If your financial advisor recommended Creative Media & Community Trust (NASDAQ: CMCT) and you suffered substantial losses, you may have legal rights. A CMCT investment loss attorney can help you understand your options and pursue recovery.
Many investors purchased CMCT believing it was an appropriate income-producing real estate investment. However, as the commercial real estate market weakened, interest rates increased, and the office sector came under pressure, many investors experienced significant declines in the value of their investments.
While investment losses alone do not establish wrongdoing, brokerage firms and financial advisors have a legal obligation to recommend investments that are suitable for their clients and to fully disclose the material risks associated with those investments. If those obligations were not met, investors may have claims to recover investment losses.
Your losses may have resulted from more than normal market conditions. A brokerage firm may be legally responsible if your advisor:
- Recommended CMCT despite it being unsuitable for your financial objectives or risk tolerance.
- Failed to disclose the significant risks associated with the investment.
- Concentrated too much of your portfolio in CMCT or similar investments.
- Misrepresented CMCT as a safe, conservative, or low-risk investment.
- Failed to adequately monitor or reassess the investment after market conditions materially changed.
Depending on the facts of your case, you may have claims involving:
- Unsuitable investment recommendations
- Negligence
- Misrepresentation or omission of material facts
- Failure to conduct adequate due diligence
- Breach of fiduciary duty (where applicable)
- Failure to supervise registered representatives
Many investor disputes against brokerage firms are resolved through FINRA arbitration, a forum specifically designed to resolve securities disputes between investors and brokerage firms.
Why Choose Soreide Law Group?
Soreide Law Group represents investors throughout the United States in securities arbitration and investment loss matters. Our attorneys investigate whether brokerage firms and financial advisors complied with their legal obligations before recommending investments to their clients.
We will review:
- Your account statements
- The investment recommendation
- Communications with your financial advisor
- Your investment objectives and risk profile
- The circumstances surrounding your investment
Your initial consultation is free, and we will explain your legal options without obligation.
If you lost money investing in Creative Media & Community Trust (CMCT), don't assume your losses were simply unavoidable. An experienced investment fraud attorney can evaluate whether your brokerage firm may be legally responsible.
Call Soreide Law Group today at (954) 760-6552 or visit SecuritiesLawyer.com to schedule your free consultation.
Attorney Advertising. The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Prior results do not guarantee a similar outcome. Every case depends on its own facts and applicable law.