brokerwatch

Phillip Isan | Great Point Capital

Phillip Isan recommended ARC NYC REIT to his investors, and Peiffer Wolf is interested in performing a Free Case evaluation for all of his clients.  Pitched as a way to provide investors with income and appreciation, ARC NYC REIT is promoted as “high-quality commercial real estate located within the five boroughs of New York City, particularly Manhattan.” Initially, NYC REIT was a non-traded REIT. Because it was not initially traded on an exchange, ARC NYC REIT was even less liquid than other REITs that trade on open exchanges. Investors believed that returns would be greater than 10% annually, but distributions stopped and there was a reverse stock split. To make matter worse, the initial public offering price was $25 per share, but that valuation has now plummeted below $12 per share.

According to FINRA’s BrokerCheck website for Public Disclosures, Phillip Isan has been the subject of 1 disclosure:

• April 2016 – Customer Dispute – Denied.

If you invested with Phillip Isan of Great Point Capital contact Peiffer Wolf immediately for a FREE Consultation.

To review Phillip Isan’s BrokerCheck report, click here:

https://brokercheck.finra.org/individual/summary/574250

*BrokerCheck is run by the Financial Industry Regulatory, Inc. (FINRA)

Phillip Isan Investigation

Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

Based on our experience, we believe that there are more investors who have been the victims of Phillip Isan’s alleged broker misconduct and investment fraud. If you invested with Phillip Isan of Great Point Financial, contact Peiffer Wolf immediately for a FREE Consultation. 585-310-5140.