Articles Tagged with Non-Traded REIT Recovery Attorneys

NorthStar Healthcare Income REIT Investor Sues Transamerica Financial Advisors Over Losses.  Shepherd Smith Edwards and Kantas Non-Traded REIT Recovery Attorneys are Representing This Claimant In His Six-Figure Lawsuit 

Real estate investment trusts (REITs) can be risky investments and they are not suitable for many retail investors and conservative retirees. In Financial Industry Regulatory Authority (FINRA) arbitration, Shepherd Smith Edwards and Kantas (investorlawers.com) is representing a Pennsylvania senior investor who is seeking up to $500K from broker-dealer Transamerica Financial Advisors over losses he sustained in REITs, such as NorthStar Healthcare Income REIT (NHI).  

The claimant, as he was nearing retirement, entrusted part of his retirement savings to the broker-dealer and one of its registered representatives. Unfortunately, instead of giving him prudent investment advice, his Transamerica Financial Advisors broker unsuitably recommended risky products, including non-traded REITs.