Did you invest with Centaurus Financial, Inc. or J.P. Turner & Co., Inc. and suffer losses in Structured CDs, Structured Notes, Non-Traded Real Estate Investment Trusts (“REITs”), or other investments? If so, we may be able to help you recover your losses.
The Doss law firm and Shepherd, Smith, Edwards & Kantas are investigating claims on behalf of investors, many of which are retired and current Flour Corp. employees, who have suffered losses at the hands of Centaurus financial advisors who were formerly with J.P. Turner. Those advisors, in many cases, mismanaged client investment accounts by placing them in high-risk and illiquid structured CDs, structured notes, non-traded REITs and other complicated investments.
Structured products, such as structured CDs and notes, are very complex and highly risky investments that are rarely suitable for most investors. Similarly, non-traded REITs and other private placement investments are illiquid and risky investments that are not appropriate for most individual investors, especially retirees. These investments are often sold as being safe and paying higher interest rates than most other investments. However, the promised higher rates are often only guaranteed for a short time – typically a year – and are much riskier than more traditional investments. Additionally, with most private placements, the supposed interest payments are often just a return of the investor’s own money, not a rate of return for the investment. Ultimately, these investments typically lock investors into them long-term, resulting in limited income and often substantial losses.