{"id":26529,"date":"2022-04-05T14:18:51","date_gmt":"2022-04-05T19:18:51","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=26529"},"modified":"2022-04-11T11:27:49","modified_gmt":"2022-04-11T16:27:49","slug":"lightstone-real-estate-income-trust-losses","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/lightstone-real-estate-income-trust-losses\/","title":{"rendered":"McNally Financial Services\u2019 Recommendation of Lightstone Real Estate Income Trust Leads To Couple\u2019s Losses"},"content":{"rendered":"

Investors\u2019 Worked With Ex-McNally Financial Broker Michael O\u2019Meara<\/span>\u00a0<\/span><\/h2>\n

An older couple from Washington State has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against McNally Financial Services and its former broker Michael Charles O’Meara. The claimants seek up to six figures in damages and contend that they were unsuitably recommended and sold Lightstone Real Estate Income Trust.\u00a0<\/span><\/p>\n

This private, <\/span>non-traded real estate investment trust (non-traded REIT<\/span><\/a>) was too risky and complex for inexperienced investors like them. In September 2021, Lightstone Real Estate Income Trust changed its name to Lightstone Value Plus REIT IV, Inc.\u00a0<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Investors\u2019 Worked With Ex-McNally Financial Broker Michael O\u2019Meara\u00a0 An older couple from Washington State has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against McNally Financial Services and its former broker Michael Charles O’Meara. The claimants seek up to six figures in damages and contend that they were unsuitably recommended and sold Lightstone Real […]<\/p>\n","protected":false},"author":6,"featured_media":26531,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4726,3794],"tags":[4727,4668,2639],"class_list":["post-26529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mcnally-financial-services","category-real-estate-investment-fraud","tag-lightstone-real-estate-income-trust","tag-mcnally-financial-services","tag-non-traded-reits"],"yoast_head":"\nLightstone Real Estate Income Trust Caused Investor Losses<\/title>\n<meta name=\"description\" content=\"McNally Financial Services customers suffered significant losses after they were unsuitably recommended Lightstone Real Estate Income Trust.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/lightstone-real-estate-income-trust-losses\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Lightstone Real Estate Income Trust Caused Investor Losses\" \/>\n<meta name=\"twitter:description\" content=\"McNally Financial Services customers suffered significant losses after they were unsuitably recommended Lightstone Real Estate Income Trust.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/04\/architecture-1719526_640-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel B. Edwards\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Lightstone Real Estate Income Trust Caused Investor Losses","description":"McNally Financial Services customers suffered significant losses after they were unsuitably recommended Lightstone Real Estate Income Trust.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/lightstone-real-estate-income-trust-losses\/","twitter_card":"summary_large_image","twitter_title":"Lightstone Real Estate Income Trust Caused Investor Losses","twitter_description":"McNally Financial Services customers suffered significant losses after they were unsuitably recommended Lightstone Real Estate Income Trust.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/04\/architecture-1719526_640-1.jpg","twitter_misc":{"Written by":"Samuel B. 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