Press Releases from The White Law Group, LLC (3 total)
FINRA Arbitration Claim Filed against VSR Financial
The White Law Group has filed a Claim Alleging Over-concentration in High-risk Private Placement Investments.
The White Law Group has filed and submitted a FINRA claim on behalf of a Kingston, Washington resident alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.
The claim further alleges that VSR Financial unsuitably invested the client in the following high risk private placement investments:
Arciterra National REIT
Behringer…
KBS REIT Securities Investigation
The White Law Group announces a securities investigation involving KBS REIT
The White Law Group, LLC is investigating the liability brokerage firms may have for recommending KBS REIT to investors.
KBS Real Estate Investment Trust, Inc. is a publically non-traded REIT. The REIT went effective in January 2006 and closed its offering in May 2008 after raising $1.7 billion in investor equity.
Shareholders of KBS REIT approved a plan of complete liquidation…
FINRA Award Involving Christopher Tolmacs and Triad Advisors
The White Law Group continues to investigate the liability that Tolmacs' FINRA registered employer may have for failure to properly supervise him.
According to reports, FINRA arbitrators have awarded two clients of former broker Christopher Tolmacs $1.2 million in compensatory damages and $300,000 in punitive damages based on "willful wanton misconduct, conversion of funds and securities fraud."
The Financial Industry Regulatory Authority said in the award that Tolmacs denied the…
