NEXT: Shepherd, Smith, Edwards & Kantas Investigating REIT Sales By NEXT Financial

HOUSTON, Jan. 08, 2020 (GLOBE NEWSWIRE) -- Lawyers with the firm Shepherd, Smith, Edwards & Kantas, LLP (SSEK Law Firm) are investigating claims involving the sale of non-traded Real Estate Investment Trusts (REITs) by NEXT Financial investment advisors. NEXT Financial ("NEXT"), based in Houston, TX and owned by Atria Wealth Solutions, is an independent brokerage firm that was recently fined $475K by two states stemming from complaints of unsuitability, failure to supervise its agent(s), and sales practice violations. NEXT was fined by the Massachusetts Securities Division for $150K as a result of its investigation into the sale of these unsuitable REITs by an unnamed broker over a 10-year period, along with allegations that "many of ...Full story available on Benzinga.com