Why Are Brokerage Firms That Sold Versity DSTs To Investors Under Scrutiny?

Published on: July 25, 2026 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas FINRA Lawyers Have Filed Many FINRA Lawsuits Over This Matter

Investors in Versity Delaware Statutory Trusts (DSTs) are facing significant financial losses following over $56 million in investment fraud allegations against Versity Investments/Crew Enterprises executives. To help victims recover their funds, FINRA lawyers at Shepherd Smith Edwards and Kantas are filing arbitration claims against the brokerage firms that unsuitably marketed and sold these high-risk offerings.

With the over $56M in investment fraud allegations hanging over Versity Investments/(NKA) Crew Enterprises, Shepherd Smith Edwards and Kantas FINRA Lawyers (investorlawyers.com) continues to be inundated with inquiries from Versity investors trying to figure out how they can get their money back. If you would like to explore your legal options, contact us today to request your free case assessment.

Did You Know That Spartan Capital, Which Sold Atlas Funds, Meets Criteria of “Restricted Firm” Because of Alleged Risks To Investors?

Published on: July 21, 2026 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Is Investigating

Shepherd Smith Edwards and Kantas is investigating broker-dealer Spartan Capital Securities following FINRA complaints highlighting high-risk firm practices, severe trading costs, and the unsuitable sale of $24 million in illiquid Atlas Fund private placements. Due to major conflicts of interest, undisclosed markups, and misrepresentations tied to these pre-IPO investments, affected investors are being encouraged to explore legal recovery options.

For some time now, our securities law firm has been investigating claims of investor losses by customers of Spartan Capital Securities. Our scrutiny of this broker-dealer has only increased in the wake of allegations that its CEO, John Lowry, who also runs Atlas Fund Management, compelled the firm to unsuitably recommend and sell $24M in unregistered Atlas Fund private placements to 191 investors. Most of them were retail customers.

Shepherd Smith Edwards and Kantas Is Investigating Brokerage Firms That Sold Versity DSTs

Published on: June 2, 2026 | by Shepherd Smith Edwards & Kantas, LLP

Brokers Under Fire Over Allegedly Unsuitable Investment Recommendation of These Regulation D Offerings

Shepherd Smith Edwards and Kantas is investigating brokerage firms that unsuitably sold risky, illiquid Versity Investments Delaware Statutory Trusts (DSTs) to retail investors and retirees. The alternative asset firm faces allegations of a $56 million investment fraud, prompting the law firm to file FINRA arbitration claims to recover significant investor losses.

Shepherd Smith Edwards and Kantas FINRA Arbitration Attorneys (investorlawyers.com) are continuing to investigate the brokerage firms that sold Delaware Statutory Trusts (DSTs) from Versity Investments (NKA Crew Enterprises), including the following:

Investor Wins More Than $1.2M In Her Variable Annuity Case Against UBS Financial Services

Published on: May 21, 2026 | by Shepherd Smith Edwards & Kantas, LLP

FINRA Arbitration Panel Finds Broker-Dealer Liable For Compensatory Damages and Other Costs

A FINRA arbitration panel ordered UBS Financial Services to pay a widow over $1.2M in compensatory damages and costs after ruling that the firm was liable for losses sustained in her variable annuity case. The law firm Shepherd Smith Edwards and Kantas highlights this victory to demonstrate how their experienced FINRA Attorneys can help investors recover losses caused by broker misconduct and negligence.

UBS Financial Services must pay a widow more than $1.2M after a FINRA arbitration panel ruled in the Claimant’s favor. She had sued the brokerage firm over losses in a variable annuity that she bought using her retirement money.

UBS Must Pay $92M FINRA Arbitration Award Over Unsuitable High-Risk Tesla Short Strategy, Says Judge

Published on: May 18, 2026 | by Shepherd Smith Edwards & Kantas, LLP

FINRA Awards Are Considered Final, Which Is Why Investors Should Hire Seasoned FINRA Attorneys To Represent Their Case

A federal judge recently upheld a $92M arbitration award against UBS, reinforcing the reality that FINRA decisions are final and extremely difficult for brokerage firms to vacate. To navigate this high-stakes legal forum, investors should retain seasoned FINRA Attorneys who understand how to secure and protect multi-million dollar recoveries.

U.S. District Judge Stephanie M. Rose rejected UBS Financial Services’ efforts to vacate a $92M Financial Industry Regulatory Authority (FINRA) arbitration award imposed against the brokerage firm after several of its customers sued over what they contend was an unsuitable, aggressive, short-selling strategy involving Tesla (TSLA) stock.

