HOUSTON, Oct. 11, 2011 (GLOBE NEWSWIRE) -- The Securities Law Firm of Shepherd Smith Edwards & Kantas LLP, www.sseklaw.com, is continuing to investigate brokerage firms who sold non-traded real estate investment trusts (REITs) in light of a recent investor alert from the Financial Industry Regulatory Authority (FINRA) warning investors of hidden risks associated with the investment. Non-traded REITs carry high front-end fees of as much as 15%, are highly illiquid, carry many risks that are not disclosed to investors, have distributions that can be suspended or discontinued altogether and distributions are taxed as ordinary income versus capital gains, among other things.
Most recently, David Lerner Associates Incorporated was involved in highly publicized litigation regarding its Apple REITs. Other well-known non-traded REITs include Inland, Behringer Harvard, Desert Capital, KBS, Wells, Timberland, Cole and Hines, among others. If you have suffered losses in non-traded REITs, we would like to hear from you to discuss your potential claims.
Shepherd Smith Edwards & Kantas LLP has a team of attorneys, consultants and staff with more than 100 years of combined experience in the securities industry and in securities law. Since 1990, we have represented thousands of investors nationwide to recover losses. We have represented clients in Federal and State courts and in arbitration through the Financial Industry Regulatory Authority (FINRA), the New York Stock Exchange Inc. (NYSE), the American Arbitration Association (AAA) and in private arbitration actions. Collectively, we have represented over 1,000 investors over the last 20 years in negotiation, mediation, arbitration and litigation.