FINRA Arbitration Panel Awards Syndicated Conservation Easement Investors $509,000 In Damages Against The Strategic Financial Alliance

A FINRA arbitration panel awarded investors $509,000 in damages against The Strategic Financial Alliance over the unsuitable recommendation of syndicated conservation easements. Law firm Shepherd Smith Edwards and Kantas is actively investigating brokerage firms that sold these high-risk tax shelters to retail clients.

A family of investors was awarded $509,000 by a FINRA arbitration panel in their broker fraud case against The Strategic Financial Alliance. The Claimants accused the broker-dealer of unsuitably recommended syndicated conservation land easements (SCEs) that they said led to significant investment losses, along with other portfolio losses involving whole life insurance policies and real estate investment trusts (REITs).