Investor Alert: Cabot Lodge Securities LLC was named in FINRA Complaint for participating in an IPO of a non-traded REIT

FINRA Sanctions & Allegations of Misconduct

FINRA received a filed complaint alleges Cabot Lodge Securities LLC (CRD #159712) from New York, New York for participating in an IPO of a non-traded REIT in which the amount of organization and offering expenses exceeded fair and reasonable limits, its gross proceeds for the IPO were $49,728,392, composed of the amount raised through the primary offering to the public and the distribution reinvestment program. In addition, the firm failed to disclose underwriting compensation to its representatives and participated in the distribution of the IPO even though none of the retention shares or incentive shares awarded to persons associated with the firm were in the prospectuses and the supplements thereto, that were filed in connection with the IPO, and pre-IPO awards to its representatives were never adequately disclosed.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through Cabot Lodge Securities LLC, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies, and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.