ALERT: Moodys National REIT secondary market transactions has hit a low of $7.75 per share.
This non-traded REIT, which is majority invested in hotels and other properties, has seen its value drop below $8 as of late on the secondary market. A number of FINRA-licensed brokerage firms and their financial advisors have made unsuitable or inappropriate recommendations to their clients to invest in Moodys National REIT. Some advisors have also improperly concentrated investor funds in these and other non-traded REITs.
Non-Traded REITs, as their name suggests, are not traded on a stock exchange, and there is not an easy way to determine the value of these products. This leads to extremely limited liquidity, and recently numerous Non-Traded REITs have suspended or cut their distribution rate, which has limited their effectiveness as a consistent and reliable source of income for investors. Coupled with large upfront fees and commissions, the illiquid and uncertain nature of the cash flows make these non-traded REITs unsuitable for many investors.
Oakes & Fosher has been investigating current complaints regarding the sales of this non-traded REIT, and our firm has brought FINRA actions regarding unsuitable recommendations of it and the subsequent losses for investors.
If you or someone you know has lost money investing in Moodys National REIT, please contact our attorneys at 1-314-428-7600 for a free consultation to explore available options to recover any potential losses. Oakes & Fosher represents investors nationwide in cases involving stockbroker negligence and fraud. Oakes & Fosher handles these cases on a contingency basis, meaning that if we do not collect for you, you will not pay any legal fees.
