Non-Traded REITs

Ronald Cleveland Investigation

April 1, 2013

Salas Wang LLC is currently investigating Ronald Cleveland (formerly of Edward Jones in Connecticut) for selling equity indexed annuities.  Specifically, FINRA fined Cleveland because he: sold equity-indexed annuities (EIAs), which were not  securities, totaling approximately $4,991,272 to individuals, some of whom had accounts at Cleveland’s member firm, and received commissions totaling approximately $403,737, without providing prior […]

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Inland American – SEC Probe – Salas Wang Investigation

May 11, 2012

The Wall Street is reporting that the SEC is investigating Inland American Non-Traded REIT.  Our firm has been investigating shareholder claims against brokers who sold shares to investors for sometime.  This recent SEC action, we believe, is the culmination of years of abuse.  According to the WSJ: The SEC is looking at activity of Inland […]

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Behringer Harvard REIT Investigation Ramps Up

January 13, 2012

Salas Wang LLC was already investigating and bringing cases for investments in Behringer Harvard.  But, as the Investment News points out, Behringer Harvard is actually starting to admit that its investors lost 60% of their original investment.  Our investigation has been focused on the details of the investment that brokers aren’t telling their clients.  Specifically, […]

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Wells REIT II Investor Recovery Options

December 27, 2011
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Wells REIT II real estate investment trust is an investment that is simply a fundraising entity for real estate mogul Leo F. Wells III.  Brokers sold this as a safe, guaranteed return investment, that ultimately may be just a bank account for the Wells family.  Conflicts of interest in this investment are rampant, and investors […]

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Behringer Harvard REIT Investigation

September 6, 2011

Salas Wang LLC has been investigating non-traded REITs for awhile (see Salas Wang’s explanation of Non-Traded REITs here). But one REIT family in particular has been serially harming investors:  Behringer Harvard. Brokers are selling these REITs to lots of investors–earning huge commissions–while hiding the massive risk that come with these illiquid investments. In the past […]

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