Alternative Investment Loss Law Firm

This Investor Sustained Losses in Buckingham DST and Shopoff REIT

The Shepherd Smith Edwards and Kantas Alternative Investment Loss Law Firm (investorlawyers.com) has filed an investment loss recovery claim against Emerson Equity on behalf of an investor who we believe was unsuitably recommended too risky products, including Shopoff REIT and Buckhingham DST.

This six-figure alternative investment loss case is for a California retiree who entrusted a good portion of her retirement savings to the broker-dealer. Now, she is alleging the unsuitable recommendation of high-risk investments that were especially bad for her, given she had IRA accounts in which losses can’t be written off.

She is also claiming misrepresentations and omissions, Regulation Best Interest violations, breach of fiduciary duty, failure to supervise, breach of contract, overconcentration, and more. Potential ongoing fraud may also be a factor.

Dominic Baldini is named in the Emerson Equity investor lawsuit in his role as majority owner/control person and one of the firm’s agents. Michael Culwell, the Emerson Equity broker that this senior investor worked with, was the one who pursued her as a Client.

This retiree is someone who is not very knowledgeable about the securities industry and was inexperienced when it came to Delaware Statutory Trusts and Real Estate Investment Trusts. Both are complex, opaque, illiquid products that pay brokerage firms a layer of fees for selling these investments to their customers.

This investor alleges that Emerson Equity and its broker misrepresented Shopoff REIT and Buckingham DST as reasonably safe and secure when, in fact, both are speculative, risky, and unrated.

There is no way this investor could have known that the recommendations were unsuitable for her until the investments stopped paying. Now, this Claimant is looking at a near total loss of her investments and everything she entrusted to the Claimants.

This is just one of many alternative investment fraud claims we have filed against Emerson Equity. The Shepherd Smith Edwards and Kantas Alternative Investment Loss Law Firm is also suing the broker-dealer in a number of FINRA lawsuits involving Inspired Healthcare Capital DSTs and Versity Investments Delaware Statutory Trusts.

Michael Culwell’s CRD shows three other customer disputes. These include an unsuitability claim that was settled for six figures, a misrepresentation case also settled for six figures, and a still-pending $300,000 broker negligence case.

Representing DST and REIT Investors Against Brokerage Firms, Including Emerson Equity

Alternative investment loss cases can be complex lawsuits to pursue, which is why you want to work with a seasoned securities law firm. Shepherd Smith Edwards and Kantas has represented investors in more than 1000 matters in arbitration, mediation, and litigation, and we have secured full or partial financial recovery for more than 90% of our Clients.

Call our Alternative Investment Loss Law Firm at (800) 259-9010 or fill out this online form.