Concerned about your investment in Go Store It Gerber Road LLC?

The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly recommending Go Store It Gerber Road LLC to investors.

Go Store It Gerber Road LLC reportedly filed a form D to raise capital from investors in 2019, according to a filing with the SEC. The total offering amount was purportedly $12,112,516.

The White Law Group has represented a number of investors over the last few years who were invested in illiquid tenants -in -common (TIC) investments. Unfortunately, unscrupulous financial advisors will push these products to maximize their own commissions. The firm is investigating the liability that FINRA registered brokerage firms may have for improperly recommending high-risk tenants-in-common to investors.

What is a Tenants-in-Common (TIC) Investment?

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 typically not involved in the day to day management of the property but do retain certain other rights regarding the management of the property.

Is a TIC investment suitable for you?

It’s important to understand the potential risks, costs, and advantages of a TIC, such as Go Store It Gerber LLC, before investing. Generally offered as a 1031 exchange tax deferral, financial professionals often misrepresent the risks and benefits of these investments.

These investments are often marketed to conservative and retired investors. TIC investments also typically pay a high commission, sometimes more than 10%, which may explain why a financial advisor may recommend them to their clients.

Your financial advisor should ensure that any investment that they recommend 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.

Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim.

Free Consultation with a Securities Attorney

If you are concerned about your investment in Go Store It Gerber Road LLC, please call the securities attorneys at The White Law Group at 888-637-5510 for a free consultation. 

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