Colorado Retiree Sues Great Point Capital For Up to $1M After Suffering Inspired Healthcare Capital Losses. Our DST Loss Attorneys Are Representing This Claimant in FINRA Arbitration
Shepherd Smith Edwards and Kantas DST Loss Attorneys (investorlawyers.com) are helping investors whose brokers unsuitably marketed and sold them Delaware Statutory Trusts (DSTs) from Inspired Healthcare Capital (IHC).
Our latest investment loss recovery case involves a Denver investor whose Great Point Capital broker Robert Lee Boggess allegedly overconcentrated her account with these risky private placements. In her FINRA lawsuit, this retiree is suing the broker-dealer for up to $1,000,000. Boggess is not a respondent in the case.
Inspired Healthcare Capital, which is now under regulatory investigation by the US Securities and Exchange Commission (SEC), is a senior housing and healthcare real estate investment fund. This claimant entrusted her savings and retirement money to Great Point Capital and its financial advisor, and it is with this IHC that they primarily invested her assets. IHC Delaware Statutory Trusts are illiquid, non-transparent, and unsuitable for conservative retirees and inexperienced investors.
Not only that, but this Denver, CO retiree made it clear from the start that she was not interested in taking on any undue risk because her assets were for retirement. In her FINRA lawsuit, she states that the Respondent assured her that Inspired Healthcare Capital DSTS were safe, secure, and guaranteed by Inspired.
In her FINRA lawsuit, she is alleging unsuitability, excessive concentration, misrepresentations and omissions, breach of fiduciary duty, a disregard of best interests, negligence, grossly negligent behavior, breach of contract, and more.
Our Client contends that Great Point Capital never fully explained the risks involved in DSTs, which are Regulation D private placement offerings and should only be sold to accredited, experienced investors.
Now, with Inspired Healthcare Capital suspending offerings and redemptions, investors have been left with serious losses.
Not only that, but there were layers of fees involved that ended up costing this retiree. She was charged a Dealer Management Fee of 1%, a Broker-Dealer Allowance of 1%, a Wholesaling Fee of 1.5%, a Marketing Expense Fee of 3%, and a 6% commission to her Great Point Capital broker. That’s a total of 12.5% in fees. This investor was also unsuitably recommended another private placement DST, adding more unnecessary exposure.
Our Client is looking at a near total loss of principle.
Why Hire Our Trusted Inspired Healthcare Capital Loss Lawyers?
Shepherd Smith Edwards and Kantas Inspired Healthcare Capital Loss Lawyers, are continuing to file FINRA lawsuits against the broker-dealers that unsuitably recommended and sold Inspired Healthcare Capital DSTs to customers. FINRA arbitration is where such disputes are brought. We are experienced in representing Delaware Statutory Trust investors.
We understand the complex nature of these Reg D offerings and how brokers end up placing customers at a huge risk of loss when they sell these investments to inexperienced investors. As an Inspired Healthcare Capital investor, you want to work with a seasoned securities law firm that has the knowledge, skills, and resources to maximize your chances for a full recovery.
Call (800) 259-9010 or fill out this online contact form to schedule your free case consultation.