Alternative Investment Lawyers

Did HJ Sims Run A Reg D Private Placement Offering Scam? Our Skilled Alternative Investment Lawyers Are Investigating

In an August 2022 Investor Bulletin, the US Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy cautioned about the risks involving Regulation D private placements, which are exempt from the regulator’s registration requirements. Limited to accredited investors, they are sometimes also sold to retail investors, conservative retirees, and other unsophisticated investors for whom this kind of risky, illiquid investment is unsuitable.

Shepherd Smith Edwards and Kantas ( Alternative Investment Lawyers are currently investigating claims of losses related to Reg D offerings that were sold, often exclusively by brokerage firm Herbert J. Sims (HJ Sims). There are growing allegations that the broker-dealer may have allegedly fraudulently sold Reg D offerings, including to retail investors and older seniors.

If you suffered serious losses in any of the HJ Sims private placements listed below, contact us today to schedule your free, no-obligation case assessment:

  • Fox Ridge Finance
  • Orchard View, Acquisition
  • DRSN Real Estate GP
  • Elderwood Acquisition
  • Heatherwood Acquisition
  • Sims Merrill Gardens III
  • Stuart Lodge Living/Stuart Lodge Properties
  • Discovery Funding Sarasota Bay
  • Athena Acquisition VI
  • Epic Finance I
  • Carmel Acquisition
  • Treeo Funding I
  • Fountains of Hope
  • Tuscan Isle Property Company
  • Tuscan Gardens of Venetia Bay Properties
  • Gryphon BH Funding
  • HJSI Athena Portfolio Finance
  • Tuscan Isle ChampionsGate Prop. Co.
  • Affinity Portfolio Funding
  • Affinity Portfolio Funding II
  • Affinity Portfolio Funding III
  • Affinity Development Funding I
  • BHCP Acquisition
  • Vantage Point Funding I
  • Sante Funding I
  • Tuscan Gardens of Palm Coast Properties
  • Vita Funding I
  • LW Development Funding I
  • Affinity Funding IV
  • NHG Funding I
  • Affinity Portfolio Funding V
  • Affinity Portfolio Funding VI
  • Monarch Funding I
  • Sims Benchmark V
  • TL Funding I
  • Sims Merrill Gardens V
  • Stonebridge Funding I
  • NHG Funding II
  • Riverview ALF Holdings
  • Civitas Funding I
  • Inspirit Venue Funding I
  • Sims High Income Portfolio
  • NHG Funding III
  • Monarch Funding II
  • Monarch Funding III
  • Monarch Funding IV
  • DRSN Real Estate GP
  • TL Funding II
  • NREA Southeast Portfolio Three
  • Links Funding I
  • Family Health Funding I
  • Sims Benchmark VI
  • NREA Retreat, DST
  • Sims Merrill Gardens VI
  • Griffin Capital (South Beach – Vegas) DST
  • TL Funding III
  • TL Funding IV
  • Caraday Funding I
  • Crown Point Funding I
  • Magnolia Funding I
  • Voralto Funding I
  • Links Funding II
  • ALG Funding IX
  • Watermark FL Funding
  • SAL Funding I
  • Commercial Equipment Finance Income Fund
  • Elevate Funding I
  • Vinebrook Homes Trust
  • Parliament Credit Opportunities Fund
  • Comprehensive Care Funding I
  • PPG Funding I
  • PPG Funding II
  • Hill Valley Funding I
  • Links Funding III
  • NexPoint Buffalo DST
  • NexPoint Hughes DST
  • HBS Acquisition Finance
  • Mackenzie Preferred Funding
  • Cleveland Thermal
  • Sims Cathcart Funding
  • Cypress Point Funding
  • Riverchase Funding
  • Gryphon Finance I
  • Madison Funding I
  • Tuscan Isle Holdings I
  • Tuscan Isle Championsgate Holdings
  • Hawkeye Village Finance I
  • Meridian Portfolio Funding I
  • Poet’s Walk Funding I
  • Wakefield Portfolio Funding I
  • HJSI Athena Portfolio Finance
  • Fountains Acquisition Finance

What Are Some of The Broker Fraud Allegations Against HJ Sims?

Over the last decade, this broker-dealer sold at least 93 of these private placement offerings that were collectively valued at around $2.2B. HJ Sims also was purportedly the only broker-dealer that sold 84 of these Reg D offerings. A lot of these alternative investments are allegedly believed to have come from issuers who also happened to be HJ Sims executives. If this is true, not only did these individuals make money on both the offering and selling ends, but also this would have been a conflict of interest that should have been disclosed.

A number of HJ Sims Reg D offerings have already defaulted. Meanwhile, many of the firm’s private placements neglected to file their annual registrations as mandated by the states. HJ Sims is accused of not only exaggerating bond prices on customer account statements but of doing so when some of these bond offerings were likely worthless. Unfortunately, because Reg D investments earn brokers high commissions, this can compel financial advisors to make unsuitable investment recommendations, misrepresentations and omissions about material information, and engage in other types of broker fraud or misconduct.

Why You Should Work With Skilled Reg D Offering Investment Loss Recovery Lawyers

These are not your traditional investments and it is important that you retain a securities law firm that understands what Regulation D private placements are and how to pursue the damages you are owed by the broker who engaged in fraud or negligence. Shepherd Smith Edwards and Kantas is well-versed in these alternative investments and how to maximize your chances for a full financial recovery.

Call (800) 259-9010 today.




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