IMPORTANT NOTICE TO NYC REIT/AMERICAN STRATEGIC INVESTMENT CO. INVESTORS WHO SUFFERED LOSSES
KlaymanToskes Represents Investors Who Suffered Losses in NYC REIT/American Strategic Investment Co.
American Strategic Investment Co. (f/k/a New York City REIT) (NYSE:NYC)
NEW YORK, NY, UNITED STATES, March 3, 2025 /EINPresswire.com/ -- National investment loss and securities law firm KlaymanToskes1 is continuing its investigation into brokerage firms and financial advisors that may have unsuitably recommended investments in New York City REIT (American Strategic Investment Co.)2 (NYSE: NYC) following the REIT’s steep decline. Investors who suffered significant losses as a result of a recommendation by their broker/investment advisor should contact the law firm immediately at 888-997-9956. Investors with self-directed accounts who did not rely on the advice of a financial advisor are not eligible for our representation.KlaymanToskes is representing numerous investors around the nation in FINRA Arbitration claims (Case no. 25-00082, Case no. 24-00860, Case no. 23-02737) against the brokerage firms and financial advisors that recommended investments in NYC REIT (now known as American Strategic Investment Co.). NYC REIT’s stock (NYSE: NYC), which previously sold at a price of $25 per share.
Our investigation has led the law firm to believe that investment firms and their financial advisors may have failed to act in the best interest of their customers, and misrepresented the risk-factors related to investments in NYC REIT, in addition to failing to conduct due diligence on NYC REIT’s investment offering, leading to unsuitable recommendations.
Financial advisors and their firms may be held liable for any losses incurred by their customers in the event of failure to act in the best interest of the customer, unsuitable investment recommendations, misrepresentations or omissions of material facts, and/or an overconcentration of the customer’s portfolio in one particular investment, class, or market sector. Further, financial professionals and their firms cannot disregard a customer’s risk-tolerance when making investment recommendations.
Investors who suffered investment losses in NYC REIT/American Strategic Investment Co. (NYSE: NYC) due to unsuitable recommendations by their brokerage firm/financial advisor, are encouraged to contact attorney Steven D. Toskes3 at (888) 997-9956 or by email at investigations@klaymantoskes.com in furtherance of our investigation.
About KlaymanToskes
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
Contact
Steven D. Toskes, Esq.
KlaymanToskes, P.A.
+1 888-997-9956
investigations@klaymantoskes.com
1 http://klaymantoskes.com/contact/
2 http://klaymantoskes.com/investigations/american-strategic-investment-co-new-york-city-reit-investor-loss-alert/
3 http://klaymantoskes.com/team/steven-d-toskes/
