Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has officially opened an investigation into Corey R. Maple and his involvement with Lodging Fund REIT III and affiliated entities. If you invested in Lodging Fund REIT III, or relied on recommendations by Corey R. Maple or related parties, it is important to review your situation and determine whether you may be entitled to recover investment losses. Our attorneys are former Wall Street defense lawyers with 95+ years of combined securities law experience, a 98% success rate across hundreds of investor claims, and involvement in securities matters exceeding $520 million. We use our insider knowledge to advocate for individual investors like you on a no recovery, no fee basis.
Why Lodging Fund REIT III and Corey R. Maple Are Under Scrutiny
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Lodging Fund REIT III is a non-traded real estate investment trust focused on hospitality real estate. Unlike publicly traded REITs, these private placements can involve significant liquidity constraints and risk of loss. The shares are not traded on a public exchange, and investors generally must rely on limited and discretionary redemption programs, which may restrict or delay access to invested funds.
Transparency concerns stemming from delayed financial filings, including a significantly late annual report and repeated missed regulatory deadlines, have raised questions about internal controls and possible mismanagement. In September 2025, the SEC announced enforcement actions involving Corey R. Maple and affiliated entities, including Legacy Hospitality II, LLC and Legendary Capital REIT III, LLC, related to the improper reimbursement of overhead expenses. According to the SEC, nearly $5 million was misapplied in a manner inconsistent with disclosures made to investors. The SEC imposed penalties totaling $4.77 million and created an SEC Fair Fund for harmed investors.
Red Flags and Complaints Involving Corey R. Maple
| Category | Details |
|---|---|
| Advisor Name | Corey R. Maple |
| SEC Orders / Litigation | September 2025: SEC proposed plan of distribution following enforcement orders; approximately $5 million in expenses allegedly misapplied; $4.77 million in penalties imposed. |
| Affiliated Entities | Lodging Fund REIT III, Legacy Hospitality II, LLC, Legendary Capital REIT III, LLC |
| Regulatory Filing Issues | Delayed annual and quarterly filings, including late reports for 2022 and 2023, raising concerns about transparency and compliance. |
| Potential Conflicts of Interest | High sales commissions for brokers, reportedly up to 15%, which may create incentive misalignment and potentially unsuitable recommendations. |
| Fair Fund for Investors | SEC-administered Fair Fund established to distribute collected penalties to investors allegedly harmed by the improper conduct of Maple and affiliated entities. |
| Customer Complaints | Specific customer complaint numbers and awards are not publicly identified here; however, the SEC enforcement action and Fair Fund indicate alleged investor harm. |
Red Flags to Watch for as an Investor
- Substantial losses in investments, including Lodging Fund REIT III or other private placements.
- Financial professionals who misrepresent risks or fail to provide complete disclosures.
- Delayed or missing financial statements and a lack of transparent communication from advisors or affiliated firms.
- Communications from supervisors or managers regarding your portfolio, especially after complaints or inquiries.
- Unauthorized or unexplained transactions in your account.
- A broker or advisor who becomes nonresponsive or refuses to answer questions about your investments.
- Errors or suspicious activity appearing on account statements.
Even if you trusted your financial advisor or had a longstanding relationship, it is important to make decisions based on objective analysis and experienced legal guidance.
What Recovery Options Are Available for Investors?
Investors harmed by Corey R. Maple, Lodging Fund REIT III, or other potentially unsuitable alternative investment recommendations may have recovery options through FINRA arbitration. This process is commonly used to resolve investment-related disputes without proceeding through traditional court litigation.
- FINRA (Financial Industry Regulatory Authority) is the primary forum for many claims seeking recovery from brokers and brokerage firms for misconduct, including unsuitable investment recommendations, material omissions, and conflicts of interest.
- Arbitration claims are reviewed by a panel of arbitrators who assess liability and may award compensation where appropriate.
- This process is often more efficient and focused than court litigation for investment disputes.
Our attorneys, who are Top 2% peer-rated by Martindale-Hubbell (AV Preeminent) and recognized as Super Lawyers, have recovered millions for clients through this process. We represent clients on a no recovery, no fee basis.
How to Investigate Corey R. Maple’s Disciplinary Record
We encourage every investor to research their financial advisors and firms. You can use tools such as FINRA BrokerCheck to review disciplinary history, regulatory actions, and customer complaints. Search for “Corey R. Maple” to review any reported disclosures, sanctions, or other relevant background information. Regulatory and enforcement records may help you evaluate potential recovery options and determine appropriate next steps.
Why Trust Our Firm with Your Case?
Our firm has a 98% success rate in investor claims, involvement in over $520 million in securities matters, and 5.0-star client reviews. Every matter is handled with confidentiality, persistence, and care. We understand the stress associated with financial losses and work to help clients pursue recovery arising from alleged wrongdoing by Corey R. Maple or related parties.
Contact Us for a Free Consultation
If you experienced losses linked to Corey R. Maple, Lodging Fund REIT III, or affiliated entities, or if you suspect misconduct in your investment accounts, take action today. Request a free, confidential consultation with our experienced team by calling 1-888-885-7162. Our attorneys will evaluate your circumstances and explain potential recovery options at no cost, with no attorney’s fee unless we recover funds for you.
Your recovery matters. Let our firm’s insider knowledge and investor advocacy work for you. Contact us today to begin the process of protecting and pursuing recovery of your assets.
