Broker Keith Kelt Supposedly Sold Unsuitable REITs To TKG Financial, Kovack Investors FINRA BrokerCheck reports troubling allegations against securities broker Keith Landon Kelt (CRD#: 267357, Santa Barbara, California). Notably, three investors filed disputes about the broker, who worked for TKG Financial from 2005 to 2017 before joining Kovack Securities in 2017. These investor disputes seem […]

LPL Broker Don Woods Allegedly Recommended, Sold Unsuitable Alternative Investments Investors are voicing complaints about securities broker Donald “Don” Stephen Woods [CRD#: 727894, Louisville, Kentucky]. Apparently, the securities broker worked for LPL Financial LLC between July 1, 2010 and January 20, 2017 and then worked for Thurston Springer Financial from December 22, 2016 to August […]

Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: FIRST ALLIED SECURITIES, INC. (Respondent) The Claimant, who resides in Kentucky, maintained an investment relationship with the Respondent and its Financial Advisor, Christopher Douglas Risher (Chris Risher) CRD#: 4325125.  Chris Risher has not been named in the lawsuit.  FIRST ALLIED […]

Soreide Law Investigating Claims Against Apollo Commercial Real Estate Finance (ARI) Soreide Law Group is investigating potential claims on behalf of investors who were sold Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) by their broker. ARI is a real estate investment trust (REIT) primarily originating and investing in commercial mortgages and mezzanine loans which […]

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 […]

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 claims against brokerages who sold their clients CIP Leveraged Fund Advisors, LLC. These investments may have been misrepresented to a more conservative client, as safe or low risk. Also, it is alleged that some brokers may have over-concentrated CIP in their clients' portfolios. CIP Leveraged Fund Advisors, LLC, also […]