American Investment Trust Services: FINRA Claim

The White Law Group Files a Claim against American Trust Investment Services

The White Law Group announces the filing of a FINRA arbitration claim against American Trust Investment Services for investment losses involving high risk TIC/DST investments.

The firm submitted a claim to FINRA Dispute Resolution on behalf of a group of investors alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.

The claim further alleges that American Trust Investment Services failed to supervise agents that unsuitably invested its clients in high-risk Tenants-in common (TIC) and DST investments including the following, among others:

3132 Altamesa, Fort Worth, Texas 76133
1614 Galena Ave., Dixon, IL 61021
6800 Ashland Ave., Chicago, IL 60636
507 North Main Street, Orfordville, WI 53576

The claim seeks damages of $1,000,000 and $5,000,000.

Brokerage firms have a fiduciary duty to adequately disclose the risks involved in an investment before recommending it to its clients. It must perform the necessary due diligence to determine whether the investment is suitable for the investor. It is alleged that American Trust Investment Services failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors.

FINRA, the regulator who oversees brokers and brokerage firms, provides FINRA Dispute Resolution as an arbitration venue for investors with claims against their brokerage firm or financial advisor. It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing a claim in court.

"Investors often suffer losses due to unsuitable investment recommendations by their brokers and don't realize they have recovery options," said D. Daxton White, managing partner of The White Law Group, a national securities fraud and FINRA arbitration firm.

Brokerage firms are required to supervise their representatives to make sure that they are following FINRA rules. If it can be determined that the financial advisor's employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. https://whitsesecuritieslaw.com

For more information on The White Law Group and its representation of investors in FINRA arbitration claims please call (888) 637-5510.

The White Law Group
125 S. Wacker Drive, Suite 300, Chicago, Illinois 60606
Renae Carter, Marketing Director
888-637-5510
info@whitesecuritieslaw.com

With offices in Chicago and Seattle, The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to helping investors in claims in all 50 states against their financial professional or brokerage firm. Since the firm launched in 2010, it has handled over 700 FINRA arbitration cases across the country.

This release was published on openPR.