FINRA arbitration filed against Questar Capital, Multi-Financial Services and First Allied

ST. CLAIR SHORES, Mich. - July 17, 2015 - PRLog -- The White Law Group announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration statement of claim against Questar Capital, Multi-Financial Services, and First Allied.  This claim seeks to recover losses between $100,000 and $499,999.

The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of two Michigan investors alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Questar Capital, Multi-Financial Services and First Allied unsuitably invested the clients in the following high-risk, alternative investments:

Cole REIT
Hines REIT
Inland REIT
CNL
Wells REIT
Grubb & Ellis REIT
Ridgewood T-Fund
Resource Financial Institutions Group
Franklin Square
Mewbourne
Cradle Cove
NNN

Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor.  It is alleged that Questar Capital, Multi-Financial Services and First Allied failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors.

Finally, it is alleged that Daryl C. Debol (CRD #2238703) was the broker of record for these investors.

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional.  It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court.

For more information on the claim filed by The White Law Group, please contact the firm's Chicago office at 312-238-9650.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.  For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.