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.
Soreide Law Group is investigating potential investor claims involving World Investments LLC after FINRA sanctioned the firm for supervisory failures involving deferred variable annuity exchanges and registered index-linked annuities (RILAs). Investors who suffered losses in variable annuities, RILAs, or other investments recommended through World Investments may have legal options and should learn more about FINRA's […]
Investors potentially experienced sales practice violations by securities broker Gary Bryan Frisch [CRD: 5037164, Surprise, Arizona], according to public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Frisch worked for Avantax Investment Services Inc. and Avantax Advisory Services from October 25, 2019, through September 5, 2025, and has been registered with Cetera Wealth Services […]
Investors potentially incurred losses because of securities broker Christopher Frederick Chlupp [CRD: 2950578, Wisconsin Dells, Wisconsin], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Chlupp has worked for Robert W. Baird Co. Incorporated as a securities broker since June 25, 1998, and as a financial advisor since September 24, 1998. Keep reading to […]
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