NOTICE TO LPL FINANCIAL CUSTOMERS WITH REIT INVESTMENTS – KlaymanToskes Commences Investigation on Behalf of Investors Who Sustained REIT Losses in Excess Of $100,000

NEW YORK--(BUSINESS WIRE)--KlaymanToskes ("KT"), http://www.klaymantoskes.com, announces an investigation on behalf of LPL Financial (NASDAQ:LPLA) customers who sustained losses from the purchase of Real Estate Investment Trusts (“REITs”). According to FTSE Russell, the FTSE Nareit US Real Estate Indexes are down between 10.70% and 47.75%, year-to-date, with the Mortgage REITs Index suffering the largest losses. These losses were precipitated by COVID-19 and uncertainty in the real estate markets. LPL recently restricted purchases of eleven REITs, both non-traded and publicly traded REITs, due to market instability.

Non-Traded REITs

• Black Creek Industrial REIT
• Blackstone REIT
• CIM Income NAV REIT
• DWS RREEF Property Trust
• Hines Global Income Trust
• Jones Lang Lasalle Income Property Trust
• Nuveen Global Cities REIT
• Starwood REIT

Publicly Traded REITs

• Bluerock Total Income + Real Estate Fund
• Griffin Institutional Access Real Estate Fund
• Resource Real Estate Diversified Income Fund

Under Rules established by the Financial Industry Regulatory Authority (“FINRA”), brokerage firms have an obligation to make only suitable recommendations and to fully disclose all risks associated with a recommended product. Moreover, brokerage firms have a duty to conduct a reasonable investigation of the issuer and the securities they recommend before approving them for sale to their customers. Investors may seek damages in FINRA arbitration if a financial advisor made a recommendation to purchase a security without fully explaining the risks or that was unsuitable for the investor’s risk profile.

The sole purpose of this release is to investigate the sales practices of LPL and its financial advisors in connection with the purchase of REITs and the asset allocation recommended to investors. Customers of LPL who have information relating to the manner in which the firm handled their portfolios are encouraged to contact Lawrence L. Klayman, Esq. of KlaymanToskes at [phone], or visit our website at www.klaymantoskes.com.

About KlaymanToskes

KT is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation, on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm represents high net-worth, ultra-high-net-worth, and institutional investors, such as non-profit organizations, unions, public and multi-employer pension funds. KT has office locations in California, Florida, New York, and Puerto Rico.

Destination: https://klaymantoskes.com/notice-to-lpl-financial-customers-with-reit-investments-klaymantoskes-commences-investigation-on-behalf-of-investors-who-sustained-reit-losses-in-excess-of-100000/