Inspired Healthcare Capital Investors From California Sue Emerson Equity For DST Losses
Retiree Couple Is Pursuing Up to $500,000 in Damages From Broker-Dealer
Shepherd Smith Edwards and Kantas (investorlawyers.com) has filed another six-figure Inspired Healthcare Capital (IHC) recovery claim in FINRA arbitration against Emerson Equity. This time, the claimants are two senior investors from Livermore, CA. Also, Respondents in the investor lawsuit are Emerson Equity control person Dominic Julio Baldini and Emerson Equity broker Adam Ross Shipley.
These retirees were not knowledgeable about the securities industry and had no prior experience with Delaware Statutory Trusts (DSTs), which were issued by Inspired Healthcare Capital. These are Regulation D offerings and private placements. They are unsuitable for most retirees and inexperienced investors due to their illiquidity and the risk involved. They should only be sold to accredited, experienced investors.
It hasn’t helped that IHC is now defunct and investor distributions have stopped. The alternative asset company, which was involved in the senior living space, is also under regulatory investigation by the US Securities and Exchange Commission (SEC).
From the start, this California couple made it clear that they did not want any undue risk, and their assets were for their retirement. Respondents assured them that all of the products they were recommending were relatively safe, secure, and guaranteed. In fact, this was a misrepresentation regarding the true level of risk involved.
Emerson Equity acted as the sole marketer and underwriter of all IHC products, which in itself presented a conflict of interest. It was also the sole managing brokerage firm.
Not only that, but IHC was a fairly new, untested entity with a short track record. What it did offer, however, was a multi-layer of fees of up to 12.5% that the broker-dealer and its registered representatives could earn from selling the DSTs to customers.
In their Inspired Healthcare Capital DST Recovery case, our Clients are alleging unsuitability, misrepresentations and omissions, Regulation Best Interest violations, breach of fiduciary duty, breach of contract, and more. These investors are looking at a near-total loss of principal.
Fighting For Inspired Healthcare Capital Investors Against Emerson Equity
Already, Shepherd Smith Edwards and Kantas is representing many investors who were unsuitably sold IHC Delaware Statutory Trusts to them by Emerson Equity. These FINRA lawsuits are collectively seeking millions of dollars in damages on behalf of our Clients.
If we decide to work together, you will become part of our unit of Inspired Healthcare Capital lawsuits against this broker-dealer. As an investor seeking to recoup losses, this is what you want—to retain knowledgeable and skilled securities lawyers representing multiple claims against a firm.
By now, Emerson Equity knows who we are and that they must take any legal cases that we bring forward in arbitration, mediation, or litigation seriously.
Over the decades, we have helped thousands of investors to collectively recoup many millions of dollars from liable broker-dealers and investment advisers. When you work with us, you can trust that you are retaining the services of a securities law firm that is 100% committed to offering you quality representation and personalised attention.
Call (800) 259-9010 or fill out this online form to schedule your free case consultation.