Hospitality Investors Trust REIT Losses: Inexperienced Investor Entrusted Broker-Dealer With Life Savings
Our non-traded real estate investment trust (non-traded REIT) lawyers are representing a California retiree in her FINRA arbitration claim against NPB Financial Group. The claimant, an older widow with health issues, suffered losses to her life savings in Hospitality Investors Trust (HIT REIT).
Her ex-NPB Financial broker, who had recommended this risky investment vehicle, has since been barred by FINRA. This bar was for the same reasons that the claimant decided to file her case. The investor is requesting up to six figures in damages from the brokerage firm.