CHICAGO, Sept. 2, 2011 (GLOBE NEWSWIRE) -- Chicago attorney David Neuman announces a continued investigation into the sales practices of brokerage firms who sold to investors CIP Leveraged Fund Advisors (CFLA) and leveraged real estate funds like Cornerstone Healthcare Plus REIT (CHP REIT), Cornerstone Healthcare Real Estate Fund (CHREF) and Meadowbrook Healthcare Properties (MHP). Cornerstone Industrial Properties and CIP Leveraged Fund Advisors were affiliated businesses of California-based Pacific Cornerstone.
According to David Neuman, "Many investors are beginning to realize their investment has sustained large losses contrary to the way the Funds were pitched by stockbrokers. Some financial advisors sold the Cornerstone related REITs as secure, relatively safe, high yielding investments. In some cases, unsuitable investment recommendations may have been made or the full risks of the investments were not disclosed to clients. Many clients were told their entire investment would be returned to them in 24 months. These representations were false and misleading."
Neuman continued, "Our targets do not include the financial advisers who sold the investment and we are not naming them in our statement of claims. According to Form D, the firms who sold the CIP Leveraged Fund include Royal Securities Company, Financial West Group, RBS Dain Rauscher, Harvest Capital, Northland Securities, Ameritas Investment Group, Advisory Group Equity Services, Capital Financial, Pacific Cornerstone Capital, Investors Capital, Private Consulting Group, Cullum and Burks Securities, Sammons Securities and USAllianz Securities."
Investors who have sustained losses in the Funds can recover their money through the arbitration process or lawsuits. To learn more, please visit our law firm at www.InvestmentFraud.PRO or call our office in Chicago, Illinois at 312.332.4200 for a no obligation consultation on how to recover these losses on a contingency fee basis.