Macerich (NYSE:MAC) – Mall REITs Decline in 2019
Are you concerned about your investment in Macerich (NYSE:MAC)? If so, the securities attorneys at The White Law Group may be able to help you.
Shopping Center and mall REITs are on the decline in 2019, according to reports. Investors are turning away from retail real estate after an almost record number of store closures this year.
Macerich (NYSE:MAC), a real estate investment trust that invests in shopping centers, is reportedly the third-largest owner and operator of shopping centers in the United States.
The company, based in Santa Monica, CA, was reportedly paying a high dividend of 6.9% in January. Unfortunately for investors, the stock is down nearly 40% in the past year.
Macerich – Securities Investigation
The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended Macerich to investors.
REITs often pay a high dividend but certain advisors may have unsuitably recommended Macerich in an effort to “chase yield.”
Broker-dealers have a legal obligation to act in the best interest of their clients and have to demonstrate adequate due diligence on an investment before recommending the investment to a client. Furthermore, recommendations should be consistent with an individual’s age, risk tolerance, financial objectives, and investment knowledge.
Broker-dealers that have not done their fiduciary duty or adequately disclose the risks when selling investments may be held liable for damages lost through FINRA arbitration claims.
If you are concerned about your investment in Macerich or another mall REIT, The White Law Group may be able to help you. 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 White Law Group, visit https://whitesecuritieslaw.com.
Tags: Mall REITs losses Last modified: November 14, 2019