Sonn Law Group is reviewing allegations involving former Aurora Securities broker Lori Beth Kamen (CRD No. 2805591).

According to FINRA BrokerCheck, Kamen has eight pending customer disputes involving real estate securities, including Delaware Statutory Trust investments. The claims collectively seek approximately $3.45 million in alleged damages.

The customers generally allege that Aurora Securities and its supervisory personnel failed to conduct adequate due diligence or properly supervise investments involving DSTs and other real estate securities. The largest pending arbitration seeks approximately $1.53 million and alleges supervisory and due-diligence failures involving two DST investments that subsequently declined in value.

Other pending claims seek amounts ranging from approximately $200,000 to $345,455. Several specifically concern alleged due-diligence failures involving DST investments. (FINRA)

Kamen denies wrongdoing. Her reported statements maintain that she did not recommend or solicit the investments and was named solely in her supervisory capacity as Aurora Securities’ president and chief compliance officer. The claims remain pending and have not been proven.

Did You Invest Through Lori Kamen or Aurora Securities?

DSTs and other private real estate securities can involve substantial liquidity, valuation, concentration and loss risks. Brokerage firms may be liable when inadequate due diligence or supervision contributes to investor losses.

Investors who purchased DSTs or other real estate securities through Lori Kamen or Aurora Securities can contact Sonn Law Group at 1-844-689-5754 for a free and confidential consultation.