CNL Growth Properties Investment Losses
Have you suffered investment losses in CNL Growth Properties? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration.
CNL Growth Properties Inc., one of several non-traded REITs managed by Orlando-based CNL Financial Group, has decided to liquidate all of its multifamily properties and dissolve the company after completing a review of strategic options.
According to SEC filings, as of December 31, 2014 the REIT was valued at $9.40 per share. However, investors looking to sell their shares may have trouble finding a buyer willing to pay the estimated price. LPsales.com, a secondary market for private placements, sold shares of CNL Growth Properties in August for only $8.25 per share.
REITs are complex high risk securities that lack liquidity and making them unsuitable for many investors. Unfortunately, the high commissions associated with REITs often provides some broker-dealers with enough incentive to downplay the risks and overlook FINRA suitability rules when making investment recommendations to clients.
The White Law Group is investigating potential securities fraud claims involving broker-dealers’ improper recommendation that some investors purchase REIT investments. Brokerage firms that sell such products are required to perform adequate due diligence on the investments to ensure a reasonable likelihood of success, and to evaluate whether the investments are suitable in light of the client’s age, net worth, investment experience, and investment objectives.
For more information on The White Law Group’s investigation of CNL Growth Properties, go here.
Recovery of Investment Losses
Firms that fail to perform adequate due diligence, or that make unsuitable recommendations, can be held responsible for losses in a FINRA arbitration claim. If you suffered losses investing in CNL Growth Properties and would like a free consultation with a securities attorney, please call The White Law Group at (888) 637-5510.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.Tags: Chicago broker fraud attorney, Chicago FINRA attorney, Chicago investment fraud attorney, Chicago securities attorney, Chicago securities lawyer, CNL Growth Properties complaint, CNL Growth Properties complaints, CNL Growth Properties dissolve, CNL Growth Properties investigation, CNL Growth Properties lawsuit, CNL growth properties liquidation, CNL Growth Properties Losses, CNL Growth Properties offer, CNL Growth Properties recovery, CNL Growth Properties returns, CNL Growth Properties value, Vero Beach investment fraud attorney, Vero Beach securities attorney, Vero Beach securities lawyer Last modified: April 7, 2017