FINRA Arbitration filed against Financial West Group to recover TIC losses

WASHINGTON, N.J. - Nov. 26, 2014 - PRLog -- The claim, filed against Financial West Group, seeks recovery of investment losses between $100,000 and $499,999.

The claim filed by The White Law Group was submitted on behalf of a New Jersey investor and alleges claims for fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim specifically alleges that the investors were unsuitably invested in a TIC investment.  The claim further alleges that Financial West Group failed to perform the proper due diligence on the TIC investment prior to offering it for sale to its clients.

Broker-dealers have a fiduciary duty to research investments prior to recommending them for sale to its clients and to ensure that the investments in recommends are appropriate for the client in light of the clients age, investment experience, net worth, and investment objectives.

The claim alleges that the losses were incurred in the following TIC investment: Wells CapHarbor TIC.

Finally, it is alleged that Marc Sussman was the financial advisor of record at the time of the investment recommendation.

For more information on the claim filed by The White Law Group, please contact the firm’s Chicago office at 312-238-9650.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.