Vestin Realty Mortgage I Securities Fraud Investigation
Did you lose money investing in Vestin Realty Mortgage I at the recommendation of your broker? If so, the securities attorneys of The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration claim against the brokerage firm that employs him.
Vestin Realty Mortgage I, Inc. is a Maryland corporation that acquires, manages or sells real property or acquires entities involved in the ownership or management of real property, and invests in loans secured by real estate through deeds of trust or mortgages. As of September 30, 2015, Vestin Realty Mortgage I, Inc. had assets of approximately $17.0 million. Vestin Realty Mortgage I, Inc. is managed by Vestin Mortgage, LLC.
According to SEC filings, in March 28, 2012 the company terminated their election to be treated as a REIT under the Internal Revenue Code of 1986, as amended , effective for the tax year ending December 31, 2012.
Then in 2015, Vestin Realty Mortgage I, Inc. voluntarily delisted the Company’s common stock from Nasdaq and voluntarily deregistering from the reporting requirements of the Securities Exchange Act of 1934, as amended on December 30, 2015.
The Trouble with REITs
Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITS, like Vestin Realty Mortgage I, are considerably more complex and involve a high degree of risk.
Unfortunately many investors were not made adequately aware of the risks and liquidity problems associated with REITs.
The White Law Group has represented numerous investors in claims against the brokerage firm that recommended non-traded REITs to these investors.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses.
If you have invested in Vestin Realty Mortgage I and would like to speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 for a free consultation.
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.
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