Are You An Investor Who Suffered Costly Losses While Working With Former Stifel Broker Jonathan Webster?

Published on: February 10, 2026 | by Shepherd Smith Edwards & Kantas, LLP

The Shepherd Smith Edwards and Kantas FINRA Arbitration Law Firm Is Investigating Former Stifel Broker Jonathan Webster

If you sustained serious losses from costly brokerage trades made by ex-Stifel, Nicolaus, & Co. financial advisor Jonathan Mark Webster, contact Shepherd Smith Edwards and Kantas (investorlawyers.com). Webster, a longtime broker of nearly 39 years who was fired by the broker-dealer in 2024, was just suspended by the Financial Industry Regulatory Authority (FINRA) for seven months. He allegedly made trades for 19 clients, including at least 13 seniors, using commission-based brokerage accounts instead of advisory accounts that were fee-based and less costly.

The self-regulatory organization (SRO) contends that from November to December 2023, Webster made this unsuitable recommendation. He allegedly effected a short-term strategy that involved buying stocks in the commission-based accounts. This was a 10-stock approach based on the “January effect,” in which he would buy stocks in December and sell them in January so as to make money from the rise in price he predicted was going to happen. FINRA said that Webster bought the same exact 10 stocks for each of the customers in their brokerage accounts.

FINRA Arbitrator Lawyers

Published on: May 7, 2024 | by Shepherd Smith Edwards & Kantas, LLP

GWG L Bonds Unsuitable For “Perhaps Anyone” Declares FINRA Arbitrator. Investor Awarded Almost $100K Against Greenberg Financial Group

The FINRA arbitrator who ordered brokerage firm Greenberg Financial Group and its longtime financial advisor David Michael Sherwood to pay $102K (including damages, fees, and interest) to a claimant called GWG L Bonds “not a suitable investment for the {client} or perhaps anyone.” These high-risk junk bonds, issued by GWG Holdings, were marketed and sold by approximately 40 regional brokers to retail investors, including retirees and seniors, all over the United States.

GWG, which filed for Chapter 11 bankruptcy protection in 2022, is accused of operating a more than $1.6B Ponzi scam. Meanwhile, L Bond investors, who thought they were buying into safe life settlement bonds, have found themselves with significant losses.

Annuity Loss Attorneys

Published on: August 1, 2023 | by Shepherd Smith Edwards & Kantas, LLP

I’m A CB Life Annuity Investor. Can I Sue My Citizens Securities Broker For My Losses?

Brokerage Firm Allegedly Sold Colorado Bankers Life Insurance Annuities To Retirees and Seniors

If you are one of the tens of thousands of investors whose funds have been frozen in a CB Life annuity from Colorado Bankers Life Insurance, you may be able to sue your broker-dealer for your losses. Dozens of brokerage firms are believed to have sold this financial product to investors, many of them older investors and retirees. The insurer remains in rehabilitation.

Illinois FINRA Attorneys

Published on: May 1, 2023 | by Shepherd Smith Edwards & Kantas, LLP

From Our Chicago Securities Law Offices, our Illinois FINRA Attorneys Represent Investors Against Broker-Dealers

For more than 30 years, Shepherd Smith Edwards, and Kantas (investorlawyers.com) have been fighting for investors throughout Illinois in helping them to pursue the damages they are owed from the brokerage firms that caused their investment losses. This includes representing them in FINRA arbitration, which is where such claims against broker-dealers and their registered representatives are usually brought.

Our trusted Illinois FINRA law firm knows how devastating it can be to suffer serious portfolio losses, which is why we are here to help. We work with retail investors, retirees, senior investors, accredited investors, high-net-worth individual investors, ultra-high-net-worth individual investors, and institutional investors that were the victims of broker misconduct or negligence.

New York FINRA Attorneys

Published on: April 3, 2023 | by Shepherd Smith Edwards & Kantas, LLP

New York FINRA Attorneys Representing Investors Against The Largest Broker-Dealers on Wall Street

Shepherd Smith Edwards and Kantas (investorlawyers.com) represent New York investors and others against broker-dealers all over the state, including the biggest Wall Street firms. In addition to our Buffalo securities law office, we have branch offices throughout the United States.

If you live in the Empire States and would like to explore your legal options, contact our seasoned Buffalo FINRA attorneys today to request your free, no-obligation case consultation.