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.

What Are Versity DSTs and How Have The Fraud Allegations Impacted Investors?

• These are Regulation D offerings—specifically Delaware Statutory Trusts (DTSs) —that were supposed to pool investor money into student and multi-family housing properties.
• DSTs are illiquid alternative investments that should only be sold to accredited and experienced investors.
• Versity DST investors were led to believe they would be making money through passive rental income and property appreciation. Investing in real estate properties is risky, especially because of how much the market can fluctuate.
• Versity Investments/Crew Enterprises executives are accused of stealing investor funds in an allegedly massive scam.
• Versity investors have lost money in the wake of not only these fraud allegations, but also due to declining property values, loan defaults, suspended distributions, purported defaults, and more.

• Shepherd Smith Edwards and Kantas FINRA Lawyers have filed a number of FINRA arbitration claims against brokerage firms that marketed and sold these Delaware Statutory Trusts to investors. Many of the clients we are representing are retail investors and seniors for whom this was an unsuitable recommendation.
• Versity DST investors are telling us their broker did not fully apprise them of the risks This is considered a misrepresentation or omission.
• A lot of the investors who we have spoken to claim they were not aware that brokers were getting paid a multi-layer of substantial fees every time they sold a Versity Delaware Statutory Trust.
• Regulation Best Interest violation claims are being made, with some investors alleging that their financial advisor prioritized the fees and commissions they could make over whether a Versity DST was to the benefit of the customer.
• We are also suing some brokerage firms for due diligence failures, seeing as they are supposed to investigate the products that they sell to ensure viability and safety.
• Failure to supervise, breach of fiduciary duty, negligence, and gross negligence are other claims we have made on behalf of Versity investors.

Our FINRA lawyers are investigating the following brokerage firms over Versity DST Sales:

• Aurora Securities
• Realta Equities
• Capulent
• Dempsey Lord Smith
• Lion Street Financial
• Westpark Capital
• Purshe Kaplan Sterling Investments
• IBN Financial
• Cape Securities
• Stonecrest Capital Markets
• Many others.

 What Do I Need To Know About Suing My Broker Over My Versity DST Losses?

• Do NOT try to resolve your concerns directly with your financial advisor. This could hurt your chances for getting your money back in the long run.
• You will need to make your claim in FINRA arbitration. That is because you likely signed a predisposed arbitration clause agreeing to bring any disputes with your brokerage firm to this legal forum.
• You will want to be represented by a seasoned securities law firm that knows how to fight for you while protecting your legal rights.

Contact Us Today About Your Versity Investment Losses

Call our FINRA Lawyers at (800) 259-9010 today.