Soreide Law Group is currently investigating on behalf our clients, Capital Financial Services of The Woodlands, Texas, broker: MARK RAYMOND SITTER CRD#: 1810591 Soreide Law Group has been contacted by several clients from Texas who invested in high-risk Real Estate Investment Trusts or REITs through broker, Mark Sitter. These REITs were including, but not limited […]

American Realty Capital Properties (ACRP), a real estate investment trust(REIT), is currently facing claims by several of their investors. Among the claims, many investors are saying ACRP fraudulently inflated their performance figures. Among the complaints filed is a lawsuit filed by two Ohio public pension funds, the New York City retirement system, and the Teachers […]

A REIT, Real Estate Investment Trust, is a company that owns, finances, and in the majority of cases, operates income-producing real estate. They can be publically traded, private, or public but not listed. The two main types of REITs are 1) Mortgage REITs which deal in investment and ownership of property mortgages. The revenue is […]

Charles B. Davis, a former broker with Transamerica Financial Advisors Inc., was ordered by the Financial Industry Regulatory Authority Inc. (FINRA) arbitration panel to pay a former client $250,000 in punitive damages. The punitive damages ordered by FINRA against Charles B. Davis, sends a message to brokers/financial advisers that they will be fined heavily for […]

On February 24th., 2014, the Financial Industry Regulatory Authority, also known as FINRA announced that it fined Berthel Fisher & Company Financial Services, Inc. and its affiliate, Securities Management & Research, Inc., of Marion, Iowa. The fine totaled $775,000 for supervisory deficiencies. This fine included Berthel Fisher's failure to supervise the non-traded real estate investment […]

The Financial Industry Regulatory Authority, also known as FINRA, has issued a notice on their website which provides guidance to broker/dealers on the communications they have with their clients regarding unlisted real estate investment programs, including unlisted real estate investment trusts (REITs) and unlisted direct participation programs (DPPs) which invest in real estate. Recently, in […]

Many national brokerage firms, such as JP Turner and Co., sold investment notes of real estate investor Tony Thompson that promised high yields. The TNP 12% notes sold by JP Turner and other brokerage firms, are the subject of a Financial Industry Regulatory Authority Investigation (FINRA). As much as $50 million was raised through the […]

Did you suffer investment losses in ArciTerra LLC investments, such as the ArciTerra note program or the ArciTerra National REIT? The Phoenix based ArciTerra Group, LLC, has been incorporated since 2005. They acquire, hold, develop, manage, lease, and sell real estate properties in North America, including single/multi-tenant retail, office, and industrial properties, neighborhood and community […]

Did you suffer investment losses in ArciTerra LLC investments, such as the ArciTerra note program or the ArciTerra National REIT? The Phoenix based ArciTerra Group, LLC, has been incorporated since 2005. They acquire, hold, develop, manage, lease, and sell real estate properties in North America, including single/multi-tenant retail, office, and industrial properties, neighborhood and community […]