Behringer Harvard REIT I, Inc., a Dallas-based real estate investment trust, has announced a new name – TIER REIT, Inc. as of June 23rd., 2013. TIER REIT owns 44 commercial office properties throughout the United States with the majority being in Houston, Austin and Dallas/Ft. Worth, Chicago, Philadelphia, Washington, D.C.; Charlotte, North Carolina and select […]

Soreide Law Group, a Securities Arbitration Law Firm, is investigating claims against broker/dealers who sold Behringer Harvard Strategic Opportunity Fund I. InvestmentNews reported, that the Strategic Opportunity Fund I was "underwater," meaning that it is now worthless. InvestmentNews added that “its liabilities are greater than its assets.” The Behringer Harvard Strategic Opportunity Fund I, first […]

Soreide Law Group, a Securities Arbitration Law Firm, is investigating claims against broker/dealers who sold Behringer Harvard Strategic Opportunity Fund I. InvestmentNews reported, that the Strategic Opportunity Fund I was "underwater," meaning that it is now worthless. InvestmentNews added that “its liabilities are greater than its assets.” The Behringer Harvard Strategic Opportunity Fund I, first […]

The National Planning Corp.(NPC), a leading independent broker-dealer, said last week that it has suspended sales of American Realty Capital Trust V Inc., a fast-selling product that in June averaged sales of $10.8 million per day according to an article by Bruce Kelly of Investment News. Last Monday, NPC said that its concerns over ARC […]

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013.” Julie Thompson Moat aka Jill Moat (CRD #4916242, Registered Representative, Henderson, Nevada) was suspended from association with any FINRA member in any capacity for 45 days and ordered to pay […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2013.” Alison Marie Janke (CRD #4409155, Registered Representative, Port Richey, Florida) was fined $11,600, which includes the disgorgement of financial benefit received of $6,600, and suspended from association with any FINRA member in any capacity for three months. Without admitting or […]

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 […]

Soreide Law Group is currently investigating the Wells Timberland REIT for the investors who suffered financial losses. FINRA, the Financial Industry Regulatory Authority, fined Wells Investment Securities $300,000 for improper sales materials when selling the Wells Timberland REIT, from May 2007 to September 2009. (Wells Investment Securities neither admitted nor denied the charges.) FINRA stated […]

Soreide Law Group, PLLC, is conducting an investigation into Behringer Harvard REIT I. Earlier this year, Behringer Harvard REIT I lost two properties in Minnesota and St. Louis to foreclosure. At midyear, the company listed $3.98 billion in assets and $2.509 billion in liabilities. There are now lawsuits stating that share values in the REIT […]