National investment fraud lawyers KlaymanToskes is investigating Karen Meyer Holland a/k/a Karen Eubanks (CRD# 2298337) of Holland Wealth Management in connection with claims that she may have recommended unsuitable investments in Hospitality Investors Trust (“HIT REIT”) to customers.
According to FINRA BrokerCheck, Karen Holland has two public disclosures and is currently registered as a stockbroker and investment advisor doing business under Holland Wealth Management with securities offered through Dempsey Lord Smith in Rome, GA and Charlotte, NC.
Holland was previously registered with Cape Securities, Inc. from 2019 to 2020 in Charlotte, NC and with Hobart Private Capital from 2018 to 2019 in Charlotte, NC. Additionally, Holland was registered with Global Financial Investment Services from 2014 to 2019 in Charlotte, NC.
Investors that suffered losses with Karen Holland may be entitled to a financial recovery. Contact Lawrence L. Klayman, Esq. immediately for a free consultation at (888) 997-9956 or lklayman@klaymantoskes.com to discuss your legal options. We do not collect attorney’s fees unless we obtain a financial recovery for you.
Karen Meyer Holland a/k/a Karen Eubanks (CRD# 2298337)
Holland’s FINRA BrokerCheck Report discloses one investor complaint and one employment termination. The investor complaint alleged misrepresentation on a fixed annuity contract and non-disclosure of surrender charges. The investor further alleged blue-sky law violations.
An additional public disclosure states that Karen Holland was terminated from Southeast Investments, N.C., Inc. following allegations that she attempted to have a check sent from a client’s account to her own P.O. Box, which is a violation of Southeast Investments’ rules.
Former and current customers of Karen Meyer Holland that suffered investment losses are encouraged to contact securities attorney Lawrence L. Klayman at (888) 997-9956 or lklayman@klaymantoskes.com for a free and confidential consultation. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Hospitality Investors Trust is classified as a publicly registered Non-Traded Real Estate Investment Trust (“REIT”) that was marketed as offering current income to investors with a conservative to moderate risk tolerance.
HIT REIT owned 100 hotel properties in 29 U.S. states and was initially sold at $25 per share, dropping to $8.35 per share by late 2019 and reaching $0.46 per share by March 2021. By May 2021, HIT REIT filed for Chapter 11 Bankruptcy protection in an attempt to restructure its $1.3 billion in unsecured debt.
Brokers, financial advisors, and their firms unsuitably marketed and sold HIT REIT to customers who lacked the investment experience and the necessary risk tolerance needed to fully understand the potentially severe losses they would later experience. KlaymanToskes believes the motive for the selling of Hospitality Investors Trust by brokers and their firms is the high commission of up to 10 percent that could be earned off of each transaction.
If you suffered investment losses in HIT REIT, contact securities attorney Lawrence L. Klayman at (888) 997-9956 or lklayman@klaymantoskes.com for a free and confidential consultation. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
FINRA (Financial Industry Regulatory Authority) is the self-regulatory body responsible for regulating all U.S. brokers and brokerage firms doing business with customers in the United States or other countries.
Under FINRA rules, financial advisors and their firms are responsible for providing suitable investment advice and may also be liable for a breach of fiduciary duty in the event of a misrepresentation, omission or unsuitable recommendation resulting in losses suffered by the investor.
Investors that have suffered losses as a result of their advisor’s violations of securities rules may hold their brokerage firm and financial professional liable through a FINRA arbitration claim. Contact KlaymanToskes today at (866) 460-4991 or lklayman@klaymantoskes.com to discuss your potential case and learn more about the arbitration process.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com