John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against:
LPL FINANCIAL LLC (Respondent).
The lawsuit alleges that the Claimants were solicited by the Respondent to invest in a non-traded REIT now known as Pacific Oak Strategic Opportunity REIT, Inc. The Respondent allegedly recommended that the Claimants reinvest dividends and make additional purchases over time into Pacific Oak Strategic Opportunity REIT. The lawsuit alleges that the Claimants expressed concerns regarding the decline in the investment, and the Claimants were allegedly told to hold and not to worry because new shares were being purchased at lower prices to reduce the overall cost basis. The Respondent, the lawsuit alleges, reassured the Claimants that the investment was still secure and would be profitable when it went public. However, according to the lawsuit, in late 2025, the Pacific Oak Strategic Opportunity REIT announced that it was struggling to pay back debt, signaling devastating losses for the Claimants and the other investors in the REIT.
The lawsuit claims the Claimants have suffered significant losses of approximately $288,000.00. LPL FINANCIAL’s actions, the lawsuit alleges, breach of contract, negligence, breach of fiduciary duty, negligent supervision, and violations of FINRA rules.
According to news reports, Pacific Oak Strategic Opportunity REIT, engages in the investment and management of a portfolio of opportunistic real estate, real estate-related loans, real estate-related securities, and other real estate-related investments. It operates through the following segments: Opportunistic Real Estate and Real Estate-Related Investments, Residential Homes, and Hotel. The company was founded on October 8, 2008, and its headquarters are in Los Angeles, CA. On January 12, 2026, amid a difficult financial situation and ongoing negotiations with bondholders, Pacific Oak REIT’s independent directors unanimously decided to pursue a plan of liquidation, subject to board and stockholder approval, and subsequently entered into a series of agreements to restructure management, funding, and governance.
If your broker/dealer recommended Pacific Oak Strategic Opportunity REIT and you’ve experienced significant investment losses contact Soreide Law Group and speak to an experienced securities lawyer at no cost: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA on a contingency fee basis, no fee to you if no recovery.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
Phone:
Fax: 1-954-760-6553
Email: [email protected]