Silver Star Properties REIT Investigating Founder For Alleged Fiduciary Violations

Posted on March 20th, 2023 at 3:46 PM
Silver Star Properties REIT Investigating Founder For Alleged Fiduciary Violations

From the desk of Jim Eccleston at Eccleston Law 

Silver Star Properties REIT, a publicly registered non-traded real estate investment trust,
recently announced that the executive committee of the board has removed founder and
executive chairman of the company, Allen Hartman.
The board of directors previously had provided the executive committee with exclusive
decision-making authority. The executive committee additionally has opted out of an agreement
between Hartman Short Term Income Properties XX Inc. and Al Hartman. Silver Star REIT is
investigating, “issues related to certain violations of fiduciary and other duties to the company by
Mr. Hartman”, according to the executive committee.
However, the company reported that Hartman continues to serve as a director on Silver
Star’s board. In November 2022, Hartman vREIT XXI announced that there was “substantial
doubt about the company’s ability to continue as a going concern.”
Eccleston Law LLC represents financial advisors and investors nationwide in securities, employment, transition, regulatory and disciplinary matters. 

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next

Hiring Eccleston Law has been one of the best career decisions I have made and this "investment" to maintain my sterling regulatory record has been returned many times over.  If you are in a situation where you've been unfairly accused, don't hesitate to talk with Eccleston Law. They are the best.

Thomas C.

LATEST NEWS AND ARTICLES

May 9, 2025
FINRA Suspends Former Wells Fargo Advisor Over Unauthorized Transfer in Elderly Client's Account

FINRA has fined and suspended former Wells Fargo financial advisor Jarrett Thomas after he executed a $50,000 transaction for an elderly client despite being informed that she was no longer capable of managing her finances.

May 8, 2025
All 50 States Now Aligned on Annuity Sales Standards

The annuity industry officially has secured uniformity in sales regulations across all 50 states.

May 7, 2025
Jury Finds Investment Advisor Liable for Failing to Disclose Annuity Commissions

A federal jury in Massachusetts has found investment adviser Jeffrey Cutter and his firm, Cutter Financial Group, liable for violating federal securities law by failing to disclose significant upfront commissions and conflicts of interest related to an annuity replacement scheme.