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Broker Jeffrey Sanders Has REIT Complaints

Jeffrey SandersAccording to records provided by the Financial Industry Regulatory Authority (FINRA) on February 16, 2016, Florida-based Cabot Lodge Securities broker Jeffrey Sanders  is the subject of one pending customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Sanders (CRD# 2200497).

Jeffrey Sanders has spent 22 years in the securities industry and has been registered with Cabot Lodge Securities in Boca Raton, Florida since 2014. Previous registrations include Fintegra in Boca Raton, Florida (2009-2014); Jesup & Lamont Securities in Boca Raton, Florida; Empire Financial Group in Boca Raton, Florida; Jesup & Lamont Securities in New York, New York; Rushmore Securities in Dallas, Texas; Northstar Securities in Dallas, Texas; JW Genesis Financial Services in St. Louis, Missouri; Sigma Financial Corporation in Ann Arbor, Michigan; IFG Network Securities in Atlanta, Georgia; and Wealth Builders Equity Corporation. He is a registered broker in three US states: Colorado, Florida, and New Jersey.

According to his BrokerCheck report, Jeffrey Sanders is the subject of one pending customer complaint and one denied customer complaint.

In 2014 a customer alleged Jeffrey Sanders, while employed at Empire Financial Group, breached his fiduciary duty, engaged in negligent supervision, and made an unsuitable sale of a non-traded real estate investment trust (REIT). The customer is seeking $60,000 in damages in the pending complaint.

In 2010 a customer filed a complaint against Jeffrey Sanders alleging a “trade error loss occurred when account was fully liquidated” while he was employed at Empire Financial Group. The customer sought damages exceeding $103,000 in the complaint, which was denied.

A real estate investment trust, or REIT, is an entity that owns assorted forms of real estate, or interests in thereof. As an investment vehicle, REITs use the combined funds from a pool of investors to purchase real estate property; they can be publicly traded or privately held, traded on the stock market or not traded at all. Consequently they are highly illiquid investments. While they have the benefit of extending new opportunities to investors who otherwise could not access certain real estate investments, non-traded REITs may be particularly risky for short-term investors and even long-term investors. They are additionally taxed on an individual level and can lead to property taxes as high as 25% of the sum operating expenses.

If you or someone you know has complaints regarding Jeffrey Sanders, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.