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 American Real Estate Trust to determine if the REIT committed violations related to management fees, the timing and amount of distributions paid to investors, and transactions with affiliates, according to a company filing with the SEC on Monday.