Delaware Statutory Trust Recovery Lawyers

An octogenarian Florida retiree is suing Realta Equities and brokers Matthew Mitchell Chancey and Jacob Harvey for up to $500,000 following significant losses in a Versity Investments/Crew Enterprises Delaware Statutory Trust (DST). Represented by Shepherd Smith Edwards and Kantas, the claimant alleges the firm ignored his low-risk profile and overconcentrated his retirement funds in an unsuitable, high-commission product now linked to an alleged $56 million fraud.

Our Delaware Statutory Trust Recovery Lawyers Are Representing the Claimant in a Six-Figure FINRA Lawsuit

An octogenarian is seeking up to $500,000 in damages from Realta Equities and its brokers Matthew Mitchell Chancey and Jacob Harvey. The Claimant contends that his Realta Equities financial advisors unsuitably recommended a Versity Investments /Crew Enterprises Delaware Statutory Trust (DST) and overconcentrated his account.

Shepherd Smith Edwards and Kantas Delaware Statutory Trust Recovery Lawyers (investorlawyers.com) are representing this Florida retiree in his fight to recoup his losses. We are also representing other Versity/Crew investors against brokerage firms. If you too suspect your financial advisor was negligent or fraudulent when they marketed and sold you a Versity Investments/Crew Enterprises DST, contact us today to request your free case consultation.

Why Is This Retiree Suing Realta Equities Over Its Versity/Crew Delaware Statutory Trust Losses?

This was an investor who was inexperienced with DSTs. He relied on his Realty Equities brokers to properly manage his assets. The elderly customer made it clear from the start that he did not want any undue risks to his retirement funds. Respondents assured him that they conducted the proper due diligence, and the products they offered, including Versity DSTs, were relatively safe. Since then, Versity has ceased functioning. Its leadership is accused of a $56M fraud that allegedly involved misappropriating investors’ money.

Our Client has sustained serious losses. Meanwhile, Realta Equities and its financial advisors made money off him through a multi-layer of fees that totaled 9.29.5% of his investment. Now, in his FINRA lawsuit, this retiree is alleging unsuitability, misrepresentations and omissions, overconcentration, Regulation Best Interest violations, breach of fiduciary duty, misrepresentations and omissions, negligence, and more.

What Is Versity/Crew Enterprises, And Why Are Investors Worried About Their Investment?

Versity Investments/Crew Enterprises is the operator of multifamily properties and student housing near a number of college campuses. Investors were supposed to make money from rents paid through their indirect ownership in Regulation D offerings, including DSTs.

Delaware statutory trusts are unsuitable for retail investors and most retirees. They should only have been marketed to accredited, experienced investors. Now, many Versity/Crew Enterprise investors are contending they were never fully apprised of the risks.

We Represent Versity/Crew DST Investors

Our Delaware Statutory Trust attorneys are representing investors who say they were blindsided by their investment losses in this Regulation D offering. While brokers may not have had anything to do with the alleged fraud, they should have done a more thorough job of properly vetting this investment and making sure it was as safe and low-risk as it claimed to be.

If you are a Versity/Crew Enterprises DST Investor, ask yourself:

Do you think that this was an appropriate recommendation given your age, risk tolerance level, and financial goals?
Did your financial advisor fully apprise you of the risks?

Contact Our Delaware Statutory Trust Recovery Lawyers :

With over a century’s worth of collective experience in securities law and the securities industry, Shepherd Smith Edwards and Kantas has the skills, resources, and knowledge to offer our clients robust securities representation and personalized attention.

Call (800) 259-9010 or contact us online.