LPL Financial Smacked For Tenant-in-Common Investments

February 15, 2012

According to a recent article in The Investment News, LPL Financial was just hit with a$1.4 million award for selling Tenant-in-Common investments, commonly known as TICs, to an elderly couple. ¬†According to the elderly couple’s attorney:

There was a fraudulent picture painted of investors receiving monthly income checks from the properties . . . That cash flow would replace the income received from income-producing properties that they were selling . . . The monthly check is the focal point of sale.

If you’ve lost money through Tenant-in-Common investments or LPL Financial, please call Jeffrey Salas at 312.803.4963 to discuss your options, or fill out the contact form below.

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