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D. Daxton White's  Instablog

D. Daxton White
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The White Law Group is a national securities fraud, securities arbitration, investor protection and securities regulatory/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida. We pride ourselves on providing quality legal services to our clients and handle securities... More
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The White Law Group
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The White Law Group's Securities Fraud Blog
  • Continuing Investigation Of Potential Wells REIT II Fraud Claims. 0 comments
    Nov 14, 2012 10:24 AM

    The White Law Group continues to investigate claims on behalf of Wells REIT II investors. Wells REIT's own prospectus highlights many of the risks of the investment (risks that were often not disclosed by the selling agents). For example, the prospectus makes the following disclosures:

    - No public market currently exists for [Wells REIT II] shares of common stock and [Wells REIT II has] no current plans to list our shares on an exchange.

    - The offering price [of Wells REIT II] was not established on an independent basis and bears no relationship to the net value of [Wells REIT II's] assets. The offering price is likely to be higher than the amount you would receive per share if we were to liquidate at this time because of the up-front fees that [Wells REIT II pays] in connection with the issuance of our shares.

    - [Wells REIT II] will pay substantial fees and expenses to [its] advisor, its affiliates and participating broker-dealers, which payments increase the risk that you will not earn a profit on your investment.

    Unfortunately for investors, these red-flags are often glossed over by the financial advisors that sell this product and, as such, investors may have claims to recover their losses against the brokerage firms or financial advisors that sold them Wells REIT II.

    For more information on The White Law Group's Wells REIT II investigation visit www.whitesecuritieslaw.com/2012/11/14/recovery-of-wells-reit-ii-investment-losses/

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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