The Commonwealth of Massachusetts and the Sale of Illiquid Alternative Investments

The Commonwealth of Massachusetts recently entered into a Consent Order with LPL Financial concerning the sale of illiquid alternative investments that it failed to properly implement procedures designed to prevent its Financial Advisors/Brokers from sales of non-traded REIT’s including sales of Inland America, Cole Property Trust, Wells REIT II, WP Carey CPA 17, and Dividend Capital Realty beyond the guidelines in the State’s regulations and policies and procedures.

From its offices in Connecticut and Florida, the Law Offices of Howard M. Rosenfield has been representing investors nationwide in securities arbitrations and mediations for over 30 years. Please call now, toll free, for more information if you believe that you suffered an investment loss as a result of improper sales practices by your LPL Financial Advisor/Broker: 860-777-1237.