Stoltmann Law Offices is investigating VSR Financial Services because of claims that the firm is violating sales practices related to solicited investments in non-traded alternative investments. These include real estate investment trusts (REITs) and Business Development Companies (BDCs). We are pursuing securities arbitration claims against VSR for unsuitable recommendations, misrepresentations and omissions, securities concentration and failure to supervise. All of these are against securities rules and regulations and claims related to these can be brought against the firm. Non-traded alternative investments have risks and costs which make them unsuitable for many investors. Our investigation is related to alternative investments in non-traded REITs and BDCs that include:
America Realty Capital Properties (Vereit);
CNL Corporate Capital Trust;
Cole Capital REITs;
Franklin Square Energy and Power Fund;
Northstar Real Estate Income;
Sierra Income Corporation; and
United Development Funding IV
Brokerage firms are required to provide more disclosure concerning non-traded REITs and BDCs on customer account statements. We investigate whether adequate disclosure was made to customers regarding these risky and illiquid investments. We sue firms such as VSR in the Financial Industry Regulatory Authority (FINRA) arbitration forum to help investors recover their losses on a contingency fee basis.
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