FINRA Disciplinary Action Against David Lerner Associates Prompts Other Firms to Offer Less Risky and Misleading REITs

Financial services firms have taken notice of FINRA's action related to Apple REITs, which charged that there have been misleading and "outsized distributions of 7% to 8% by leveraging the REITs through borrowing and returning capital to investors." According to Investment News, several firms have taken steps to eliminate riskier REIT offerings. In particular, the firms now are focusing on the REITs' expenses and how the REITs pay for their dividend, or "distribution". Eccleston Law represents individual and institutional investors nationwide to recover their investment losses caused by securities fraud, unsuitable investment recommendations, breach of fiduciary duty, negligence or other misconduct. We have extensive experience representing investors in arbitration and litigation disputes with securities broker-dealers and investment advisory firms, and have recovered tens of millions of dollars for investors. If you are an investor that has suffered losses investing in a non-traded REIT, please contact one of our attorneys at 312-332-0000 to discuss your recovery options.

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