Soreide Law Group, PLLC, is currently investigating claims against brokerages who sold their clients CIP Leveraged Fund Advisors, LLC. These investments may have been misrepresented to a more conservative client, as safe or low risk. Also, it is alleged that some brokers may have over-concentrated CIP in their clients' portfolios.
CIP Leveraged Fund Advisors, LLC, also known as CIP, which stands for Cornerstone Industrial Properties, (managing partner Cornerstone Ventures) is a real estate investment fund manager for leveraged real estate investment funds. CIP also created and sold three non-traded, illiquid REITs, which may have tied their value into the performance of these funds-Cornerstone Healthcare Plus REIT (CHP), Cornerstone Healthcare Real Estate Funds (CHREF), and Meadowbrook Healthcare Properties (MHP).
Unfortunately for investors, CIP interests are now worthless. In February, 2010, Pacific Cornerstone Capital, Inc., of which CIP is an affiliated business, and it's former CEO, Terry Roussel, were fined $750,000 for failing to provide investors with complete information on CIP Leveraged Fund Advisors, LLC.
The following firms have sold CIP Leveraged Fund according to the SEC's Form D:
Advisory Group Equity Services, Ltd.
American Investors Company
Capital Financial Services, Inc.
Cullum & Burks Securities, Inc.
Cascade Financial Management Inc.
Pacific Cornerstone Capital, Inc.
Sammons Securities Company, LLC
Investors Capital Corp.
Equity Services, Inc.
Intervest International Equities Corporation
Private Consulting Group, Inc.
Investment Management Corporation
Royal Securities Company
Sigma Financial Corporation
USAllianz Securities, Inc.
Financial West Group
Harvest Capital LLC
Northland Securities, Inc.
Ameritas Investment Corp.
RBC Dain Rauscher Inc.
If you have invested in CIP Leveraged Fund Advisors, LLC, with any of the above listed brokerages or any other brokerage, you may be able to potentially recover your losses through arbitration. For more information call Soreide Law Group at (888) 760-6552 or visit http://www.securitieslawyer.com.
Free consultation, representing investors nationwide. No fee if no recovery.