Investors who purchased a non-traded real estate investment trusts (Non-traded REITs) from LPL Financial at anytime since January 1, 2006 may have claims against LPL for recovery of all losses suffered in that investment product.

Fortunately, the enforcement section of the Massachusetts Securities Division filed a complaint against LPL Financial alleging that LPL violated various securities laws including failure to supervise its brokers in the sale of non-traded REITs. In short, LPL allowed its registered representatives to sell these high-commission products in violation of state prospectus requirements, LPL’s own supervisory manuals, and specific concentration limits.

Wittenberg Law has a successful track record obtaining recovery on behalf of investors from LPL Financial. If you have lost your savings in any investment made with LPL Financial, call Wittenberg Law today at (310) 295-2010 to determine whether you have a legal right to recover your funds.