FORT LAUDERDALE, Fla., Dec. 28, 2012 (GLOBE NEWSWIRE) -- The Law Firm of David R. Chase, P.A., headed by a former SEC Prosecutor, announces its investigation of the sales practices utilized by LPL Financial in connection with its recommendations of non-traded REITS, including Inland America and Cole Credit Property, to its retail customers.
Just recently, the Massachusetts Securities Division filed a complaint against LPL Financial charging it with fraudulent business practices arising out of its sales of various non-traded real estate investment trusts to its Massachusetts customers. Specifically, the complaint alleges that LPL Financial sold non-traded REITS in violation of certain prospectus requirements and its own compliance practices.
LPL customers who purchased non-traded REITS are welcome to contact my law firm to explore their legal rights and remedies. My law firm has represented REIT investors in cases against securities firms alleging that the REITS -- illiquid and highly speculative -- were unsuitable, especially for the elderly and retirees, who sought safe, income producing investments and, further, that the true risks of the investments were either misrepresented and/or not fully and properly disclosed to them.
The Law Office of David R. Chase, P.A., based in Fort Lauderdale, Florida, represents investors nationwide. The Firm's principal, David R. Chase, has been practicing for 20 years, is AV-Rated by Martindale-Hubbell -- its highest competence and ethics rating -- and previously served as a Securities and Exchange Commission (SEC) Prosecutor. More about the firm is available on its website at: www.davidchaselaw.com.
Cases taken on a contingency fee basis, meaning no attorney's fee if no recovery.
If you would like to discuss your situation on a confidential, no obligation basis, please call me:
|David R. Chase, Esq.|
|Law Office of David R. Chase, P.A.|
|1700 East Las Olas Boulevard, Suite 305|
|Fort Lauderdale, FL 33301|
|888-337-8625 (Toll Free)|
Source:David R. Chase, P.A.