Articles Posted in Investment

LPL’s Trail of REIT Sales Draws Complaints – Recover your LPL Loss
Samuels Yoelin Kantor LLP

April 8, 2015

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Investment News reported today that LPL Financial is being asked to pay $3.6 million in investor repayments and fines. The state of New Hampshire and LPL financial on Monday slapping LPL with a $1 million fine and $200,000 in investigative costs in addition to the $2.4 million in buybacks and restitution for clients.The state alleges unsuitable…

SEC Raises Concerns About Reverse Churning In Fee Based Accounts
Samuels Yoelin Kantor LLP

January 6, 2014

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Investors wary of a broker’s self-interest in selling commission-based products may look to change to a fee-based advisory account. Rather than charging a commission for each transaction, fee based accounts typically charge an annual fee based on total account value. However, while a broker might “churn” an account in commission situations by inappropriately purchasing securities…

Understanding REIT Risks
Samuels Yoelin Kantor LLP

July 23, 2011

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By Robert Banks, Investor Rights Lawyer Non-traded REIT (Real Estate Investment Trust) sales are once again in the news. The Financial Industry Regulatory Authority (FINRA) filed an enforcement case against David Lerner & Associates for selling Apple REITs to seniors without disclosing the risks of the investment. Several private class action lawsuits have been filed…

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