Following IHC’s Bankruptcy Filing, Our Delaware Statutory Trust Lawyers Are Continuing To Represent Many Investors Against This Brokerage Firm
If you are an Inspired Healthcare Capital (IHC) investor who was hoping to get your money from your investment back from this alternative asset firm, know that it is highly unlikely, given that IHC has just filed for Chapter 11 bankruptcy protection. What you can do, however, is explore your legal options with one of our skilled IHC Delaware Statutory Trust lawyers to determine whether you have grounds for suing the financial advisor who sold you this alternative investment. Contact the Securities Law Firm of Shepherd Smith Edwards and Kantas (investorlawyers.com) today.
Already, we have filed another investment loss recovery claim on behalf of investors seeking to recoup losses in Inspired Healthcare Capital Delaware Statutory Trusts (IHC DSTs). The claimants are Southern California investors in their 50s. They are seeking up to $500,000 damages from Emerson Equity, which is the managing broker-dealer and underwriter of these Regulation D offerings. Also, Respondents in this IHC loss lawsuit are Emerson Equity control person Dominic Julio Baldini and California broker Gabriel Candea.
The Claimants, both near retirees, entrusted a substantial amount of their retirement money and life savings to Emerson Equity and its financial advisors. They are accusing the Respondents of making unsuitable investment recommendations, concentrating their account with Inspired Healthcare Capital, making misrepresentations and omissions, disregarding their best interests, breaching their contract, breaching their fiduciary duty, self-dealing, vicarious liability, the failure to supervise, and more.
These were inexperienced investors whose money was placed in these unregulated, risky investments that were inappropriate for them from the start. Meanwhile, Emerson Equity and its registered representatives earned up to 12.5% in commissions, perhaps even more because the firm also acted as underwriter.
Emerson Equity financial advisor Gabriel Candea’s BrokerCheck CRD notes at least one other customer dispute involving him that was filed last year. That Claimant is alleging unsuitability, Regulation Best Interest violations, and more. He has worked for five years in the industry.
I Lost Money In Inspired Healthcare Capital. How Can Your Securities Law Firm Help?
The Shepherd Smith Edwards and Kantas Securities Law Firm has filed a number of investor lawsuits on behalf of those who have sustained losses in IHC DSTs against different brokerage firms. Delaware Statutory Trusts should only be sold to accredited investors. While a Chapter 11 bankruptcy filing would cancel lawsuits against Inspired Healthcare Capital, any claim you choose to file against your broker-dealer and their registered representative won’t be negatively impacted. If anything, the fact that the alternative asset firm is now defunct is even more reason to scrutinize what your broker’s actions.
DST investment loss claims can be complex legal cases. You want to work with a seasoned securities law firm that knows how to secure successful outcomes.
If you are an IHC Delaware Statutory Trust investor, reach out to us today to request your free, no-obligation case consultation. More than 90% of our clients have obtained full or partial financial recovery through our skilled and dedicated efforts. Call our Securities Law Firm at (800) 259-9010 or contact us online.