If you are worried about your investment in CBL & Associates Properties, Inc. (NASDAQ: CBL), our investment fraud attorneys at Haselkorn & Thibaut P.A. can be of help. In 2019, there has been a significant decline in Mall REIT (Real Estate Investment Trusts) from reports emanating from different quarters in the industry. Due to the record increase in the number of stores that have closed this year, investors are having second thoughts about the retail real estate industry.
CBL Properties is a Mall and Shopping center REIT with its operations covering the Midwest and the Southeast United States. Over the past 12 months, (NASDAQ: CBL) has experienced a 79% drop, and on Monday, it closed at $0.93 per share.
CBL Investment Mall REIT Investigation
Haselkorn & Thibaut P.A. has launched an investigation into potential claims against broker-dealers who recommended CBL Properties to investors despite its unsuitability.
REITs are usually highly yielding, but some investors may have recommended CBL unsuitably in a bid to “chase yield.” Legally, broker-dealers must make sure they are acting in the best interests of their client, which means they must have done their due diligence on an investment before recommending it to their client.
Also, before a broker-dealer recommends an investment, they should consider some crucial factors on behalf of the client, such as the age of the client, financial objective, knowledge about investment and tolerance for risk. If a broker-dealer fails to keep their client apprised of the risks attached to an investment, such broker-dealer may be held liable for damages through FINRA arbitration claims.
If you invested in CBL or another mall REIT and you are worried about your investment, you can seek help from Haselkorn & Thibaut. Put a call through to 1 800-856-3352. Haselkorn & Thibaut P.A., is a national law firm that specializes in FINRA arbitration, national securities fraud, security compliance/regulation, and protection of investors.