Recovering for a lost investment based on bad advice from broker or financial advisor

A focus of my practice is recovering for lost, poor, or underperforming investments.  These may include stock purchases, mutual funds, annuities, REITs, unconventional investments such as real estate, or any other type of security.

Brokers and financial advisors can be very adept at making you believe your investment is not performing due to market forces.  They may also be very kind and helpful, but for their bad advice.

Potential clients who come to me are often surprised by undisclosed commissions their advisors received, or that they received much higher commissions for a poorly performing investment than much safer ones they could have recommended.

Brokers have complex rules they must abide by in how they advise investors, none of which will they inform you that they violated.  Often, brokers and financial advisors will keep you hoping for years – long enough for the time to seek a recovery his or her potential malpractice to expire.

Investors are often surprised by the number and gravity of rules governing broker’s conduct in selling investments have been violated in some problematic investments.  Your broker need not have committed fraud in order for you to obtain a recovery from the supervising firm, that may have improperly approved a transaction in violation of FINRA rules.

If you have made an investment on the advice of a broker, and if you have lost significant moneys, or the investment is nor performing as promised, please contact my office by email for a free consultation.

If you have made a bad investment upon the advice of a broker or financial advisor, it may not be your fault.  Many investments have poor financials that reveal themselves years later.

If you have had a large percentage of your net worth in any investment, or have been advised to invest in investments late in life that turn out to be risky late, please contact my office.

Best,

Daniel Bakondi, Esq. 

415-450-0424

The Law Office of Daniel Bakondi

870 Market Street, Suite 1157

San Francisco CA 94102

IMPORTANT NOTICE: No attorney-client nor confidential relationship is created through this communication. Nothing communicated or provided constitutes legal advice nor a legal opinion unless it so specifies and written agreement for attorney services has been entered into.  Attorney licensed in California only.  Your issue may be time sensitive and may result in loss of rights if you do not act in time.  Thank you.

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Tenant in Common TIC Investment Property Attorney, 1031 TIC Fraud Problem Lawyer

As a securities and investment loss recovery attorney, I obtain monetary compensation for clients who were sold bad Tenant in Common TIC 1031 real estate investments. My firm has obtained millions of dollars in settlements and judgments for people who were sold bad investments.

Commercial 1031 exchange Tenant in Common TIC investments are generally bad investments. They often fail to perform not because of the market, but because they were overpriced and sold with unsound financial structures.

Such Tenant in Common TIC investments are not suitable for most investors, and should only be sold to wealthy speculators who are willing and able to accept risk of losing their entire principal.

If you have invested in a TIC, the law limits how much time you have to seek a recovery – Contact my law office today via the contact information below for a free consultation. In many cases, we work on contingency and do not get compensation unless you receive a cash settlement.

Most investors end up in tenant in common TIC investments by looking to do a 1031 tax exchange. A broker or investment advisor may suggest a TIC as a “like-kind” exchange property. These tenant in common interests usually involve a commercial building, along with a building management contract or a master lease, tenants, and promised income projections. This means that such investments are often sold with the promise that the TIC investor will put in little time and effort because such commercial buildings are professionally managed. Thus, such TICs falsely appear to be perfect for retired people looking for safe, steady income. Such investments are also often sold with the promise of secure returns because they purport to have done all the research in this investment to ensure its stability.

One of the problems is that the due diligence into such investments is often not done properly. Brokers and investment advisors often don’t do research when they should, and often do not even review the private placement memorandum. Private placement memorandums are prepared by people who have a strong interest in selling the investment, and may not be relied on by brokers. Also, just because the law requires complete disclosure of all material facts doesn’t mean it always happens.

The next problem is that the investment advisor or broker who sells a tenant in common interest also has a strong financial interest in the initial sale, regardless what happens to the investor later. While brokers may get 1.5% commission on a sale of a most investments, the same broker may receive 7% for recommending the tenant in common investment. That, on a risky million dollar tenancy in common investment, may mean a $70,000 commission for a single sale. For some stock brokers, securities dealers, or investment advisors, this causes them to overlook problems with the tenant in common investment due to a conflict of interest.

Illiquid investments such as TICs are not appropriate for most people, especially when the investor is near retired, or when the investment constitutes a significant percentage of the investor’s net worth. Because such TIC investment are illiquid, the investor cannot take their money out for years, usually until sale of the property. If there is no income, and the investor cannot sell the investment, they may be stuck watching the investment principal lose value or heads toward foreclosure, without receiving distributions or having any way out of the investment.

Often it is not until an investor contacts a securities fraud attorney such as myself, that they discover the many problems with the TIC investment they were advised to purchase. Often, such TIC investments are sold for millions of dollars above appraisal price, with bad loan terms the property couldn’t sustain, and a financial structure that cannot produce income for the owner even with 80% – 90% building occupancy.

Stock brokers and investment advisors have a fiduciary duty to their clients that is often violated with the sale of such TIC investments.

If you have investment money in a tenant in common and you are not receiving distributions, or cannot get out of an investment you believe is problematic, or if you are being asked to contribute more money for an investment cash call that just might be troubled, please contact my law firm for a free consultation to discuss your options.

As a Tenant in Common TIC investment property attorney, I may take matters on a contingency fee basis, meaning, I only get a fee if I recover money for your lost investment.

Best,

Attorney Daniel A. Bakondi, Esq.

PLEASE SEND EMAIL TO: danielbakondi@yahoo.com

PHONE: (415) 450 – 0424

The Law Office of Daniel Bakondi
870 Market Street, Suite 1157
San Francisco CA 94102

This post does not constitute legal advice.

http://www.danielbakondi.com

Find more information available about Tenant in Common TIC investment real estate property 1031 broker fraud and negligence, and investment problem and loss recovery attorney services by clicking here.

Finra Arbitration Attorney

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Securities fraud Attorney, investment fraud lawyer, broker problems, recover lost investment

If your investment significantly decreased in value, stopped paying as expected, or has signaled bankruptcy or foreclosure, please contact our office for an analysis of your case.

Many investments are sold with material non-disclosures you may be unaware of.

As a San Francisco securities fraud attorney, I handle various securities cases including stock fraud lawsuits, investment loss recovery, and FINRA Arbitrations against SEC/NASD/FINRA broker-dealers..

Email me or visit my website for more information at http://www.danielbakondi.com.

Best,

Attorney Daniel Bakondi

The Law Office of Daniel Bakondi
870 Market Street, Suite 1157
San Francisco CA 94102

PLEASE SEND EMAIL TO: danielbakondi@yahoo.com

PHONE: (415) 450 – 0424

This communication does not constitute legal advice. Your time to act may be limited by law, requiring you to act immediately.

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