Braemar Hotels & Resorts Inc. (NYSE: BHR) Securities Investigation
The White Law Group is investigating securities claims involving broker dealers who may have improperly recommended Braemar Hotels & Resorts Inc. to investors.
Braemar Hotels & Resorts, Inc. is a REIT focused on investing in luxury hotels and resorts.
Proxy Battle
According to SEC filings, in June 2024, during a corporate governance dispute at Braemar Hotels & Resorts Inc. (NYSE: BHR), Blackwells Capital LLC, a shareholder, was reportedly in a proxy contest to push for changes at Braemar.
Blackwells was reportedly campaigning for the election of its nominees to the board, criticizing current leadership, particularly its Chairman, for actions they claim have devalued the company’s stock and benefitted him through an “Advisory Agreement.” According to reports in July 2024, the proxy battle has ended in a truce.
Filing a Complaint against your Brokerage Firm
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly recommending high-risk private placements to investors.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim.
Free Consultation
If you have concerns regarding your investment in Braemar Hotels & Resorts and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington.
Last modified: October 2, 2024
