Today, in a Wall Street Journal article, Craig Karmin writes that the Securities and Exchange Commission (SEC), is currently investigating an $11 billion real-estate company for potential violations of federal securities laws, looking at the business of real estate investment trusts that aren't traded on exchanges. They are looking at the activity of Inland American Real Estate Trust to […]

Soreide Law Group, PLLC,  is currently investigating potential claims for the  investors of JP Morgan's Chase Private Client Group who were sold in-house proprietary products such as the Chase Strategic Portfolio.   Securities Lawyer, Lars K. Soreide, of Soreide Law Group, PLLC, has represented clients nationwide. If you or a family member have sustained investment losses […]

It was recently announced that the Royal Bank of Canada (RBC) will repay investors in Massachusetts, $2.9 million on losses from leveraged and non-leveraged exchange-traded funds, also know as ETFs.  This is just another example of the losses experienced, and now the crackdown on these very volatile funds. Massachusetts' top securities regulator, William Galvin, said in […]

Soreide Law Group, PLLC, is currently investigating the sale of promissory notes to investors by their brokerages.  Again, many conservative investors have said they were sold these notes as "low risk" when in fact, they were highly risky or fraudulent.  These investments also paid significantly higher fees to the brokers, making them much more motivated […]

This past Tuesday, May 1st., FINRA, the Financial Industry Regulatory Authority, Inc. fined four major brokerages $9.1 million for selling complex ETFs (Exchange Traded Funds) to investors whose portfolios were otherwise conservative.  Without admitting or denying the charges, the brokerges will be paying $7.3 million in fines, and $1.8 million in restitution to the clients who […]

The Securities and Exchange Commission (SEC) announced on May 1, 2012, that they  charged UBS Financial Services Inc. of Puerto Rico and two executives with making misleading statements to investors, concealing a liquidity crisis, and masking its control of the secondary market for 23 proprietary closed-end mutual funds. UBS Puerto Rico will settle the SEC’s charges by […]

The Financial Industry Regulatory Authority, or FINRA, recently awarded the following settlements in arbitrations:     Robinson v. Schmerman, FINRA ID # 12-00389 (Phoenix, AZ, 4/18/2012) - A sole Arbitrator, in a bifurcated Rule 12801 default proceeding, holds a broker who allegedly failed to follow instructions liable to a customer for $538,400, including $100,000 in punitive damages. […]

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 […]

Soreide Law Group, PLLC, is investigating the following REITs (Real Estate  Investment Trust), of which some may have recently seen a steep devaluation.  This is a list of current and available REITs that may be under review for our clients. American Realty Capital Daily Net Asset Value, Inc. American Realty Capital Trust, Inc. American Realty Capital New York Recovery REIT […]