Delaware Statutory Trust Lawyers

Our Delaware Statutory Trust Lawyers Are Representing This Couple in Their Six-Figure FINRA Lawsuit

Shepherd Smith Edwards and Kantas Delaware Statutory Trust Lawyers (investorlawyers.com) are representing two more Inspired Healthcare Capital (IHC) investors against brokerage firm Emerson Equity and its control person, Dominic Julio Baldini. Also, a respondent in this investment loss recovery claim is Emerson Equity broker Peter Po.

Our clients, a Union City, CA couple, are two retired seniors in their late sixties who entrusted a substantial portion of their retirement savings to this broker-dealer. However, rather than giving them prudent investment advice that was in line with these investors’ desire not to expose their assets to undue risk, the Respondents unsuitably recommended risky products, including Inspired Healthcare Capital Delaware Statutory Trusts (DSTs). This type of vehicle invests in real estate ventures and is usually a startup. They are illiquid and cannot be resold. They are a particularly bad investment choice for retirees. Not only that, but the Claimants contend that the Emerson Equity broker that they worked with overconcentrated their account with these IHC DSTs.

The investors were reassured that these Delaware Statutory Trusts, which are private placements/ Reg D offerings and should only be sold to accredited and experienced investors, were relatively safe, secure, and guaranteed–never mind that IHC was a fairly new, untested entity with a short track record. Also, these California seniors contend, Emerson Equity and its registered representatives never fully explained the extreme risks involved with investing in DSTs or the multi-layer of fees of up to 12.5% they would have to pay.

Inspired Healthcare Capital, a senior living private equity firm, is now under regulatory investigation by the US Securities and Exchange Commission (SEC). It has suspended investor distributions, and this year it was sued for an alleged $1.5M loan default and for allegedly concealing $200M In CEO guarantees. Meanwhile, the broker-dealers that profited greatly from selling Inspired Healthcare Capital DSTs are under scrutiny over allegations of unsuitability, misrepresentations and omissions, excessive concentration, Regulation Best Interest (REG BI), violations, breach of fiduciary duty, negligence, and more.

Emerson Equity acted as underwriter and sole marketer of all IHC investments. California broker Peter T. Po has been a registered representative with this broker-dealer since 2024. However, he has worked 26 years in the industry. Peter Po’s BrokerCheck CRD notes 28 disclosures, including 27 customer disputes that were either settled or remain pending. Most of these claims were filed after 2020. Peter Po’s former customers have made a number of allegations, including breach of contract, breach of fiduciary duty, gross negligence, failure to supervise, and more.

This is not the first time Shepherd Smith Edwards and Kantas has represented an investor in a FINRA lawsuit against Po. Two GWG L Bonds investors filed a six-figure case against Ni Advisors for their losses and named its now former broker, Peter Po, as one of the respondents.

How Can Our Inspired Healthcare Capital Loss Attorneys Help

We are representing many investors in their IHC recovery lawsuits against Emerson Equity and other broker-dealers. If we decide to work together, you will become part of our unit of claims against this brokerage firm, which can only maximize your chances for a full recovery. You want to work with trusted Delaware Statutory Trust Lawyers who understand what these investments are and why your broker and their brokerage firm should be held liable.

Call our Delaware Statutory Trust Lawyers at (800) 259-9010 or contact us online so that we can help you explore your legal options.