FINRA Arbitration filed against Prospera Financial to recover TIC losses

MINNEAPOLIS - July 18, 2016 - PRLog -- The claim, filed against Prospera Financial, seeks recovery of investment losses between $500,000 and $900,000.

The claim filed by The White Law Group was submitted on behalf of a Minnesota 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 two tenant in common (TIC) investments.  The claim further alleges that Prospera Financial failed to perform the proper due diligence on the TIC investments prior to offering it for sale to its clients.

Broker-dealers have a fiduciary duty to research investments prior to recommending them for sale to its clients and to ensure that the investments in recommends are appropriate for the client in light of the clients age, investment experience, net worth, and investment objectives.

The claim alleges that the losses were incurred in the following TIC investments: NNN Church Street Office Center and NNN Northmark Business Center II.

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, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.