Investment News reported that, Wendy Worcester, the former CFO of a Thompson National Properties REIT has been suspended for lack of adequate and independent due diligence when conducting real estate deals promoted by a Thompson controlled broker- dealer named TNP Securities LLC. Ms. Worcester was not only suspended but also ordered to pay $15,000 in fines by FINRA. FINRA alleged that Ms. Worcester did not sufficiently fulfill her duty of due diligence with regard to three separate offerings.
If you have invested in Thompson sponsored REITs or have been victimized by securities fraud, financial malpractice, or theft by a FINRA registered broker, please call the securities attorneys of The Costello Law Group at (877) 418-0003 for a free consultation.
To read more about the investigation go to: http://www.investmentnews.com/article/20130610/FREE/130619989?utm_source=indaily-20130610&utm_medium=in-newsletter&utm_campaign=investmentnews&utm_term=text