Notice to All LPL Customers Who Invested in REITs: The Securities Arbitration Law Firm of Klayman & Toskes Urges You to Explore All of Your Legal Options in Light of LPL's Settlement of REIT Charges

Wed Feb 6, 2013 6:59pm EST

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NEW YORK, Feb. 6, 2013 (GLOBE NEWSWIRE) -- The Securities Arbitration Law Firm of Klayman & Toskes
("K&T") (
) announced today that LPL Financial ("LPL") has agreed to pay up to $2.5 million to settle claims
brought by Massachusetts for failure to supervise registered representatives who sold non-traded
Real Estate Investment Trusts ("REITs"). The complaint focused on the following seven REITs:
Inland American, Cole Credit Property Trust, II, Cole Credit Property Trust, III, Cole Credit
Property 1031 Exchange, Wells REIT II, W.P. Carey Corporate Property Associates 17 and Dividend
Capital Total Realty.

In December 2012, LPL was charged with dishonest and unethical business practices regarding its
sales of REITs. Massachusetts found that REIT sales at LPL contained violations, including sales
made in violation of the State's 10% concentration limits, sales made in violation of prospectus
requirements, and sales made in violation of LPL compliance practices. Massachusetts also found
that LPL representatives received limited training on REITs.

LPL customers who invested in REITs are encouraged to contact K&T to explore their legal rights
and options. K&T has filed numerous securities arbitration claims with the Financial Industry
Regulatory Authority's ("FINRA") Arbitration Department, on behalf of LPL customers who sustained
significant losses in REITs. The attorneys at K&T are dedicated to pursuing claims on behalf of
investors who have suffered substantial losses. K&T, an experienced, qualified and nationally
recognized securities litigation law firm, practices exclusively in the field of securities
arbitration and litigation. It continues its representation of investors throughout the world in
securities arbitration and litigation matters against major Wall Street brokerage firms.  

If you wish to discuss this announcement or invested $250,000 or more in REITs, please contact
Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at
888-997-9956, or visit us on the web

CONTACT: Klayman & Toskes, P.A.