The Securities Arbitration Law Firm of Klayman & Toskes Commences Investigation into the Sale of REITs to Ameriprise Financial Customers

Tue Mar 26, 2013 6:22pm EDT

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NEW YORK--(Business Wire)--
The Securities Arbitration Law Firm of Klayman & Toskes ("K&T"),, announced today that it is commencing an investigation
into the sale of real estate investment trust ("REITs") products by Ameriprise
Financial (NYSE:AMP) to its customers. Ameriprise Financial was one of the
largest sellers of non-traded REITs. 

Many investors purchased REITs at the recommendation of their full-service
brokerage firm, like Ameriprise, who advised them that they were low risk, safe
investments, thereby misrepresenting the product. In some cases, a substantial
portion of a customer`s assets were placed in a single REIT, resulting in an
unsuitable over-concentration in a single product. Consequently, REIT investors
may be able to recover some of their losses by filing an individual securities
arbitration claim against their full-service brokerage firm. 

Ameriprise 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 relating to REITs, including claims against Ameriprise.
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 purchased $250,000 or more in REITs
through Ameriprise, 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 at

Klayman & Toskes, P.A.
Steven D. Toskes, Esquire
Jahan K. Manasseh, Esquire

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