Many investors have suffered substantial losses after investing in NorthStar Healthcare Income Real Estate Income Trust (REIT) at the unsuitable recommendation of broker dealers and their registered representatives. The securities lawyers at Colling Gilbert Wright PLLC are investigating claims from investors whose broker dealers did not inform them of the risks of such an investment and/or neglected the factors of their clients’ risk tolerance, age, investment experience, or age. If you sustained financial loss from your investment in NorthStar Healthcare REIT, our firm may file a Financial In ..read more

The Public Investor Advocate Bar Associatoin (PIABA) with the assistance of Congressman Cartwright, has been working tirelessly to address the transition of registered representatives/stockbrokers transition to a Registered Investment Advisor (RIA) model which includes arbitration clauses that are financially unviable for the average individual investor. As such, PIABA and other investor advocates are recommending that the Securities & Exchange Commission (SEC) look at suspending all mandatory arb clauses in RIA agreements until the issue can be further investigated and vetted. Excerpts fr ..read more

CSSI, which sold bonds backed by the bankrupt GWG Holdings Inc. and promissory notes issued by the recently bankrupt Institutional Capital Network, Inc. (iCap), informed the Financial Industry Regulatory Authority Inc. (FINRA) that it was filing its termination notice or “broker-dealer withdrawal,” according to the firm’s BrokerCheck report (11/28). Center Street, a relatively small brokerage firm, with just $336 million in advisory assets, is owned by Center Street Holdings Inc., a holding company owned by Arete Wealth Inc., another holding company. About 40 broker-dealers over the past decad ..read more

On April 14, 2023, the Financial Industry Regulatory Authority, Inc. (“FINRA”) filed with the Securities and Exchange Commission (“SEC”) the proposed rule change to adopt a voluntary, three-year remote inspections pilot program to allow eligible member firms to elect to fulfill their obligation under paragraph (c) (Internal Inspections) of FINRA Rule 3110 (Supervision) by conducting inspections of eligible branch offices, branch locations remotely without an on-site visit to such locations, subject to specified safeguards and limitations (the “Pilot”).  The proposed rule change was publis ..read more

On October 24, 2023, securities arbitration and litigation arbitration attorney William B. Young Jr. joined other esteemed securities practitioners at the Public Investors Advocate Bar Association Annual Meeting at the Broadmoor Resort in Colorado Springs, CO and presented on FINRA Mediation and Settlement techniques. This panel of top arbitration attorneys shared their strategies for successful mediation and settlement. The panel also shared lessons they have learned throughout their securities arbitration practice. The presentation included what works, what does not, and tips ..read more

Can I recover losses if my Broker or investment advisor recommended Non-Traded REITs and/or other Non- Conforming/Alternative Investments? The short answer is maybe. See below: Investing in a non-traded real estate investment trust (REIT) or Business Development Company (BDC) can be risky, which is why most non-traded REITs and BDCs are typically unsuitable for most individual investors…especially retirees and those with a limited ability to withstand risk and the corresponding loss of capital. The securities negligence and fraud attorneys at Colling Gilbert Wrigh, PLLC routinely investigate c ..read more

The Orlando Sentinel recently published this article that takes a brief but informative look at the process individual investors face when trying to get compensation when they experience losses due to the conduct of their investment professional (stock broker/investment advisor). Colling Gilbert Wright has a department dedicated to pursuing investor losses through the Financial Industry Regulatory Authority (FINRA) arbitration as well as other arbitration forums (JAMS and AAA). We are also active members of the Public Investors Advocate Bar Association (19 years) as well as occupy a leadership ..read more

On July 12, 2023, the Securities and Exchange Commission filed partially settled charges against Joseph Michael “Mike” Todd, a resident of Panama City, Florida, and his entities Todd Financial Services, LLC (“TFS”) and TFS Insurance Services LLC (“TFS Insurance”), for defrauding at least 20 brokerage customers of at least $3 million. Contact Colling Gilbert Wright PLLC Today If you’ve been the victim of investment fraud, you deserve justice. Colling Gilbert Wright PLLC has helped many investors recover their financial losses. Our experienced investment fraud lawyers have the knowledg ..read more

Recent changes to Vanguard Target Date Funds left some individual investors with an unexpected and large tax liability. Vanguard has long been considered a fee-friendly platform for individual investors seeking mutual funds and variable insurance products. However, recent changes have left some individual investors with higher than anticipated tax liabilities. Vanguard Target Date Funds (TDF) Vanguard is well-known for its customer-centered DIY investment planning. Many individual investors want something that’s hands-off instead of something that needs frequent tending. Target-Date Funds are ..read more

Investments can be inherently risky, making it difficult for many to decide whether to call a lawyer for investment fraud after a significant financial loss. Investment fraud is a very real concern for individuals who invest with brokers, financial advisors, and other professionals. While many investment professionals comply with their legal and ethical obligations, some do not, and some make mistakes despite being well-intentioned.  As a result, if you have concerns about investment fraud, you should not ignore them. Instead, you should be proactive about protecting your hard-earned weal ..read more