Regulators Cracking Down on Nontraded REITs

Late last year, FINRA barred a former LPL broker for several industry rules violations relating to the sale of nontraded REITs from2009-2012. FINRA seems to be giving more regulatory attention to the improper sale of nontraded REITs, which permeated the industry from 2007-2011. Prior to last year, FINRA’s actions against brokers and firms were rare. As more investors have complained to regulators and filed arbitration cases about REITs, the regulators and the arbitration process have resulted in some restitution to them.

This entry was posted in Uncategorized. Bookmark the permalink.