Brokers/Financial Advisors Who Sold KBS/Pacific Oak REIT may be Liable for Losses: Contact
Summary
Investors who suffered losses in KBS/Pacific Oak Opportunity REIT due to recommendations by their broker/financial adviser are encouraged to contact attorney Lawrence L. Klayman at (888) 997-9956 or lklayman@klaymantoskes.com for a free consultation to discuss recovery options. Pacific Oak REIT (OTCMKTS:PCOK) and its president Peter McMillan III wrote a letter to stockholders on February 24th, 2023. The letter to stockholders also mentioned that as of December 31, 2022, Pacific Oak has been unable to fulfill requests to redeem 14,738,800 shares. Compared to conventional stocks and mutual funds, REITs are considerably more complicated and come with a greater degree of risk, largely because of their illiquid nature. Investors who have suffered significant losses in KBS/Pacific Oak Real Estate Investment Trust (“REIT”) at the hands of a full-service brokerage firm and/or broker/financial advisor, should contact attorney Lawrence L. Klayman for a free consultation to discuss recovery options at (866) 460-4957 or lklayman@klaymantoskes.com.