San Francisco Investors File Inspired Healthcare Capital Loss Lawsuit Against Realized Financial
Our IHC Delaware Statutory Trusts Are Representing These Claimants, Who Are Suing For Up To $500,000
Two semi-retirees from the San Francisco Bay Area have filed a FINRA arbitration claim against brokerage firm Realized Financial and its registered representatives Robert Johnson, David Dahill, and Stephanie Nicole Elliot. Shepherd Smith Edwards and Kantas Delaware Statutory Trust Recovery Attorneys (investorlawyers.com) are representing these claimants in their six-figure case.
Our clients are two people who entrusted a substantial portion of their life and retirement savings to Realized Financial. They made it clear that they did not want to inflict any undue risk on their money. Now, they are alleging that, instead of giving them prudent investment advice, the Respondents unsuitably recommended Delaware Statutory Trusts (DST) from Inspired Healthcare Capital (IHC).
This is a risky, unrated product that is privately traded and invested in real estate ventures that are usually start-ups with not much of a track record. DSTs are particularly inappropriate for near retirees, given that these products are illiquid and cannot be sold.
These two California investors were not knowledgeable about the securities industry beyond standard investments, which is why they felt the need to hire a financial advisor. Realized Financial registered representative Robert Johnson became their broker of record.
Johnson purportedly promoted himself as an expert on Delaware Statutory Trusts and touted the tax-free 1031 exchange process that is inherent to this type of investment structure.
Inspired Healthcare Capital is now defunct. Investor distributions have stopped. The alternative asset company remains under regulatory investigation by the US Securities and Exchange Commission (SEC).
In their Inspired Healthcare Capital DST recovery case, the Claimants contend that the extreme risks associated with this type of alternative investment and the multi-lawyer fees of up to 12.5% were not fully disclosed to them.
These two investors are alleging misrepresentations and omissions, unsuitability, negligence, gross negligence, breach of fiduciary duty, breach of contract, and more.
David Dahill and Stephanie Elliot are listed as control persons for Realized Financial. Kenneth Johnson is no longer registered with Realized Financial. He is now a CIBC World Markets broker.
Representing Inspired Healthcare Capital Investors Against Broker-Dealers
If you sustained losses related to your Inspired Healthcare Capital DSTs, contact the Shepherd Smith Edwards and Kantas Delaware Statutory Trust Recovery Attorneys today. We are representing a number of IHC investors against the brokerage firms that unsuitably marketed and sold these risky alternative investments to their customers.
It has come to our attention that the brokerage firms that sold IHC Delaware Statutory Trust Investments earned a lot from these transactions, even as investors are now claiming significant losses.
Inspired Healthcare Capital investments should only have been sold to accredited and sophisticated investors. Now that this alternative asset company is defunct, even those who met the criteria for investing in these DSTS are likely looking at substantial losses.
Brokerage firms are not just supposed to ensure suitability when making any kind of investment recommendation, but also need to make sure that the recommendations they make are in the clients’ best interests.
Our Delaware Statutory Trust Recovery Attorneys have the skills, experience, and knowledge to maximize each client’s chances for a full financial recovery. We are well-versed in why the brokers who promoted Inspired Healthcare Capital should be held liable.
Call our Delaware Statutory Trust Recovery Attorneys at (800) 259-9010 or fill out this online contact form to schedule your free case consultation.