The Securities Arbitration Law Firm of Klayman & Toskes Files Another Arbitration Claim Against LPL Financial As It Continues To

  The Securities Arbitration Law Firm of Klayman & Toskes Files Another
  Arbitration Claim Against LPL Financial As It Continues To Investigate
  Claims On Behalf of Inland Western REIT n/k/a Retail Properties of America
  Investors

Business Wire

NEW YORK -- December 14, 2012

The Securities Arbitration Law Firm of Klayman & Toskes (“K&T”),
www.reitfraudloss.com, announced today that it filed a claim against LPL
Financial (“LPL”) to recover damages sustained in Inland Western REIT n/k/a
Retail Properties of America (NYSE:RPAI), and as a result of an unsuitable
asset allocation. The securities arbitration claim was filed with the
Financial Industry Regulatory Authority (“FINRA”), and seeks damages of
$200,000.

According to the claim, the Claimants, who are retirees, were advised by their
LPL advisor to invest in Inland Western, which at the time was an illiquid
investment. Unfortunately, the LPL advisor failed to explain the risks
associated with Inland Western. Further, the LPL advisor misallocated the
Claimants’ accounts with the purchase of several annuities which were
unsuitable for them. The annuities were also somewhat illiquid as they had
contingent deferred sales charges and were susceptible to market conditions.
When the advisor’s inappropriate investments lost principal, the illiquidity
of the Claimants’ assets became a major problem.

Earlier this week, the Massachusetts Securities Division filed a Complaint
against LPL for failure to supervise registered representatives who sold
non-traded REITs in violation of both state limitations and the company’s
rules. Further, LPL was charged with dishonest and unethical business
practices. Massachusetts focused on the following non-traded REIT products
that were approved for sale by LPL: Inland American, Cole Credit Property
Trust, II, Cole Credit Property Trust, III, Cole Credit Property 1031
Exchange, Wells REIT II, W.P. Carey Corporate Property Associates 17 and
Dividend Capital Total Realty.

Investors who purchased Inland Western or other REITs from LPL or other FINRA
brokerage firms can contact K&T to explore their legal rights and options. K&T
is presently pursuing claims on behalf of investors from across the country
who sustained losses by purchasing these types of products.

If you wish to discuss this announcement or invested $250,000 or more Inland
Western or other REITs, please contact Steven D. Toskes, Esquire or Jahan K.
Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956, or visit us on
the web at www.reitfraudloss.com.

Contact:

Klayman & Toskes, P.A.
Steven D. Toskes, Esquire, 888-997-9956
or
Jahan K. Manasseh, Esquire, 888-997-9956
 
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