FINRA has an investor alert on non-traded REITs, which investors should review prior to considering any investment into these products. Non-traded REITs are publicly registered non-exchange traded real estate investment trust (REIT). Our investigations have shown that some brokers and financial advisors fail to disclose the risks associated with these securities, to include their illiquid… Read more »
Posts Tagged: failure to disclose
Broker, Peter Brainard Jr. suspended from FINRA for failing to disclose over $600,000 of tax liens and judgments
Menzer & Hill, P.A. is investigating claims involving Peter Bulkeley Brainard Jr. (CRD #2890845, Old Saybrook, Connecticut), a former broker with Ameriprise Financial Services. Prior to working for Ameriprise, Brainard worked for American Portfolio Services and prior to that he was with Lincoln Financial Advisors. Brainard recently entered into a Letter of Acceptance, Waiver, and Consent (“AWC”)… Read more »