GREELEY FLATS, DST Investigation | Goodman & Nekvasil P.A., May Recover Losses
GREELEY FLATS, DST Investigation
Goodman & Nekvasil, P.A. WINS $479,698.55 for Harmed Investors who Purchased NP Sklyloft DST
Goodman & Nekvasil, P.A has successfully represented clients who invested in NP Skyloft DST. The Panel decided in full and final resolution of the issues submitted for determination that respondent is liable for and shall pay to claimants the sum of $327,902.73 in rescissory damages. Respondent is liable for and shall pay to Claimants the sum of $37,029.87 in costs. Respondent is liable for and shall pay to claimants the sum of $114,765.95 in attorneys’ fees pursuant to the Federal Arbitration Act. See also Cal. Corp. Code Section 25501. Click here for the full FINRA Arbitration Award.
GREELEY FLATS, DST and the Risks of Delaware Statutory Trusts
Many investors are not fully aware of the problems and risks associated with illiquid, high risk, DSTs when they purchase them.
Investments are often riskier and more complicated than traditional investments. These funds are only suitable for high net worth, sophisticated investors.
Liquidity Issues and High Sales Commissions
DSTs can face several liquidity issues due to their unique characteristics and structure.
Another problem often associated with DSTs is the high sales commissions brokers typically earn for selling them. Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market.
Unfortunately, in many cases, the high sales commission may influence unsuitable investment recommendations.
Broker Due Diligence
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Firms that fail to do so may be held responsible for any losses in a FINRA arbitration claim.
If you believe that your investments in GREELEY FLATS, DST may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. If we don’t recover money for you, we charge no attorney’s fee.
Goodman & Nekvasil, P.A. has recovered more than $400 million on behalf of victimized investors. If you lost money on investments in unsuitable investments and would like your case evaluated by a securities attorney, please contact us.