Rex Securities Law Rex Securities Law https://secure.gravatar.com/avatar/fdf83cd1ed57a0f07270ad756fbea2eb?s=96&d=mm&r=g April 24, 2012 August 22, 2016

According to a recent April 2012 article in Forbes magazine, REITs have become mainstream investment alternatives due to the requirement that they distribute at least 90% of their income annually…

Rex Securities Law
April 20, 2012
No Comments

Did Your Broker Suggest Naked Puts? Uncovered Puts?

Did Your Broker Suggest Naked Puts? Uncovered Puts? https://blog.rexsecuritieslaw.com/wp-content/themes/movedo/images/empty/thumbnail.jpg 150 150 Rex Securities Law Rex Securities Law https://secure.gravatar.com/avatar/fdf83cd1ed57a0f07270ad756fbea2eb?s=96&d=mm&r=g April 20, 2012 February 12, 2018

February 2018 Update: Losses on LJM Preservation and Growth Fund? See this for details on how you may be able to recover damages from the firm that recommended this investment. …

Rex Securities Law
April 4, 2012
No Comments

David Lerner Fined $2.3 Million by FINRA

David Lerner Fined $2.3 Million by FINRA https://blog.rexsecuritieslaw.com/wp-content/themes/movedo/images/empty/thumbnail.jpg 150 150 Rex Securities Law Rex Securities Law https://secure.gravatar.com/avatar/fdf83cd1ed57a0f07270ad756fbea2eb?s=96&d=mm&r=g April 4, 2012 August 22, 2016

FINRA fined David Lerner Associates, the New York based brokerage firm recently in the headlines for the sale of the Apple REITs, $2.3 million. FINRA’s ruling, which can be…

Rex Securities Law
April 2, 2012
No Comments

Non-Traded REITs–Cause for Concern?

Non-Traded REITs–Cause for Concern? https://blog.rexsecuritieslaw.com/wp-content/themes/movedo/images/empty/thumbnail.jpg 150 150 Rex Securities Law Rex Securities Law https://secure.gravatar.com/avatar/fdf83cd1ed57a0f07270ad756fbea2eb?s=96&d=mm&r=g April 2, 2012 October 18, 2014

What is a non-traded REIT?A REIT is a real estate investment trust, with certain tax advantages, that purchases and sometimes operates real estate like office buildings and shopping centers. Non-traded…

Robert H. Rex
April 2, 2012
No Comments

THE DAILY TALE OF WOE FOR REITS

THE DAILY TALE OF WOE FOR REITS https://blog.rexsecuritieslaw.com/wp-content/themes/movedo/images/empty/thumbnail.jpg 150 150 Robert H. Rex Robert H. Rex https://secure.gravatar.com/avatar/63d95f80eb91915bb42dfbaade95e4ca?s=96&d=mm&r=g April 2, 2012 October 18, 2014

For the third day in a row, the Investment News has featured the ongoing problems with REITs (Real Estate Investment Trusts. We featured both of these prior reports, one which…

Rex Securities Law
April 1, 2012
No Comments

KBS REIT I CEASES DISTRIBUTIONS-VALUE DOWN 50%

KBS REIT I CEASES DISTRIBUTIONS-VALUE DOWN 50% https://blog.rexsecuritieslaw.com/wp-content/themes/movedo/images/empty/thumbnail.jpg 150 150 Rex Securities Law Rex Securities Law https://secure.gravatar.com/avatar/fdf83cd1ed57a0f07270ad756fbea2eb?s=96&d=mm&r=g April 1, 2012 October 18, 2014

KBS Real Estate Investment Trust Inc.( KBS REIT I) just informed investors it is ceasing the payment of distributions to investors. This no doubt is bad news for those who…

Unsuitable Investments