Soreide Law Group Files FINRA Arbitration Against ROYAL ALLIANCE ASSOCIATES Due to Alleged Losses in AFIN

Soreide Law Group is investigating claims by clients that they allegedly suffered losses through the sale of AFIN due to recommendations by former Royal Alliance Associates broker:
WILLIAM GALE STRACENER III (Billy Stracener) CRD#: 4219142
while working with ROYAL ALLIANCE ASSOCIATES, INC. of LAFAYETTE, LA. 
Soreide Law Group recently filed a FINRA arbitration on behalf of our clients against Royal Alliance Associates due to alleged losses in AFIN. WILLIAM GALE STRACENER III was not named in the lawsuit.
American Finance Trust, Inc. (AFIN), was formerly known as American Realty Capital Trust. AFIN is a publicly traded real estate investment trust (also known as a REIT) focusing on managing and acquiring a high-quality single and multi-tenant portfolio that is service-retail focused, according to Yahoo Finance. American Finance Trust was designed as a non-traded REIT. Shares had been sold by brokers to investors at $25.00 apiece, raising an estimated $1,600,000,000.00 through the company’s offering during its non-REIT phase. Today AFIN is trading at approximately 11.24.
Many investors were advised by their brokers that AFIN could provide a safe and secure stream of income for their retirement. AFIN dropped approximately 40% in a single trading day after it started trading publicly.  Many investors have suffered devastating losses to their retirement savings due to the recommendations in AFIN. Both FINRA and the SEC have issued warnings regarding REITs and the risks involved.  Brokers are required to disclose these risks to their clients before they invest in REITs.
According to FINRA’s BrokerCheck, Billy Stracener has been registered in the securities industry for 18 years and was with 4 firms.  He is currently listed with the following firm since 11/18/2015:
SUMMIT BROKERAGE SERVICES, INC.
1201 Camellia Blvd Ste 213
Lafayette, LA 70508
His previous firm was:
08/16/2002 - 11/20/2015  ROYAL ALLIANCE ASSOCIATES, INC. - LAFAYETTE, LA 
If you've suffered losses in AFIN due to the alleged recommendations of former ROYAL ALLIANCE ASSOCIATES broker, WILLIAM GALE STRACENER III (Billy Stracener), or any other broker, contact  Soreide Law Group for a no-cost consultation with an experienced securities lawyer regarding the possible recovery of your AFIN investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group represents clients nationally on a contingency fee basis.