Meyer Wilson is investigating claims that W.A. Smith Financial Group, an investment advisory firm located in Cleveland, recommended that their clients invest in speculative, non-traded real estate investment trusts (REITs).
Because REITs do not trade on a public exchange, investors can’t get their money back until the underlying real estate is sold. That makes them highly risky for investors. As a result, regulators have warned that REITs are unsuitable for the average retail investor, especially seniors.
Investment advisers like W.A. Smith are fiduciaries to their clients and must act only in their clients’ best interests. If you suffered losses as a result of W.A. Smith’s account management, including any non-traded REITs, we are interested in hearing from you.
All our cases are handled on a contingency fee basis, so we don’t get paid for our work unless we’re successful in recovering lost funds. Contact us today for a free consultation to discuss your legal options.