LOST MONEY IN GWG L BONDS? CLICK HERE TO LEARN MORE

Notice to All LPL Customers Who Invested In REITs: The Securities Arbitration Law Firm of KlaymanToskes Urges You To Explore All of Your Legal Options In Light of Complaint Recently Filed by Massachusetts Against LPL Regarding REITs

If you have lost money in the stock market due to fraud, misrepresentation, negligence, or for other reasons, we can help you. We have successfully recovered over $250 million in FINRA securities arbitrations.*

Need Legal Help? Contact Us. Call +1 (888) 997-9956
Updated on: December 12, 2012

The Securities Arbitration Law Firm of KlaymanToskes (www.reitfraudloss.com) announced today that the Massachusetts Securities Division filed a Complaint against LPL Financial (“LPL”) for failure to supervise registered representatives who sold non-traded Real Estate Investment Trusts (“REITs”) in violation of both state limitations and the company’s rules. Further, LPL was charged with dishonest and unethical business practices. Massachusetts found that REIT sales at LPL contained violations, including sales made in violation of the State’s 10% concentration limits, sales made in violation of prospectus requirements, and sales made in violation of LPL compliance practices. Massachusetts also found that LPL representatives received limited training on REITs. Massachusetts focused on the following non-traded REIT products that were approved for sale by LPL: Inland American, Cole Credit Property Trust, II, Cole Credit Property Trust, III, Cole Credit Property 1031 Exchange, Wells REIT II, W.P. Carey Corporate Property Associates 17 and Dividend Capital Total Realty.

LPL customers who invested in REITs are encouraged to contact KlaymanToskes to explore their legal rights and options. Over the past year, KlaymanToskes has filed numerous securities arbitration claims with the Financial Industry Regulatory Authority’s Arbitration Department, on behalf of LPL customers who sustained significant losses in REITs.  It anticipates that it’s filings against LPL will only increase in 2013.

The attorneys at KlaymanToskes are dedicated to pursuing claims on behalf of investors who have suffered substantial losses. KlaymanToskes, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation.  It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.

If you wish to discuss this announcement or invested $250,000 or more in REITs, please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of KlaymanToskes, at 888-997-9956.