Meyer Wilson is investigating claims on behalf of investors that Ivan Cen, a California-based financial advisor registered with Cetera Investment Services, sold his clients inappropriate investments.
Customers have filed three complaints against Cen alleging that he recommended them unsuitable investments, including shares in non-traded Real Estate Investment Trusts (REITs). One case settled. Two others remain pending.
Because non-traded REITs aren’t traded on a public exchange, investors can’t get their money back until the underlying real estate is sold. That makes them highly risky for investors. As a result, regulators have warned that REITs are unsuitable for the average retail investor, especially seniors.
If Cen recommended you unsuitable investments, contact us today for a free consultation to discuss your legal options. Meyer Wilson offers a completely free, no-pressure consultation so that you can learn about your rights to recovery after securities fraud, stockbroker misconduct, or investment fraud. All of our cases are handled on a contingency fee basis, so we don’t get paid for our work unless we’re successful in recovering money for you.