Kalos Broker Joepat Roop Allegedly Sold Unsuitable BDCs, REITs Soreide Law Group wants to know if you sustained losses through investing with Joseph Patrick “Joepat” Roop (CRD#: 2774470, Belmont, North Carolina). Roop is a securities broker who joined Dempsey Lord Smith, LLC in July 2019 after a 10-year stint at Kalos Capital. Notably, Financial Industry […]

The Financial Industry Regulatory Authority (FINRA) announced that it has fined Berthel Fisher & Company Financial Services, Inc. and its affiliate, Securities Management & Research, Inc., of Marion, Iowa, a combined total of $775,000. This fine was for supervisory deficiencies, which included Berthel Fisher's failure to supervise the sale of non-traded real estate investment trusts […]

The Financial Industry Regulatory Authority (FINRA) named eight products it will be monitoring in 2015. These are products which could lead to risks for investors, many of whom do not know enough about the products before investing in them. FINRA feels brokers also need to learn more about these products before they sell them to […]

Financial regulators are confronting investor frauds that are giving retirement savers steep losses on complex products that until a few years ago were aimed only at the most sophisticated investors, writes Nathaniel Popper in a New York Times article from Feb. 11, 2013. These victims are among the millions of Americans whose mutual funds and […]

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 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 […]

Soreide Law Group, PLLC, has been conducting investigations into several REITs.  Cornerstone Core Properties REIT was at one time valued around $8.00 per share.  If you were an investor at that price, you have now seen that value tumble to its current approximate value of $2.25.  This non-traded Real Estate Investment Trust has suffered a […]