Eccleston Law has filed its second securities arbitration claim against against Manitowoc, Wisconsin-based broker James Albright, Jr. and Sagepoint Financial, Inc. f/k/a AIG Financial Adviserson behalf of nine (9) investors who suffered losses in various unsuitable investments recommended by James Albright. Eccleston Law filed its first securities arbitration claim against James Albright, Jr. and his firm in July 2011.
A full press release can be viewed at the link below:
Like the first securities arbitration claim, the second securities arbitration claim The arbitration action alleges that Mr. Albright recommended unsuitable, risky and illiquid non-traded real estate investment trusts (“REITs”) for the accounts of the individual clients, while failing to adequately disclose the risks involved in those investments. As a result of Mr. Albright’s aggressive sales practices, the individual clients have suffered substantial losses and are unable to access their funds, which are locked into highly illiquid investments.
The non-traded REITs at issue include, but are not limited to Behringer Harvard, KBS REIT, G-REIT. Mr. Albright also recommended a the now defunct tenant-in-common ("TIC") investment DBSI to an investor in the second arbitration claim.
If you are investor who has suffered losses investing in a non-traded REIT or tenant-in-common investment that was recommended by Manitowoc, Wisconsin broker James Albright, Jr. (CRD: 2035269) and would like a free, no obligation consultation about your recovery options, please contact one of our attorneys at 312-332-0000.
FinancialCounsel.com, hosted by James J. Eccleston, is a companion website to this blog, along with EcclestonLaw.com. It contains complementary material of general interest to investors and financial services professionals. Investors will find material on securities arbitration to recover investment losses; industry and financial markets intelligence; and strategies for estate planning. Professionals have access to material on broker/adviser registration, regulation, compliance and disciplinary proceedings; industry and financial markets intelligence; strategies for estate planning; and broker/adviser employment litigation and injunctions, including defamation and non-competition/solicitation issues. 
