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.
Financial Industry Regulatory Authority sanctioned securities broker Arthur Craigg McRae [CRD: 4697209, Williamsville, New York], given the public information found on BrokerCheck. McRae worked for Wells Fargo Advisors Financial Network LLC from August 1, 2014, to October 3, 2024. Investors are encouraged to continue reading to discover more about McRae’s disclosures. FINRA Suspended And Fined […]
Financial Industry Regulatory Authority (FINRA) sanctioned securities broker Michael Stephen Schoolcraft [CRD: 6375300, Lisle, Illinois], based on public information on BrokerCheck. Schoolcraft worked for MML Investors Services LLC from May 17, 2016, to May 1, 2026. Read on to find out more about Schoolcraft’s disclosures. MML Terminated Michael Schoolcraft Over Personal Loans MML Investors Services […]
Securities broker Patrick Michael Carroll [CRD: 2676119, Cadillac, Michigan] has disclosures including a regulatory action and investor complaint, according to Financial Industry Regulatory Authority (FINRA) BrokerCheck records. Carroll joined Centaurus Financial Inc. as a securities broker on September 20, 2006, and as a financial advisor representative on June 24, 2010. The disclosures described below include […]
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