The White Law Group Files Lawsuit against Essex and Infinex

Essex National Securities Inc. and Infinex Investments Inc. are Allegedly Responsible For Losses In High-risk Alternative Investment, Healthcare Trust Inc.   

The White Law Group announces the filing of a FINRA arbitration claim against Essex National Securities Inc. and Infinex Investments Inc. for investment losses involving a non-traded Real Estate Investment Trust (REIT), Healthcare Trust Inc (formerly known as ARC Healthcare Trust Inc).  See: Healthcare Trust Inc. – HTI – Recovery of Investment Losses

The White Law Group submitted a claim to FINRA Dispute Resolution on behalf of a New York resident, alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.    

The claim further alleges that Essex National Securities Inc. and Infinex Investments Inc. unsuitably invested its client in a high-risk non-traded REIT sponsored by AR Global, Healthcare Trust, Inc.  

The claim seeks damages of $100,000.00 to $400,000.00.   

It is alleged that Essex National Securities Inc. and Infinex Investments Inc. failed to perform the necessary due diligence on this investment prior to recommending it to this particular investor. Broker dealers have a fiduciary duty to adequately disclose the risks involved in an investment before recommending it, and must 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 and is an alternative to filing such claims in court.

“We believe there are many more investors who have suffered losses due to unsuitable investment recommendations who may not realize they have recourse, or may be unaware of any wrongdoing,” said D. Daxton White, managing partner of The White Law Group, a national securities fraud, securities arbitration, investor protection and securities regulatory/compliance law firm with offices in Chicago, Illinois and Seattle, Washington.  
   
“Brokerage firms are required to supervise their advisors to make sure that they are complying with FINRA rules. If it can be determined that the financial advisor’s employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim.”  
   
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington.   

For more information on the claim filed by The White Law Group, please contact the firm at 1-888-637-5510. To learn more about the White Law Group and its representation of investors in FINRA arbitration claims, visit http://whitesecuritieslaw.com.