FINRA Files Complaint Against DLA For ILLIQUID Apple REITS

FINRA Files Complaint Against DLA For ILLIQUID Apple REITS

The Financial Industry Regulatory Authority (“FINRA”) recently filed a complaint against David Lerner & Associates (“DLA”) for soliciting its customers to invest in illiquid real estate investment trusts (“REITs”) known as Apple REITs.  The Complaint, filed in May 2011, alleges that DLA […]