Scott Mass of David Lerner Associates has been subject to five customer complaints

According to BrokerCheck records financial advisor Scott Mass (Mass), currently employed by David Lerner Associates, Inc. (David Lerner) has been subject to five customer complaints.  According to records kept by The Financial Industry Regulatory Authority (FINRA), most of Mass’ customer complaints allege that Mass made unsuitable recommendations in a variety of investments including REITs, Puerto Rico bonds, […]

Advisor Wenjinn Chang subject to complaints over alternative investments and REITs

Advisor Wenjinn Chang (Chang), currently employed by Independent Financial Group, LLC (Independent Financial) has been subject to at least two customer complaints.  According to a BrokerCheck report the customer complaints concern alternative investments and direct participation products (DPPs) such as non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and equipment leasing programs. In October 2018 a […]

CMD Investigating Claims Against VFG Securities and Jason Bryce Vanclef for Over-Concentration in Illiquid Alternative Investments

Securities law firm Carmel, Milazzo & DiChiara LLP (CMD) is investigating claims against VFG Securities and securities broker Jason Bryce Vanclef for over-concentration and failure to supervise in in connection with the recommendation and sale of illiquid alternative investments, such as non-traded direct participation programs (DPPs) and non-traded real estate investment trusts (REITs).  According to […]

CMD Investigating Claims On Behalf of Investors Who Purchased Shares of United Development Funding IV (Symbol: UDF)

Securities law firm Carmel, Milazzo & DiChiara LLP (CMD) is investigating claims on behalf of investors who own or purchased shares of United Development Funding IV (Nasdaq: UDF). The Securities and Exchange Commission (SEC) has issued a Wells notice against UDF, an indication that SEC staff has made a preliminary determination to possibly recommend an […]

CMD Investigating Clams Arising from Investments in REITs of Inland American Real Estate Trust, Inc., now known as InvenTrust Properties Corp.

Carmel, Milazzo & DiChiara LLP (CMD) is investigating potential claims arising from investments in REITs of Inland American Real Estate Trust, Inc. (Inland American), now known as InvenTrust Properties Corp.  Inland American has been the largest issuer of non-traded REITs in the United States. Generally, a non-traded Real Estate Investment Trust, or “REIT”, is a […]