The allegations read: Customers allege in or around june 2006, they invested their savings in reits but wanted to incur as little risk as possible. Registered representative purportedly guaranteed a return on their investments between 7% and 10%, stated they would receive $25,000 annually, retain their principle and that these investments were low risk and safe. Registered representative is alleged to have misrepresented each investment both at the time he sold the investments and afterward.
