BOCA RATON, Fla., July 31, 2018 (GLOBE NEWSWIRE) -- The Securities Law Firm of Menzer & Hill, P.A. www.menzerhill.com, announced today that it is filing a FINRA arbitration claim against a brokerage firm related to the losses sustained by one of its customers in American Finance Trust, Inc. (Nasdaq symbol: AFIN). Approximately five years ago, American Finance Trust was sold by broker-dealers as a non-traded REIT at $25.00 a share. Nonetheless, the shares are currently trading at $14.93 a share.
Gary Menzer, Managing Partner with the Securities Law Firm of Menzer & Hill, P.A., says, “This is just another example of a non-traded REIT that turned into a financial disaster.” Menzer further stated, “These non-traded REITs are speculative investments that are being completely misrepresented to investors by broker-dealers. Broker-dealers are well aware of how risky these investments truly are and fail to inform their customers of these risks.” Non-traded REITs are predominately sold by independent broker-dealers and are some of the highest commissioned-paid products that are sold to investors.
Menzer & Hill recently represented multiple claimants involving other non-traded REITS in a FINRA arbitration in which its clients were awarded approximately $2.3 Million.
If you have sustained REIT losses, private placement losses or any other investment losses, please contact the Securities Law Firm of Menzer & Hill, P.A. at 888-923-9223, or visit us on the web at www.suemyadvisor.com for a free case evaluation.