News By Tag
* Dividend Capital REIT losses
* More Tags...
News By Location
FINRA Arbitration filed against Wells Fargo over Dividend Capital REIT losses.
The White Law Group announces the filing of a FINRA arbitration claim against Wells Fargo Investments, LLC to recover investment losses in Dividend Capital REIT.
The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of retired Iowa farmer alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Wells Fargo unsuitably invested its client in Dividend Capital REIT and over-concentrated his assets in a high-risk, illiquid non-traded REIT investment.
Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor. It is alleged that Wells Fargo failed to perform the necessary due diligence on the Dividend Capital REIT investment prior to recommending it to this particular investor.
FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional. It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court.
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 Boca Raton, Florida. For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.