Rainwater is the subject of four customer disputes: one filed on 4/26/2019, 2/7/2020 for $100,000, and two filed on 3/8/2020 for $125,000 and $650,000. Allegations include unauthorized trading and unsuitable product recommendations. Rainwater denies the allegations. These disputes are currently marked as “pending.”
He is also the subject of five tax liens from the State of Georgia: two from 2018 and three from 2016, totaling $164,398.94.
Arkadios sells non-traded REIT’s and other investments.
A non-traded REIT is a form of real estate investment method that is designed to reduce or eliminate tax while providing returns on real estate. Like exchange-traded REITs, non-traded REITs are subject to the same IRS requirements that include returning at least 90% of taxable income to shareholders.
However, non-traded REITs are not listed on public exchanges and can provide retail investors access to inaccessible real estate investments with tax benefits.
Despite not being listed, non-traded REITs must still be registered with the Securities and Exchange Commission and are required to make regular, periodic regulatory filings.
Similar to exchange-traded REITs, non-traded REITs are subject to the same IRS requirements that include returning at least 90% of taxable income to shareholders.
While many financial advisors sell REIT’s as an alternative to the stock market, the illiquid and speculative nature of these investments should not always be seen as selling points. In down markets, these investments can be very difficult to value and/or liquidate. Investors frequently allege they were not fairly compensated for the risk they were taking for holding these illiquid reits. Also, retail investors are frequently sold lower quality REIT’s as compared to those REIT’s held by large institutional investors.
Did You Invest With Kevin Rainwater?
Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today and let us know how we can help.