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Corporate & Securities Law
: FinancialCounselSNSFE Investigates Non-Listed REITs Such As Inland American Real Estate Trust As Being Unsuitable For Most Investors
By James Eccleston
Attorneys at SNSFE have begun to investigate non-listed REITs, including Inland American Real Estate Trust, Piedmont/Wells, Inland, Behringer, Harvard, Cole, Desert Capital, Dividend Capital, Grubb & Ellis, Whitestone, and KBS. SNSFE is investigating whether these were high risk, expensive, illiquid investments not suitable or appropriate for many retail investors, especially those who were elderly or retired.
Financial advisers at firms like LPL Linsco Private Ledger, Merrill Lynch, Citigroup Smith Barney, Raymond James, ING and Morgan Stanley might have sold these non-traded REITS to retail investors.
Those with information about these investments should feel free to contact attorneys at SNSFE.
Full post as published by FinancialCounsel on September 18, 2009 (boomark / email).
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