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ELDERLY INVESTOR WRONGED BY SOLICITATION AND SALE OF TENANT IN COMMON INVESTMENTS

May 10, 2016 by webman

Bob Gonser obtained an $845,000 settlement prior to the filing of a Statement of Claim for an 84 year old woman who was poorly advised to invest her assets into two TIC programs as part of a 1031 exchange from the sale of an apartment complex in California she owned and managed for 40 years. Sold under the guise the TIC investments were safe and secure and would provide a steady stream of income in her retirement and protect her principal, none of the inherent risks of these TIC investments were explained to this elderly client who clearly lacked the investment sophistication to understand the complexities and extraordinary risks associated with TICs. When the underlying TIC properties failed and stopped paying distributions, nearly her entire net worth was wiped out. Bob Gonser successfully argued that the TIC investments were unsuitable for her in light of her financial situation, assets and goals at the time of the transaction, and, more importantly, no effort was made to set aside assets to provide for her in the event these TIC investments failed to perform.

Filed Under: Awards and Settlements

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    Testimonials

    I needed an attorney with FINRA and business expertise and came across Bob Gonser. He quickly grasped the complex issues at hand that other attorneys could not, and led me skillfully through the entire arbitration process. It was a 9 month process that eventually led to a 5 day arbitration because the Respondent not only fought every step of the way, but raised the stakes with a $1.9mm Counterclaim. With Bob’s guiding hand, we entered the arbitration well prepared but faced a number of hostile w… Read more
    Michael R - San Ramon, CA
    Bob: I just wanted to send you a note now that all this is behind us, to let you know how much we appreciate your effort on our behalf. If it was not for you, we would never have been able to recover anything from our broker/dealer. My sincere thanks for all your help.
    J.B., California
    Bob: You should feel proud of your professional performance in handling my mother’s securities arbitration case earlier this year. My family and I extend our personal thanks to you and Marie for your hard work to make our case a success. We were extremely pleased with your performance.
    G.B., North Carolina
    Through your hard work and smarts, you secured a good settlement for me. I would never have been able to recover a penny without your help. I thanked you at the time, but just wanted to be sure you know how grateful I remain.
    C.O., California
    Thank you so much for the result. We got the result that was better than expected. It was a long journey and was worth the fight.
    P.K., Illinois
    Thank you for all you have done to make things easier during this difficult time. We were lucky to have you on our team.
    L.T., CALIFORNIA
    On behalf of my family, we wanted to again Thank You for helping us in regard to our case. During some very stressful times you were always there to answer questions and put everything back into perspective. I felt a great level of comfort having you handle our case. You are very good at what you do.
    A.L., Minnesota
    Bob-My brother Dick, myself and especially my Mom want to thank you for all your hard work. We appreciate your candid appraisals of where our case stood as process evolved. We feel that realistically you achieved all that was possible considering all factors… Thank you.
    D.P., California
    Thank you so much for all your efforts on my behalf. It was a pleasure to be represented by a kind, professional and passionate legal team during a challenging time for my family and me.
    V.D., CALIFORNIA
    Bob took my case on a contingency basis, which was important to me because I had lost everything in the bad investments my securities broker had recommended. Bob successfully argued in mediation, and got me a sizable reward. I would absolutely recommend Bob, especially for FINRA related cases.
    Joe B.
    Thank you for all you have done to make things easier during this difficult time. We were lucky to have you on our team. We were also very blessed to have the staff support that you provide with your services.
    L.T
    We appreciated Bob Gonser’s professional advice and support in handling our case and were impressed with his vast knowledge of our securities investments. Through Bob’s guidance, we were able to obtain a pleasing settlement without having to endure the stress of a hearing…
    A.P., Maryland
    Robert Gonser Super Lawyers 2020

    Gonser Law PC

    3717 Mt. Diablo Blvd. Suite 210
    Lafayette, CA 94549

    (925) 310-4408

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