What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: September 12, 2016

According to a recent InvestmentNews article, Brian S. Block, former Chief Financial Officer at American Realty Capital Properties Inc., now known as Vereit, was charged with overstating financial performances at the company. The Department of Justice and the Securities Exchange Commission (SEC) also charged him with overstating the financial performance of the company by purposefully inflating a key metric used by analysts and investors to assess the company. Allegedly, Block and another chief accounting officer, Lisa McAlister devised the scam to manipulate the calculation of the real estate investment trust (REIT’s) adjusted funds from operations. Mr. Block was arrested Thursday morning on conspiracy, securities fraud, and other charges. Ms. McAlister pled guilty to one count of conspiracy to commit securities fraud, one count of securities fraud, and one count of making false statements.

REITs tend to be very risky and illiquid investments that are not suitable for all investors. If you were recommended and sold the Vereit non-traded REIT, and lost funds, you may be able to recover them in the Financial Industry Regulatory Authority (FINRA) by suing your brokerage firm on a contingency fee basis. The call to us to discuss your options with an attorney is free, so please call today. 312-332-4200.

Disclaimer

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.

Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltmann Law Securities Investment Fraud Attorneys