Posts Tagged: KBS Real Estate Investment Trust

Vernon Healy and Dovin Malkin & Ficken Law Firms File Another Multimillion Dollar Claim in FINRA Arbitration, Including REITs Sold by Paul Larsen, on Behalf of a Physician and His Wife in FINRA Arbitration

NAPLES, Fla., Oct. 4, 2013 — This week, the law firms of Vernon Healy and Dovin Malkin & Ficken filed another multimillion dollar FINRA arbitration relating to the sale of high-commission, high-risk, and illiquid products, including non-traded REITs. These products were sold by financial advisor Paul Larsen. Due to the actions of Larsen—as well as the compliance breakdowns… Read more »

Vernon Healy and Dovin Malkin Team File Another Claim on Behalf of Florida Retirees Who Were Improperly Sold Non-Traded REITs

Naples, Fla. — Paul Larsen, a former VSR Financial Services financial advisor, violated the law and FINRA regulatory rules in deceptively selling non-traded REITs and other alternative investments to a retired Florida couple living in an assisted living community, according to a claim filed last week by the law firms of Vernon Healy and Dovin… Read more »

Vernon Healy and Dovin Malkin Ficken file $2.3 million in claims on non-traded REITs and alternative investments

Naples, Fla. — A group of brokers registered with VSR Financial fraudulently misrepresented illiquid and speculative non-traded REITs and alternative investments that they sold to three clients, including to a cancer patient who was told the investments were safer than stocks and bonds, according to claims recently filed by the law firms of Vernon Healy… Read more »

For investors in KBS REIT I the trouble continues

More and more non-traded REITs continue to announce devastating losses for investors.  KBS REIT I is a repeat offender. Investors in the KBS Real Estate Investment Trust I were told last week that their shares, which have already been re-priced twice before, are now worth about 50 percent of what they initially paid. In addition,… Read more »

Financial Advisor Improperly Sold High Risk, Non-Traded REITs, Vernon Healy Claim Asserts

A financial advisor seeking high commissions for himself instead of the financial well being of his widowed school teacher client improperly sold her high risk non-traded REITs and other unsuitable investments that caused significant losses and locked up her retirement nest egg, according to a claim filed today by Vernon Healy, the investor rights law… Read more »

Non-Traded REIT disaster: A retired couple’s story

After more than 40 years of marriage and running a business together, a Florida couple sold their business and earned proceeds of $500,000. It was May 2008 and the economy was cracking. For years, the couple, now in their late 60s, had primarily reinvested in their business rather than the markets.  As a result, they… Read more »