Wednesday, December 14, 2016

$1 million Bien v Mid Atlantic Capital non-traded REIT Award

In December 2016, a FINRA arbitration panel in Denver, CO ordered Mid Atlantic Capital Group to pay at least $1,037,000 in compensatory damages, interest, attorney’s fees and expert witness costs. You can read the award here. Dr. McCann testified on liability and damages over Mid Atlantic’s sale of a non-traded KBS REIT and illiquid loan fund, Sonoma Ridge Partners.