Soreide Law Group is investigating potential investor claims involving financial advisors and securities brokers who recommended CIM Real Estate Finance Trust, formerly known as Cole Credit Property Trust IV. CMFT was sold as a non-traded REIT, but a 2026 restructuring ended its REIT status and substantially altered investors’ ownership, income, tax, and liquidity expectations. Investors […]

Federal regulators have settled fraud charges against Phoenix American Hospitality, a Dallas-based manager of hotel investment funds, and its president, William Lee "Perch" Nelson. According to the Securities and Exchange Commission (SEC), the company raised approximately $86 million from more than 2,000 retail investors. They allegedly made false statements about the funds' hotel holdings and […]