Tenants in Common Lawyers

Part of the problem is the economy--many properties are not nearly as viable as they once were. Other properties cost a lot of money to run, so the chances of making a profit are small. The other part of the problem is that advisors were given high commissions to sell the TICs, so they had great financial incentive to push the investments as much as possible, meaning there was also incentive to misled investors.

Of course, if the TICs were not suitable for investors and financial advisors pushed the product on them regardless, then the financial advisors should be held accountable for not properly advising their clients. For example, TICs have limited liquidity and no active secondary market. These issues should have been explained to investors before they made the decision to put their money in TICs.

In the current economic climate, a lot of investments are losing their money and, sadly, it is the investor left to deal with the financial crisis. Most investors were simply looking for some place safe to put their money, some place that they did not run a risk of losing everything and where their money could stay until they needed it. TICs may have seemed like a safe investment originally--many companies made a lot of money from offering them--but in truth they carried some risk, and possibly more risk than investors could tolerate.

If you invested in TICs and are now learning that they are not as safe as you were told they were, you may be eligible to file a complaint against the person or organization that sold you the TIC. Financial advisors and financial services companies have a responsibility to be completely honest with their clients regarding the true nature of the risks involved in their investment products.