The board of TNP Strategic Retail Trust, a non traded real estate investment trust, has asked for the resignation of its founder and co chairman Tony Thompson.
This decision follows the complaint filed by FINRA against Thompson over loans made between Thompson and related entities. FINRA’s complaint alleges that Thompson and his companies did not adequately disclose details of the business dealings between related parties to investors. FINRA is looking that the TNP 12% Notes Program, LLC, the TNP 2008 Participating Notes Program and the TNP Participation Program LLC.
If you purchased TNP Strategic Retail Trust or other investments of Thompson National Properties based upon misrepresentations or inadequate disclosures from the selling broker, you may be able to recover your losses.
Rex Securities Law , located in Boca Raton, FL, 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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