Over the last 12 years, Oakes & Fosher has tried and won more FINRA arbitration cases on behalf of individual investors than any other law firm in the country.

*Past results do not guarantee a similar outcome. The choice of a lawyer is an important decision and should not be based alone on prior results.

FINRA arbitration law firm Oakes & Fosher brings a claim against Northland Securities broker Robert Herje. Photo of a computer screen displaying stock market analyses

FINRA Arbitration Law Firm Oakes & Fosher brings an arbitration against Northland Securities for the actions of broker Robert Herje

Robert Herje has been a licensed broker with Northland Securities since September 2002.  During this period, he has been the subject of two FINRA arbitrations involving alternative investments. The current claim brought by clients of Oakes & Fosher alleges that Mr. Herje overconcentrated their account in non-traded real estate investment trusts (REITs).

Our FINRA arbitration law firm is actively engaged in client claims, ensuring that every investor receives the compensation they’re entitled to from their losses. If you believe Mr. Herje overconcentrated your accounts, contact the FINRA arbitration lawyers of Oakes & Fosher today.

What Are Non-Traded REITs?

Non-traded REITs are typically highcost, illiquid investments that involve a high degree of risk. Since non-traded REITs do not trade on any exchange, it is very difficult to ascertain the value of the products.

This pricing issue also leads many clients to believe that the investment has not lost value and has consistently paid dividends. In reality, many of these products pay investors back their own capital that they have invested in the product, and these amounts work to decrease the value of the investment when it may eventually have a liquidity event.

The Issue with Non-Traded REITs & Brokers

Many brokers fail to disclose the upfront costs and commissions of non-traded REITs.  Brokers are required to disclose this information as well as disclose that these products are illiquid and may involve a high degree of risk. If you or someone you know has suffered losses due to an illiquid non-traded REIT or alternative investment, please contact Oakes & Fosher, LLC, a leading FINRA arbitration law firm.

The FINRA Arbitration Process

Oakes & Fosher, LLC’s attorneys are dedicated to advocating for investors who have been defrauded in arbitration proceedings before the Financial Industry Regulatory Authority (FINRA). Our team of experienced lawyers assists investors in recovering lost funds, securities, and other damages resulting from broker misconduct. With our firm’s extensive resources and years of successful experience, we have effectively challenged major financial institutions.

FINRA, a non-governmental organization authorized by Congress, regulates brokerage firms and the securities industry. It is common practice for brokerage firms to include a clause in their opening agreements stipulating that investors are generally barred from taking legal action against their financial advisors. Instead, any disputes should be resolved through arbitration claims with FINRA.

The process occurs as follows:

  1. Statement of Claim
  2. Arbitrator Selection
  3. Conduct Discovery
  4. The Hearing
  5. The Decision

Typically, the resolution of FINRA arbitration takes approximately 12 to 18 months from when the Statement of Claim is filed. Our FINRA arbitration law firm possesses extensive expertise in securities arbitration laws and the arbitration process. We are committed to assisting you in formulating a robust strategy to recover your investment with the utmost professionalism and confidentiality.

FINRA Arbitration Law Firm Working for You

Oakes & Fosher handles these disputes nationwide and offers a no-cost consultation. All cases are handled on a contingency fee basis, meaning there are no attorneys fees if you do not recover on your case. Contact us today to start the process of recovering your losses.