Victim of Financial Fraud? Call Now
Home » Broker Blog » Chad Anderson: Did He Recommend an Unsuitable REIT?

Chad Anderson: Did He Recommend an Unsuitable REIT?

Chad Anderson (CRD #: 3168404), a broker registered with Cetera Advisors, is involved in an investor dispute, according to his BrokerCheck record, accessed on July 28, 2021.

On June 7, 2021, an investor alleged that Chad Anderson misrepresented a Real Estate Investment Trust (REIT) as having no risk. REITs always have some degree of risk, especially if they are non-traded. Any real estate investment faces risk during an economic crisis. For instance, following the 2020 pandemic, huge numbers of tenants could not afford to make rent payments, causing many REITs to lose money.

Chad Anderson Background Information

Char Anderson has passed the following exams:

  • Series 65 Uniform Investment Adviser Law Examination
  • Series 63 Uniform Securities Agent State Law Examination
  • Securities Industry Essentials Examination
  • Series 7 General Securities Representative Examination
  • Series 24 General Securities Principal Examination

He is a registered broker in eight states and a registered investment adviser in Arizona.

Anderson has worked with the following firms:

  • Cetera Advisors (CRD #: 10299)
  • LPL Financial (CRD #: 6413)
  • Investment Centers of America (CRD #: 16443)
  • New England Securities (CRD #: 615)
  • Next Financial Group (CRD #: 46214)
  • Edward Jones (CRD #: 250)
  • Primevest Financial Services (CRD #: 15340)

Kurta Law Can Help

If you worked with Chad Anderson and you have concerns about REITs, contact Kurta Law today. Call 212-658-1502 or email jkurta@kurtalawfirm.com.

 

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories