Rex Securities Law recently filed an arbitration complaint with the
Financial Industry Regulatory Authority (FINRA) on behalf of an elderly lady from the Jacksonville FL area who was sold over one million dollars worth of non-exchange traded real estate investment trusts (REITs), annuities and a universal life insurance policy. The arbitration complaint alleges that the investments were not suitable for her and that there were numerous misrepresentations made to her in connection with the sales.
REITs purchased include KBS REIT, Hines REIT, WELLs REIT II and Cole REIT.
The customer, who had an account with Atlantic Coast Bank on N.
University Boulevard, was encouraged by bank employees to open an account with Atlantic Coast Financial Services and broker Robert
Zacharias located on Normandy Boulevard in Jacksonville.
If you have information related to this matter we would appreciate hearing from you.
Robert H. Rex, Esq. been helping investors recover investment losses for over twenty years. We represent clients nationwide.
Brokers have a duty to make recommendations that are suitable for each individual investor. If you have suffered losses as a result of investments sold to you by Atlantic Coast Financial and or Robert Zacharias , you may be able to recover those losses.
Please do not hesitate to contact us at 561 391 1900.