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Shirley Coria Subject of a Dispute Involving REITs and BDCs

Shirley Coria (CRD #: 1111255), a broker registered with Independent Financial Group, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on December 20, 2023. Keep reading if you have questions regarding her dispute. 

On November 10, 2023, investor(s) alleged that Shirley Coria recommended investments that were largely concentrated in illiquid, speculative, low-quality, and high-commission non-traded REITs and Business Development Companies. 

The investor is seeking $1,521,706. 

What Are REITs?

Real estate investment trusts (REITs) allow investors to generate returns from a portfolio of real estate without being directly involved in property management. However, REITs tend to be illiquid, which makes them unsuitable for many investors. Non-traded REITs are especially risky because they are not traded on the public exchange, making them difficult or impossible to sell. 

What Are Business Development Companies? 

Business Development Companies (BDCs) allow investors to invest in the private sector. BDCs extend loans to distressed companies, and investors might see high returns in the form of the interest these companies pay. However, the possibility of default and other risks can make BDCs unsuitable for many investors.

Background Information 

Shirley Coria has passed the following exams:

  • Series 66 Uniform Combined State Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 99TO Operations Professional Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 24 General Securities Principal Examination 

She is a registered broker and investment adviser in California. She is also a registered broker in eight other states. 

During her 21 years of experience, she has registered with four firms: 

  • Independent Financial Group (CRD #: 7717) 
  • NPB Financial Group (CRD #: 137743) 
  • Associated Planners Investment Advisory (CRD #: 104790) 
  • Associated Securities Corp. (CRD #: 12969) 

Kurta Law Can Help 

If you have worked with Shirley Coria and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.