Lawsuit filed against Cetera Advisors Network & Triad Advisors

CHICAGO - Sept. 4, 2019 - PRLog -- The White Law Group announces filing of a FINRA Arbitration lawsuit today. The claim, submitted on behalf of a New Ulm, Minnesota couple, alleges claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.

The claim further alleges the two firms unsuitably invested the clients in the following high-risk private placements and non-traded REITs:

Cetera Advisors Network
ARC Healthcare Trust I
ARC Healthcare Trust II
CPA 18 Global REIT
WP Carey-Global 18
ARC Trust IV
Cole Income Trust
Cole Credit Property Trust IV (CCPT IV)

Triad Advisors LLC
GPB Capital
Franklin Street
Cole Office and Industrial REIT

The FINRA claim seeks damages between $100,000 and $500,000.

It is alleged that both Cetera Advisors Network and Triad Advisors LLC failed to perform the necessary due diligence on this investments prior to recommending them to these particular investors.

According to D. Daxton White, managing partner of The White Law Group, "It is unfortunate, but we believe that many more investors have suffered devastating losses due to the broker-dealer's failure to supervise and don't realize they have recourse."

Brokerage firms are required to supervise their financial advisors to ensure that they are complying with FINRA rules. If it can be determined that the advisor violated FINRA rules and the employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim.

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.

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 without filing such claims in court.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information The White Law Group and the lawsuit filed against Cetera Advisors Network and Triad Advisors LLC, please contact the firm at 1-888-637-5510 or visit https://www.whitesecuritieslaw.com.