Concorde Investment Services Fined over Non-Traded REITs
by Admin Istrator | December 15, 2021 4:24 pm
The New Hampshire Bureau of Securities Regulation recently fined Concorde Investment Services, LLC. Here are the details:
- Investors were unlawfully charged advisory fees so the agent could “manage” non-traded REITs. This fee should not have been charged because non-traded REITs[1] do not need to be managed.
- Concorde Investment Services employed an agent that defrauded clients by over-charging them and lying about their registration status.
- The agent also made changes to client account forms without client’s permission of knowledge.
New Hampshire Consent Order with Concorde Investment Services
Concorde[2]Download[3]
Can You Sue to Recover REIT Losses from Concorde?
Did You Lose Money Investing in REITs with Concorde?
Endnotes:
- non-traded REITs: https://mdf-law.com/practice-groups/financial-advisor-negligence/non-traded-reit-disputes/
- Concorde: https://mdf-law.com/wp-content/uploads/2021/12/Concorde.pdf
- Download: https://mdf-law.com/wp-content/uploads/2021/12/Concorde.pdf
Source URL: https://mdf-law.com/concorde-reits/