Piano World Home Page

NY Post on Steinway investment misrepresentation

Posted By: chasingrainbows

NY Post on Steinway investment misrepresentation - 02/25/19 10:29 PM

Has anyone read this article?
https://nypost.com/2019/02/09/steinway-piano-customers-claim-they-were-duped-into-investment/
Posted By: Rich Galassini

Re: NY Post on Steinway investment misrepresentation - 02/25/19 10:41 PM

Yes. It has circulated quite a bit.
Posted By: Retsacnal

Re: NY Post on Steinway investment misrepresentation - 02/25/19 11:00 PM

Two recent threads:

http://forum.pianoworld.com/ubbthre...an-investment-yes-or-no.html#Post2813862

http://forum.pianoworld.com/ubbthre...-steinway-piano-pricing.html#Post2812833
Posted By: GC13

Re: NY Post on Steinway investment misrepresentation - 02/26/19 02:48 AM

I've had stories that appear to be from 2 different law firms popping up in my Facebook feed about this. Has anyone else seen this? I guess it's b/c I like so many piano related pages.
Posted By: Retsacnal

Re: NY Post on Steinway investment misrepresentation - 02/26/19 04:06 AM

What kind of stories? Can you snap a screenshot and share?

The only thing I can imagine law firms advertising for would be to solicit clients for a class action law suit (of course, ianal). Wouldn't that be ironic if everyone who was told that their "investment" would appreciate in value sued? That's partly why the SEC regulates financial advising. Piano stores shouldn't be giving investment advice (imo).

Anyway, I have not seen anything related to pianos and law firms on FB, although I have noticed an odd uptick in piano adverts on FB.
Posted By: Plowboy

Re: NY Post on Steinway investment misrepresentation - 03/02/19 07:48 AM

Steinway was a great investment for me. When they got bought out my stock doubled in price.
© 2019 Piano World Piano & Digital Piano Forums