Why Doesnt the Value of My Non-Traded REIT Seem to be Changing? Ive Asked My Stockbroker and the Answer Was Vague.
A: If your stockbroker does not have an explanation for the valuation of your non-traded REIT, then it is important to ask the question of an experienced Cleveland investment fraud attorney. Under current rules, your non-traded REIT shares may be valued based on the par value per share made at offering for as long as four to five years. During that time, stockbroker fees and up-front expenses may not even show on your brokerage statement, and market value may not be established.
While the rules allow for this, your stockbroker also has a fiduciary responsibility to act with due care and to advise you about the potential benefits, risks, and value of your investment. If that does not happen, then your stockbroker may be liable for any financial losses that you incur.
For more information about your rights or help recovering damages, please contact an experienced Cleveland investment fraud lawyer today at the Ohio investment fraud law firm of Meyer Wilson by calling 614-224-6000 or toll-free at 1-866-827-6537.
Additionally, we invite you to read our FREE book Five Signs of Investment Fraud... And What to Do if it's Happened to You to learn more about your rights and potential recovery.