SEC News
- SEC Charges Chicago-Area Father and Son Conducted Cherry-Picking Scheme at Investment Firm May 16, 2013FOR IMMEDIATE RELEASE2013-90 Washington, D.C., May 16, 2013 — The Securities and Exchange Commission today charged a father and son and their Chicago-area investment advisory firm with defrauding clients through a cherry-picking scheme that garnered them nearly $2 million in illicit profits, which they spent on luxury homes, vehicles, and vacations. Addition […]
- SEC Names Keith F. Higgins as Director of Division of Corporation Finance May 15, 2013FOR IMMEDIATE RELEASE2013-89 Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today named Keith F. Higgins as the new director of the agency’s Division of Corporation Finance. Mr. Higgins comes to the SEC from the law firm of Ropes & Gray LLP where he is a partner in its Boston office with 30 years of experience advising public com […]
- SEC Names Lona Nallengara as Chief of Staff May 15, 2013FOR IMMEDIATE RELEASE2013-88 Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today announced that Lona Nallengara has been named the agency’s chief of staff. Mr. Nallengara came to the SEC in March 2011 and served as deputy director for legal and regulatory policy in the Division of Corporation Finance until he was appointed in Decemb […]
- SEC Charges China-Based Executives in Scheme to Overstate Revenues and Divert Money for Personal Use May 15, 2013FOR IMMEDIATE RELEASE2013-87 Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today charged husband-and-wife executives at a China-based company with engaging in a scheme to overstate the company’s revenues and divert proceeds from a securities offering for their personal use. Additional Materials SEC Complaint The SEC alleges that RIN […]
- SEC, FINRA Issue Investor Alert On Pension or Settlement Income Streams May 9, 2013FOR IMMEDIATE RELEASE2013-86 Washington, D.C., May 9, 2013 — The Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) today issued an investor alert entitled Pension or Settlement Income Streams – What You Need to Know Before Buying or Selling Them. The investor alert informs investors about the risks involved when selli […]
TAG | CHP
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Have You Experienced Losses with CIP Leveraged Fund Advisors, LLC?
Comments off · Posted by Securities Lawyer in FINRA
Soreide Law Group, PLLC, is investigating claims against brokerages who sold their clients CIP Leveraged Fund Advisors, LLC. These investments may have been misrepresented to a more conservative client, as safe or low risk. Also, it is alleged that some brokers may have over-concentrated CIP in their clients’ portfolios.
CIP Leveraged Fund Advisors, LLC, also known as CIP, which stands for Cornerstone Industrial Properties, (managing partner Cornerstone Ventures) is a real estate investment fund manager for leveraged real estate investment funds. CIP also created and sold three non-traded, illiquid REITs, which may have tied their value into the performance of these funds–Cornerstone Healthcare Plus REIT (CHP), Cornerstone Healthcare Real Estate Funds (CHREF), and Meadowbrook Healthcare Properties (MHP).
Unfortunately for investors, CIP interests are now worthless. In February, 2010, Pacific Cornerstone Capital, Inc., of which CIP is an affiliated business, and it’s former CEO, Terry Roussel, were fined $750,000 for failing to provide investors with complete information on CIP Leveraged Fund Advisors, LLC.
The following firms have sold CIP Leveraged Fund according to the SEC’s Form D:
Advisory Group Equity Services, Ltd.
American Investors Company
Capital Financial Services, Inc.
Cullum & Burks Securities, Inc.
Cascade Financial Management Inc.
Pacific Cornerstone Capital, Inc.
Sammons Securities Company, LLC
Investors Capital Corp.
Equity Services, Inc.
Intervest International Equities Corporation
Private Consulting Group, Inc.
Investment Management Corporation
Royal Securities Company
Sigma Financial Corporation
USAllianz Securities, Inc.
Financial West Group
Harvest Capital LLC
Northland Securities, Inc.
Ameritas Investment Corp.
RBC Dain Rauscher Inc.
brokers recommending risky investments · CHP · CHREF · CIP Leveraged Fund Advisors LLC · CIP losses · Cornerstone Healthcare Plus REIT · Cornerstone Healthcare Real Estate Funds · Cornerstone Industrial Properties · Cornerstone Ventures · Financial Industry Regulatory Authority · FINRA · FINRA arbitration · Ft. Lauderdale Securities Lawyer · illiquid REITs · investment fund manager · Lars K. Soreide Soreide Law Group · leveraged real estate investment funds · Meadowbrook Healthcare Properties · MHP · Non-Traded Real Estate Investement Trusts · Non-traded REITs · Real Estate Investment Trust · REIT losses
