At Soreide Law Group, we're actively probing into the potential investor claims tied to broker-dealers. There are concerns that some might have inappropriately advised for investors to purchase Parking REIT (recently rebranded as Mobile Infrastructure Corp.).
Shares of Mobile Infrastructure Corporation are reportedly valued at $14.76 per share as of August 2022.
SEC pressed fraud charges against a Parking REIT executive and Vestin Mortgage LLC (the executive’s advisory). The allegations include the diversion of $29 million from Vestin Realty Mortgage I and II into The Parking REIT and the orchestration of money-draining transactions that supposedly profited the executive and The Parking REIT.
It's a harsh reality that several investors plunge into alternative investments without a full grasp of the associated risks. These investments, by nature, are intricate and rife with uncertainties. Conventional investment avenues include mutual funds, bonds, and stocks. REITs are a different ball game and resonate more with seasoned or institutional investors.
The illiquidity of alternative investments is another hurdle. Investors keen on offloading such investments often hit a wall or suffer massive losses if they manage a sale. Securities firms, on their part, are bound by duty to conduct thorough research on any investment they pitch and must ascertain its suitability for the investor. Any lapses in this regard could open the door for accountability for resultant losses via an investor claim or lawsuit.
At Soreide Law Group, we're currently championing the cause of aggrieved investors in claims against their brokerage entities. If your investments in the Parking REIT (now Mobile Infrastructure Corporation) have caused you losses, get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer concerning a potential recovery. Soreide Law Group, who has helped recover money for investors throughout the country, works on a contingency fee basis and advances all costs.
Recently Passco Palm Desert issued K-1’s to their investors for Cancellation of Debt Income. This tax bill will be in addition to the losses suffered by the investors for the failed Passco Palm Desert Investment. When canceled debt is taxable: If you do not qualify for an exception or exclusion, you must report the canceled […]
Soreide Law Group is reviewing potential claims from investors who may have been harmed by the way securities brokers and financial advisors marketed and sold certain investment products. One investment drawing attention is WALK DST, a Delaware Statutory Trust offered to investors nationwide. Concerns have surfaced that raise important questions about this investment’s risks and […]
Soreide Law Group is reviewing potential investor claims tied to possible sales practice violations by securities brokers and financial advisors. One of the products under review is VINTAGE DST, a Delaware Statutory Trust connected to real estate investments. This offering has drawn attention because of serious concerns investors should be aware of. The following overview […]
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