The Wolper Law Firm is currently investigating claims against William Benjamin Dusenbury Heritage, a Financial Advisor at Crown Capital Securities in Columbia, South Carolina. William Benjamin Dusenbury Heritage has been in the securities industry since 2000 and previously worked at Brookstone Securities.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on August 29, 2017, a customer filed a complaint against William Benjamin Dusenbury Heritage, alleging “lack of suitability and misrepresentation relating to the purchase of a non-traded REIT.” The customer alleged damages of $52,000 and the matter remains pending.
To review all customer complaints and disclosures against William Benjamin Dusenbury Heritage click https://brokercheck.finra.org/individual/summary/4027113#disclosuresSection.
Non-traded REITs do not trade a public securities exchange. For this reason, non-traded REITs can be illiquid, meaning investors may be unable to sell their investments on demand. Typically, the commissions generated on non-traded REITs are higher than industry norm and may be subject to extreme volatility due to associated risk factors. Non-traded REITs are only suitable for investors with a long term investment horizon who are willing to accept higher levels of risk in their investments.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
If you or someone you know was a customer of William Benjamin Dusenbury Heritage and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at firstname.lastname@example.org to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.
Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.