Sonn Law is investigating any brokers or firms that recommended investing with RAIT. We represent investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 866–827–3202, or complete our contact form for a free consultation.
RAIT Financial Files for Bankruptcy
RAIT Financial Trust is a real estate investment trust (REIT) based in Philadelphia, Pennsylvania.
REITs are portfolios of commercial real estate properties that receive income, like apartment complexes and hotels.
RAIT Financial Trust Bankruptcy
On August 30, 2019, the firm filed for Chapter 11 Bankruptcy. Earlier this year, the firm delayed its earnings reports, perhaps a sign of the recent bankruptcy filing. RAIT was responsible for managing over $1.5 billion in assets. Following the bankruptcy, reports say that RAIT is planning to sell all of its assets to Fortress Investment Group as part of a reorganization.
Recover Losses From RAIT Financial Trust
Fortunately, investors with funds in RAIT investments may be able to recover some or all of their investment. Under FINRA Rules, brokers are responsible for making sure their investment recommendations are suitable, and if an investor was misrepresented to about the risks of investing in RAIT, that broker may be liable. Additionally, FINRA Rules require brokerage firms to supervise the activity of their brokers, and failure to do so may result in liability for misconduct.
Get Help From an Investor Losses Attorney Today
At Sonn Law Group, we are currently investigating claims involving RAIT Financial Trust and related investment strategies. Our legal team advocates for the legal rights and financial interests of investors throughout the United States and North America. To set up a free, strictly confidential review of your claim, please do not hesitate to contact us today.
Sonn Law Group has a great deal of experience in representing investors who have sustained losses due to the negligence or misconduct of their broker and/or brokerage firm, including cases involving complex options strategies. We will aggressively pursue claims to recover your Collateral Enhancement Strategy or other investment losses. If you are looking for an investment fraud attorney to review your rights and options, the lawyers at Sonn Law Group represent individual and institutional investors who have lost money as a result of unsuitable investment advice, negligent advice, investment fraud or stockbroker misconduct. Our attorneys have helped to recover more than $250 million in assets lost to investment fraud, securities fraud, Ponzi schemes, and stockbroker misconduct.