Securities Lawyers Blog
Currently financial advisor Donald Grant (Grant), currently employed by brokerage firm Kestra Investment Services, LLC has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $93,000.00 on April 01, 2020.
Claimant alleges that, during the time frame 2013 – 2015 Mr. Grant misrepresented the risks associated with Non-Traded REITs.