Houston, Tx Investor Who Suffered Losses in Inspired Healthcare Capital DSTs Sues Kingswood Capital Partners and Broker John Balmer. Our Texas Private Placement Loss Lawyers Are Representing This Claimant In FINRA Arbitration
Shepherd Smith Edwards and Kantas (investorlawyers.com) has filed yet another FINRA lawsuit on behalf of an investor that we believe worked with a broker-dealer that unsuitably recommended that they invest in Inspired Healthcare Capital (IHC). This time, the claimant is a Houston investor who is pursuing up to $500K in damages from Kingswood Capital Partners and its California financial advisor John Balmer.
This is an investor who entrusted a good portion of her savings to the Respondents. She is now alleging the unsuitable investment recommendation of IHC Delaware Statutory Trusts (DSTs). These are risky investments, which were inappropriate for someone who made it clear she did not want any undue risks and that her assets were part of her retirement.
Now, this Texas Claimant is accusing Kingswood Capital and Balmer of misrepresenting Inspired Healthcare Capital as safe, secure, and guaranteed, as well as of committing Regulation Best Interest violations, overconcentration, negligence, breach of fiduciary duty, breach of contract, failure to supervise, broker fraud, and more.
Kingswood and its broker earned high commissions for selling Inspired Healthcare Capital DSTs to this investor, who lacked the level of investing experience to understand just how risky these were for her. This Claimant is looking at a near-total loss of her entire investment principal and everything she entrusted to Kingswood.
Kingswood broker John Balmer is also a DST Wealth Management investment adviser. During his 19 years in the industry, he has been a registered representative with 15 financial firms.
Representing Inspired Healthcare Capital Investors Against Broker-Dealers
Inspired Healthcare Capital and its DSTs are involved in the healthcare industry, including senior living facilities. The alternative asset firm suspended investor distributions and investment offerings. The US Securities and Exchange Commission (SEC) is conducting a regulatory review into Inspired Healthcare Capital.
Broker-dealers and their registered representatives earned commissions and fees of up to 12.5% on Inspired Healthcare Capital DSTS. IHC investors are now looking to recoup losses in the six- and seven-figures.
If you are an Inspired Healthcare Capital investor who worked with a broker-dealer, we can help you explore your legal options. We have a thorough understanding of the roles brokerage firms and their financial advisors played in involving customers in this unregistered securities offering that should only have been offered to accredited, experienced investors. Yet even sophisticated investors may have suffered significant portfolio losses involving Inspired Healthcare Capital DSTs.
DSTs and Their Inherent Risks for Investors
Delaware Statutory Trusts are Regulation D Private Placement offerings with limited disclosures and no publicly available indication of their value. Values for DSTs are either based on an “independent” appraisal by a third party or the representations from the company itself. Pursuing investor claims involving them can be tough.
You want to work with seasoned Reg D loss attorneys who know how to build a solid claim on your behalf and can maximize your chances for a full recovery. Our securities law firm has the knowledge, experience, and skills to do just that. Over 90% of our clients have secured full or partial financial recovery because of our dedicated efforts.
Contact Our Inspired Healthcare Capital Fraud Lawyers
Call (800) 259-9010 or fill out this form to request your free case assessment.