FINRA Arbitration Filed Against VSR Financial Over Alternative Investment Losses

HOUSTON - Dec. 10, 2014 - PRLog -- The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of two Texas investors alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that VSR Financial unsuitably invested the clients in the following alternative and high risk investments (among others):

Columbia Property Trust (f/k/a Wells REIT II)

Cypress Income Fund VII

Cypress Income Fund IX

Cole Credit Property Trust II REIT

Retail Properties of America REIT

Healthcare Trust of America REIT (f/k/a Grubb & Ellis Healthcare REIT (f/k/a NNN

    Healthcare/Office REIT))

United Mortgage Trust REIT

Lightstone Value Plus REIT

CORE 2007 Debenture

The claim seeks damages in excess of $100,000.

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 VSR Financial failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors.

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 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.