Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.

Investors who purchased MacKenzie Realty Capital Inc. (MKZR) have watched in shock as the stock plummeted approximately 95% from its earlier highs. For many, this isn’t just a market downturn—it’s a financial catastrophe potentially rooted in broker misconduct or unsuitable investment recommendations.
Once a non-traded REIT that moved to the NASDAQ, MacKenzie Realty Capital has faced a perfect storm of financial distress. Factors contributing to the decline include:
Many investors were sold MKZR as a "stable, income-producing" real estate investment. However, REITs—especially those that transition from non-traded status—carry high commissions that often incentivize brokers to overlook risks.
If your financial advisor failed to disclose the illiquidity, high debt, or speculative nature of MacKenzie Realty Capital, you may have a claim for:
You do not have to accept these losses as "bad luck." At SecuritiesLawyer.com, we specialize in helping victims of broker fraud recover their hard-earned money through FINRA arbitration.
Losses are mounting, and time is limited to file a claim. If you lost 50% or more of your investment in MacKenzie Realty Capital (MKZR), contact us for a free case evaluation.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
Phone:
Fax: 1-954-760-6553
Email: [email protected]