New York based securities and TIC fraud attorneys at Fitapelli Kurta are investigating claims against current Cetera Advisors and former Pacific West Securities and Sigma broker, Jim Crocker for various Tenant-In-Common (TIC) investments he recommended to customers.

Jim Crocker has been in the financial industry for eight years. He has been registered as a broker with Cetera Advisors since 2012. Before that he worked as a registered representative for Pacific West Securities from 2006 to 2012. He worked for Sigma Financial Corporation, a firm with an extensive amount of customer complaints against it, for a month in 2006.

During his employment at the above mentioned firms, Crocker recommended various TIC investments to many of his customers. TIC investments are extremely high risk real estate investments that are actually bought and sold like securities. As such, any claim for damages as the result of a TIC investment must be filed with the Financial Industry Regulatory Authority (FINRA) for arbitration.

Often times, TIC investments are unsuitable for an investor’s objective or goals, but people are deceived into investing given their broker’s promise of low risk investments with high distributions. Brokers often entice clients to invest in TIC transactions as a way to defer capital gains.  This is called a 1031 exchange under the U.S. Tax Code.

If you or someone you know has lost money as the result of a TIC investment, a 1031 exchange or due to the financial misconduct of, Cetera Advisors, Pacific West Securities or Sigma Financial, or one of their other brokers, the experienced attorneys at Fitapelli Kurta can help. The law offers a path of recovery in these cases, but time to file a claim with FINRA is limited, so do not delay. Call now for your free case evaluation