FINRA Arbitration filed against New England Securities to recover alternative investment losses

AUSTIN, Texas - Jan. 27, 2016 - PRLog -- The claim, filed against New England Securities, seeks recovery of investment losses between $100,000 and $499,999.

The claim filed by The White Law Group was filed on behalf of a Texas investor and alleges claims for fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim specifically alleges that the investor was unsuitably invested in various high risk alternative investments and that New England Securities only selected the investments because of the commissions generated as a result of the recommendations.  The claim further alleges that New England Securities failed to perform the proper due diligence on the investments prior to offering them for sale to its client.

Broker-dealers have a fiduciary duty to perform adequate due diligence on any investment prior to recommending them for sale to their clients and to ensure that the investments it recommends are appropriate for the client in light of the client's age, investment experience, net worth, and investment objectives.

The claim specifically involves the following high-risk alternative investment:

Retail Properties of America (f/k/a Inland Western Retail REIT)
Piedmont REIT (f/k/a Wells REIT)
Monogram Residential Trust (f/k/a Behringer Harvard Multifamily REIT I)
Leaf Equipment Leasing Fund III
InvenTrust Properties (f/k/a Inland American REIT)
CatchMark Timber Trust (f/k/a Wells Timberand REIT)
Atlas Resources Public #16-2007(A)
Atlas Resources Public #17-2008(B)
Atlas Resources Public #18-2009(B)

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.