At Bakhtiari & Harrison, we are currently scrutinizing the significant financial downturn of Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR), which has seen its stock value decline dramatically from around $53 to just a few cents over the years. This severe drop has adversely affected numerous investors, particularly elderly individuals who sought to protect their assets through stable, fixed-income investments.
It is crucial for investors to know that stockbrokers and financial advisors have a legal duty to recommend investments that are appropriate for their clients. This duty includes an assessment of the client’s financial circumstances, investment experience, and risk tolerance. Furthermore, with the implementation of Regulation Best Interest (Reg BI), brokers are now obliged to act in the best interests of their retail customers, which includes disclosing any potential conflicts of interest.
The sharp decline in the value of shares of Wheeler Real Estate Investment Trust Inc brings to light concerns regarding whether these investments were suitable for investors aiming for capital preservation and stable income. Brokers recommending these securities must ensure that they meet their clients’ investment goals and risk profiles. A failure in this regard could represent a breach of ethical standards and financial regulations, potentially leading to legal repercussions for the brokers involved.
Bakhtiari & Harrison focuses on advocating for investors who have been misled by brokerage firms. We are deeply familiar with the intricacies of securities law and are dedicated to upholding the rights of investors who have incurred losses due to unsuitable or deceitful investment recommendations. If you suspect that you have been a victim of investment fraud or misconduct related to your investment in Wheeler Real Estate Investment Trust Inc or any other security, we invite you to contact us for support and advice.
The team at Bakhtiari & Harrison is committed to offering thorough legal support to individuals impacted by investment fraud. Should you need legal representation or wish to discuss your circumstances, please do not hesitate to contact us at our office or visit our website. We are prepared to assist you in these challenging times and strive to help you recuperate your investment losses.