OKLAHOMA CITY--(BUSINESS WIRE)--Second paragraph of release dated June 27, 2022 should read: ''The fraud involved selling securities in the form of membership units in a real estate investment fund known as the NRIA Fund to at least 1,800 investors across the country, including 380 investors in New Jersey, according to the 63-page summary cease and desist order'' (instead of ''setting securities'').
The updated release reads:
FEDERMAN & SHERWOOD INVESTIGATES NATIONAL REALTY INVESTMENT ADVISORS (NRIA) AFTER $630M IN SECURITIES FRAUD
The law firm of Federman & Sherwood has initiated an investigation into NRIA after the New Jersey Bureau of Securities issued a cease and desist after they determined $630 million in securities fraud between 2018 and 2022.
The fraud involved selling securities in the form of membership units in a real estate investment fund known as the NRIA Fund to at least 1,800 investors across the country, including 380 investors in New Jersey, according to the 63-page summary cease and desist order.
If you wish to join this litigation as a potential lead plaintiff, please contact our firm. Federman & Sherwood has extensive nationwide experience representing affected individuals in class actions.