Inland American Real Estate Trust Inc., the largest nontraded real estate investment trust, (also known as nontraded REITs), worth $10.8 billion, reported on March 13, 2013, that some of their investors are alleging the REIT's management failed in its fiduciary responsibility, resulting in false valuations and excess fees being paid to the REIT's business manager. […]

Massachusetts securities regulators sued LPL Financial, LLC, in December over sales practices of brokers regarding the REITs. Secretary of the Commonwealth, William Galvin, charged LPL Financial with a failure to supervise registered reps who sold the nontraded REITs in violation of both state limitations and the company's rules. The Securities Division also charged LPL Financial […]

Securities Lawyer, Lars Soreide, of Soreide Law Group, is currently investigating Gramercy Securities, Inc. This brokerage has been alleged to have placed unsophisticated investors' money into unsuitable investments. There have been claims, for example, of a recent widow losing her entire net worth by investing in risky private placements. Some of these risky private placements […]

In an article by Bruce Kelly of InvestmentNews.com, from May 10, 2011, he writes that the largest nontraded real estate investment trust in the industry, Inland American Real Estate Trust Inc., is under investigation by the Securities and Exchange Commission for potential violations of federal securities laws regarding its fees and administration. The SEC's investigation […]

Soreide Law Group is currently investigating claims on behalf of our clients who may have suffered losses by investing in Amidee Capital and the Inland American REITs. They are non-traded Real Estate Investment Trusts, commonly known as 'REITs', which may have liquidity and redemption risks that may have not been known to investors.    If you or a family member have sustained […]