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Written by 4:40 pm Blog, Current Investigations

NB Crest Investor Units LLC Securities Investigation 

NB Crest Investor Units LLC Securities Investigation, featured by top securities fraud attorneys, The White Law Group

Investigating Potential Claims involving NB Crest Investor Units LLC 

The White Law Group is investigating potential securities claims involving broker dealers and financial advisors who may have unsuitably recommended NB Crest Investor Units LLC to investors.  

NB Crest Investor Units LLC, based in Aliso Viejo, CA, reportedly filed a form D to raise capital from investors in 2019, according to filings with the SEC. The total offering amount sold to investors was purportedly $4,607,094. The type of securities is Tenants-in-Common (TIC), according to the filing. 

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. These investments are often marketed to conservative and retired investors. 

Generally offered as a 1031 exchange tax deferral, financial professionals often misrepresent the risks and benefits of TIC investments. TIC investments often pay high fees and sales commissions, sometimes more than 10%, which may explain why a financial advisor may recommend them to their clients. In this particular offering the sales commissions and fees are estimated at 10% of the total offering amount, according to the Reg D filing. 

Brokerage firms have a responsibility to adequately disclose all risks before selling any investment and must consider suitability factors such as age, financial needs, and risk tolerance to name a few. Firms that do not perform adequate due diligences on an investment or demonstrate a breach of fiduciary duty can be held accountable for losses incurred through FINRA arbitration. 

Filing a Complaint against your Brokerage firm 

If you are concerned about an investment in NB Crest Investor Units LLC, the securities attorneys at The White Law Group may be able to help you by filing a complaint against your brokerage firm. Please call the offices at 888-637-5510 for a free consultation with a securities attorney. 

For more information on TIC investments (also known as Tenancy in Common) please see: 

What is a Tenancy-in-Common Investment and is it suitable for you? 

 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 Seattle, Washington. 

For more information on the firm, please visit https://www.whitesecuritieslaw.com. 

  

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Tags: , , , , , , , , Last modified: December 30, 2021