More TNP investors are contacting securities lawyers Jason Kane and Joe Peiffer to seek compensation for their investments in Thompson National Properties – sponsored programs.
Investors in TNP 2008 Participating Notes, TNP 12% Notes, TNP Strategic Retail Trust, and TNP 6700 Santa Monica Boulevard (“TNP Kodak) represented by attorneys Rosca and Peiffer have filed or are in process of filing securities arbitration disputes against the broker-dealer firms that sold the TNP programs to them.
Attorneys Rosca and Peiffer, along with their co-counsels, have also filed three class actions on behalf of investors in TNP programs.
“Broker-dealer firms have a duty to conduct adequate due diligence before recommending an investment to their customers,” said attorney Jason Kane. “Brokerage firms cannot simply rely on whatever the program sponsor tells them. They must conduct their own, independent investigation into each program before agreeing to offer it to investors,” said attorney Joe Peiffer.
The TNP investments were unsuitable for many investors, and in many cases broker-dealer firms failed to disclose some important risks associated with TNP and its programs, according to attorneys Rosca and Peiffer.
Securities disputes filed in FINRA arbitration typically take between 12-18 months to resolve, though in some cases an expedited procedure may be available. Each case is, of course, different and there is no guarantee as to how long any particular case may last.
Thompson National Properties investors in TNP 2008 Participating Notes, TNP 12% Notes, TNP Strategic Retail Trust, TNP 6700 Santa Monica Boulevard (“TNP Kodak”) and other TNP – sponsored programs may contact attorneys Jason Kane or Joe Peiffer, toll free at (216) 589-9280 for a free, no-obligation evaluation of their recovery options.