FINRA Arbitration filed against NFP Securities to recover Tenant-In-Common Investment Losses

FT. LAUDERDALE, Fla. - Jan. 28, 2015 - PRLog -- The claim, filed against NFP Securities, seeks recovery of investment losses between $100,000 and $499,999.

The claim filed by The White Law Group was submitted on behalf of two Florida investors and alleges claims for fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim specifically alleges that the investor was unsuitably invested in the TIC investment and that NFP Securities only selected the investment because of the commission generated as a result of the recommendation.  The claim further alleges that NFP Securities failed to perform the proper due diligence on the TIC investment prior to offering it for sale to its client.

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 losses incurred in the following TIC property:  Cabot Turfway Ridge Acquisition, LLC.

On June 18, 2014, the Enforcement Section of the Massachusetts Securities Division of the Office of the Secretary of the Commonwealth filed a complaint commencing adjudicatory proceedings against Cabot Investment Properties (the sponsor of the Cabot TIC) and two of its principles - Carlton P. Cabot, and Timothy J. Kroll.

According to his FINRA BrokerCheck Report, Andrew G. Rosenberg (the financial advisor of record on the TIC transaction) is the subject of at least 34 customer disputes.

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 is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.  For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.