The White Law Group continues to investigate potential FINRA arbitration claims involving Wells Timberland REIT.
Wells Timberland REIT recently announced that shares, once valued at $10 per share, have dropped approximately 35% to an estimated $6.56 per share. This share price represents the REITs book value. The secondary market (market value) for the shares may be considerably lower.
For investors that are upset by a 35% loss in value, there is potentially good news. Investors may be able to recover their losses through FINRA arbitration.
Financial advisors and broker-dealers have a duty to their clients to perform the necessary due diligence on an investment before offering it for sale to their clients and to ensure that any investment recommendation that is made is suitable in light of the client's age, investment experience, net worth, and investment objectives.
Brokerage firms that fail to perform adequate due diligence on an investment or recommend an investment that is unsuitable may be liable for any resulting losses.
For more information on The White Law Group's Wells Timberland REIT investigation, visit http://www.whitesecuritieslaw.com/2013/02/04/update-on-securities-fraud-investigation-involving-wells-timberland-reit/.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida. For a free consultation with a REIT fraud attorney, please call the firm at 312/238-9650.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.