Delaware Statutory Fraud Attorneys

Our Delaware Statutory Fraud Attorneys Are Representing This Middle-Aged Investor

Shepherd Smith Edwards and Kantas Delaware Statutory Fraud Attorneys (investorlawyers.com) are representing a Costa Mesa, CA Claimant who is suing Emerson Equity and financial advisor Dominic Julio Baldini for up to $500,000 over losses he sustained in Versity Investments (KNA Crew Enterprises).

The investor is a middle-aged businessman who entrusted a healthy amount of his savings and retirement money to the brokerage firm. Unfortunately, instead of receiving prudent investment advice from the Respondents, it was allegedly unsuitably recommended that he place his money in risky Delaware Statutory Trusts (DSTs) from Versity Investments.

The alternative asset firm, which managed student housing and multi-family properties close to colleges in almost a dozen US states, is no longer in operation. Its top executives are accused of allegedly running a $56M investment scam.

Versity DSTs are unrated investments that required a $50,000 minimum to be able to invest. Meanwhile, the broker-dealers that sold Versity Investments DSTs were paid a multi-layer of fees of up to 9.29%.

DSTs are illiquid, speculative, high-risk, privately traded vehicles involved in real estate ventures. Emerson Equity placed the Claimant’s money in two Versity securities, overconcentrating his money in the one issuer.

In his FINRA lawsuit, this California investor is also alleging the misrepresentations and omissions of the risks, Regulation Best Interest violations, the failure to supervise, breach of fiduciary duty, negligence, breach of contract, breach of fiduciary duty, and more.

This Claimant worked with Emerson Equity broker Doug Zator, who is not a respondent in the FINRA lawsuit. Dominic Baldini, however, is a Respondent in his role as control person. He is also named in other DST recovery claims against this broker-dealer.

Representing DST Loss Recovery Investors Against Emerson Equity

Shepherd Smith Edwards and Kantas Delaware Statutory Fraud Attorneys are representing Versity Investment investors and Inspired Healthcare Capital (IHC) investors who were unsuitably sold these two alternative asset companies’ DSTs by Emerson Equity.

We also have sued this broker-dealer on behalf of investors who suffered other kinds of investment losses, including those involving GWG Holdings L Bonds.

When you work with us, you are retaining seasoned Delaware Statutory Fraud Attorneys with more than 100 years of collective experience fighting for investors in arbitration, mediation, and litigation. This is not the kind of investor lawsuit you want to file without a knowledgeable securities firm representing you.

Contact Our Delaware Statutory Fraud Attorneys Today

More than 90% of our clients have secured full or partial financial recovery due to our skilled and dedicated efforts. Call (800) 259-9010 or fill out this online form to schedule your free initial case consultation.