Attorney Lars Soreide, of Soreide Law Group, has filed a FINRA arbitration against Ellen Erenstein, and Investors Capital, for the sale of Tenants In Common (TIC) real estate investments and other high risk private placements.
The TIC’S and alternative investments sold to Soreide Law Group’s client that Ms. Erenstein recommended, have not performed well and are illiquid. Investors who have invested in these TICs have lost a majority if not all of their investments. Ms. Erenstein often touted the tax benefits and safety of TIC investments without adequately disclosing the level of risk.
It is alleged in the FINRA action that the TICs and private placement investments were inappropriate due to the investor's age, financial situation and sophistication.
Investors in Charlestowne, LLC, Commonwealth Capital Corp.’s Income and Growth Fund V, Icon Leasing Fund Eleven, Shoreview Corporate Center, and Doral Court TICs, have retained Soreide Law Group to recover their losses.
If you invested in a TIC or other private placement investments through Ellen Erenstein formerly of Investors Capital Corp. and believe you were misled, call (888) 760-6552.
Soreide Law Group has filed a FINRA arbitration on behalf of their client (Claimant) against: WELLS FARGO CLEARING SERVICES, LLC (Respondent). The Claimant, in his mid-70s, is retired and living in Georgia. According to the lawsuit, the Claimant maintained his funds in cash accounts at Wells Fargo Bank and was referred to WELLS FARGO broker, […]
Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Colin Christy Kelty (also known as Colin Kelty) [CRD: 5859007, Oakbrook, Illinois]. Colin Kelty has been registered with Cetera Investment Services LLC since December 6, 2011, and Cetera Investment Advisers LLC since January 21, 2014. Previously, Kelty worked for Vision Investment Services, Inc., from […]
Employee Stock Options and Ownership Plans: Key Information Employee stock options (ESOs) and employee stock ownership plans (ESOPs) are popular benefits offered to employees by both private and publicly-traded companies; in certain cases, consultants, contractors and even investors may be offered stock options. The underlying stock options provide employees or stakeholder with a stake in […]
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