Recovery of Investment losses in Geneva 1031 LLC Tenants in Common
The White Law Group is investigating potential securities fraud claims on behalf of investors involving TICs (Tenants in Common). If your broker-dealer recommended that you purchase a risky TIC investment, such as Geneva 1031 LLC Tenants in Common, you may be able to recover your losses through FINRA arbitration.
According to its Form D SEC filing, Inland Real Estate applied for Geneva 1031 LLC Tenants in Common in New York, NY. The Form D was filed in 2008.
Geneva 1031 LLC Tenants in Common is a TIC. A TIC investment is defined as a property that is sold to multiple investors who then own fractional interests in the property as co-owners. The co-owners enjoy their share of the “pro rata” share of the net income (or expenses), appreciation, and share of the proceeds at the sale of the property. Tenants in common investors are not involved in the day to day management of the property but do retain certain other rights regarding the management of the property.
It’s important to understand the potential risks, costs, and advantages of a TIC before investing. Generally offered as a 1031 exchange tax deferral, financial professionals often misrepresent the risks and benefits of these investments. Moreover, the investments are often marketed to conservative and retired investors. TIC investments also typically pay a high commission, sometimes more than 10%, which may explain another reason a financial advisor may recommend clients to invest in them.
Is a TIC investment suitable for you?
The financial advisor should ensure that the investment that is being recommended is suitable for their clients. Liquidity needs, time horizon, risk tolerance, age, income, are just a few categories an advisor should take into account prior to recommending any investment. The brokerage firm must ensure that due diligence was completed at every level of each investment.
Recovery of Investment Losses
If you have suffered losses investing in Geneva 1031 LLC Tenants in Common, or another TIC, the securities attorneys of The White Law Group may be able to help you recover the investment losses through FINRA arbitration.
For a free consultation with a securities attorney, please call 888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on the firm and its representation of investors in FINRA arbitration claims, visit https://whitesecuritieslaw.com.
Tags: Chicago securities attorney, Geneva 1031 LLC Tenants in Common, Geneva 1031 LLC Tenants in Common bankruptcy, Geneva 1031 LLC Tenants in Common class action, Geneva 1031 LLC Tenants in Common investigation, Geneva 1031 LLC Tenants in Common lawsuit, Geneva 1031 LLC Tenants in Common losses, Geneva 1031 LLC Tenants in Common recovery, Geneva 1031 LLC Tenants in Common t complaints, Inland Real Estate class action, Inland Real Estate complaints, Inland Real Estate Direct Invest Tenants in Common, Inland Real Estate investigation, Inland Real Estate lawsuit, Inland Real Estate TIC losses, securities fraud attorney, tenancy in common interest losses, Tenants in Common interest class action, Tenants in Common interest investigation, Tenants in Common interest lawsuit, Tenants in Common interest losses, TIC attorney, TIC class action, TIC complaints, TIC investigation, TIC lawsuit, TIC losses, TIC recovery options, Vero Beach securities attorney Last modified: May 3, 2017
