Have you suffered investment losses in a Oak Park Office Center tenant-in-common (TIC)? If so, The White Law Group may be able to help you recover your losses through a FINRA arbitration claim against the brokerage firm that recommended the investment.
A TIC investment is when a property is sold to multiple investors who then own fractional interests in the property as co-owners. 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.
Many investors are attracted to the potentially high returns offered by TICs, especially retired investors seeking a source of income. Unfortunately, TICs are high risk, speculative investments and arguably unsuitable for most investors since the TICs performance and ability to make distributions to investors is dependent on the underlying real estate property and the overall health of the real estate market.
Brokerage firms that sell TICs, like Oak Park Office Center, have a fiduciary duty to recommend investments that are in line with the client’s investment objectives, risk tolerance, age, net worth, investment experience, and liquidity needs. In addition, brokerage firms are required to adequately disclose all the risks associated with any given investment, and to perform adequate due diligence to determine if the investment has a reasonable likelihood of success.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Oak Park Office Center, please contact The White Law Group at 312-238-9650.
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 Vero Beach, Florida.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.Last modified: July 30, 2015