Claimants Allege Broker Unsuitably Recommended Moody National REIT II and Strategic Student and Senior Housing Trust

Shepherd Smith Edwards and Kantas Non-Traded REIT Investor Lawyers are representing a California retiree couple in a FINRA arbitration lawsuit against Independent Financial Group, seeking up to $500,000 for losses in illiquid, high-risk non-traded REITs. The retirees allege that advisor Peter Shen unsuitably recommended and overconcentrated their portfolio in Moody National REIT II and Strategic Student and Senior Housing Trust despite their low-risk preferences.

In FINRA arbitration, Shepherd Smith Edwards and Kantas Non-Traded REIT Investor Lawyers (investorlawyers.com)  are representing two California investors who are suing Independent Financial Group for up to $500,000 in damages. The Claimants are a retiree couple who entrusted the broker-dealer and financial advisor Peter Shen to take care of their assets. Instead, they contend, the Respondents went on to  give them bad investment advice and involve them in non-traded real estate investment trusts (non-traded REITs) Moody National REIT II and Strategic Student and Senior Housing Trust.