National investment loss lawyers KlaymanToskes is investigating financial advisors who unsuitably recommended investments in Block 216 QOF, LLC, an Opportunity Zone Fund promoted by Baker Tilly Capital. Recent reports indicate significant financial distress, with Block 216, a prominent Portland, Oregon skyscraper project featuring the Ritz Carlton hotel, now potentially facing foreclosure that could lead to substantial investor losses. Our firm believes many investors may have been misled about the risks, liquidity issues, and due diligence conducted for this high-risk private placement investment.
Investors who suffered losses in Block 216 QOF, LLC, or other Qualified Opportunity Zone investments sold through Baker Tilly Capital, LLC, may be entitled to financial recovery through the filing of a FINRA arbitration claim.
If you suffered losses in Block 216 QOF, LLC or any other Baker Tilly Capital Opportunity Zone investment offerings, contact securities attorney Steven D. Toskes to discuss your potential recovery options at (888) 997-9956 or investigations@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.
Block 216 QOF, LLC is a high-risk private placement Qualified Opportunity Zone investment marketed by Baker Tilly Capital, LLC. The fund was designed to finance Block 216, a mixed-use skyscraper in Portland, Oregon, promising investors tax benefits and substantial returns. Qualified Opportunity Zone private placements (“Reg D” offerings) are inherently volatile, typically involving long lock-up periods, limited liquidity, and minimal SEC disclosure requirements compared to publicly traded investments.
Financial professionals and their firms have an obligation to conduct adequate due diligence on investment offerings prior to making recommendations to their customers, in addition to having a fiduciary duty to recommend suitable investments that are in their customer’s best interest.
The Block 216 QOF, LLC Opportunity Zone fund offering was marketed to investors by Baker Tilly Capital with the prospect of attractive tax advantages and returns; however, it carries significant risks, including limited liquidity. Recent reports indicate that Block 216 is facing severe financial challenges and could potentially enter foreclosure, placing investors’ funds at significant risk. Additionally, investors are subject to extended lock-up periods, severely limiting their ability to exit the investment or access their capital when needed. Private placements or “Reg D” offerings can be highly volatile investments, as they are early-stage companies with limited information and are not bound to the same SEC disclosure requirements as public investment offerings.
Investment firms may be held liable for any losses incurred by their customers in the event of unsuitable investment recommendations, misrepresentations or omissions of material facts, and/or an overconcentration of the customer’s portfolio in one particular investment, class, or market sector, as well as failure to conduct adequate due diligence on investment offerings recommended by the firm.
If you suffered losses in Block 216 QOF and/or any other Qualified Opportunity Zone Fund investment at Baker Tilly Capital, contact securities attorney Lawrence L. Klayman to discuss your potential recovery options at (888) 997-9956 or fill out a short contact form for a free and confidential consultation.
Potential conflicts of interest may arise when issuers incentivize brokerage/investment advisory firms with substantial commissions to promote their financial products. A problem often associated with private placement investment recommendations is the high sales commissions brokers typically earn for selling these investments. A brokerage firm or representative that recommends investments to their customer for the purpose of being compensated through increased commissions, and enriches themselves rather than benefiting the client, is violating securities laws.
To recover investment losses, you generally won’t go through the traditional court system with a lawsuit. The correct path is through FINRA arbitration, a specific process designed for these types of disputes. It involves presenting your case to a panel set by the Financial Industry Regulatory Authority (FINRA), not a courtroom. This approach is streamlined and focused on investment disputes, making it a suitable and effective way for investors to seek compensation for losses caused by financial advisors or brokerage firms.
FINRA (the Financial Industry Regulatory Authority) is a self-regulatory organization that oversees brokers and brokerages. In the event of a dispute between an investor and their financial advisor, investors can choose to file a FINRA arbitration claim. FINRA is overseen by the Securities and Exchange Commission (“SEC”).
The arbitration process is designed to be much faster than the court system and allows both parties to present their case before a panel of arbitrators. The arbitrators will then decide how to resolve the dispute, including ordering the advisor to pay damages for any losses suffered by the investor.
If you need help filing a FINRA arbitration claim to recover Block 216 QOF and/or any other Qualified Opportunity Zone fund investment losses, you are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
As an investor, there are signs that you should look out for if you believe you have a claim against your broker/advisor for unsuitable investment recommendations in Block 216 QOF, LLC. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered investment losses as a result of a recommendation to purchase Block 216 QOF, LLC and/or any other Qualified Opportunity Zone investment funds by your broker/financial advisor at Baker Tilly Capital, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.