Investor Alert: Hospitality Investors Trust REIT
Hospitality Investors Trust REIT and its operating partnership have filed for bankruptcy and investors are suing to recover their losses.
NEW YORK CITY, NY, USA, June 23, 2021 /EINPresswire.com/ – Last week, Hospitality Investors Trust and its operating partnership filed for redress under Chapter 11 of the US Bankruptcy Code- United. Unfortunately, many investors now expect large losses on their investments.
This has come as no surprise to lawyers at the national investor law firm, Haselkorn & Thibaut, PA, as they have actively investigated and pursued FINRA arbitration claims against brokers and financial advisers who have sold Hospitality Investors Trust (HIT), formerly known as American Realty Capital Hospitality Trust (ARC) for their clients for almost a year now.
Haselkorn & Thibaut has over 50 years of experience and a 95% success rate. For a free consultation and case assessment or to discuss any other investment loss, please contact Haselkorn & Thibaut, PA, at 1-800-856-3352, or visit us on the web at InvestmentFraudLawyers.com.
Fortunately, some of the HIT investors may be able to recoup their investment losses through the FINRA arbitrage process. According to attorney Matthew Thibaut, “… the FINRA arbitration process is generally faster and more efficient than traditional lawsuits in state or federal courts, or even class actions.” no testimony of deposition.
In accordance with applicable laws, rules and regulations, brokerage firms are responsible for exercising due diligence on investments recommended to clients, and financial advisers are required to make appropriate recommendations. Often these types of claims involve issues related to the level of due diligence that has been conducted by the company and the financial advisor, whether material risks have been properly disclosed to the investor, and whether the financial advisor, the account, the account, and the transaction have all been properly supervised. Where negligence or irregularity can be established, investors may have a potential claim to recoup their investment losses.
The sole purpose of this release is to investigate how brokerage firms and financial advisers registered with FINRA HIT and non-traded investment products and similar investment strategies involving such products and products of Similar alternative investments have been approved for sale by Brokers to Investor Clients, represented to retail investors, as well as the business practices and supervision associated with such investment transactions or strategies. If you have knowledge or experience in these areas, please contact Haselkorn & Thibaut at 1-800-856-3352, or visit the law firm’s website.