Claimant Alleges She Was Unsuitably Recommended IHC Delaware Statutory Trusts

The Shepherd Smith Edwards and Kantas FINRA Law Firm is representing a Yorba Linda investor in a lawsuit against Kingswood Capital Partners and broker Paul Sangyop Lee over losses in Inspired Healthcare Capital. The claim alleges that the firm unsuitably recommended these risky, illiquid DSTs to a near-retiree while failing to disclose nearly $100 million in commissions paid to brokers.

Shepherd Smith Edwards and Kantas (investorlawyers.com)  is representing a Yorba Linda, CA investor in her Inspired Healthcare Capital (IHC) loss recovery claim. She is suing Kingswood Capital Partners and broker Paul Sangyop Lee for up to $100K in damages.

This investor contends that rather than receive prudent investment advice, Respondents unsuitably recommended the Inspired Healthcare Capital Liquidity Fund,  which was too risky and illiquid for a near retiree like her.

Our Client met broker Paul Lee at a retirement workshop. She says she made it clear there should be no undue risk, and the Respondents assured her that all the products they would recommend, including the IHC series of Funds and DSTs, were safe, secure, and guaranteed. This investor contends that the broker-dealer and its financial advisor did not fully explain the up to 12.5% in commissions and fees they would earn from selling IHC.

In her Inspired Healthcare Capital recovery case, this Claimant is alleging unsuitability, misrepresentations, negligence, violation of Regulation best interest, fraud, overconcentration, failure to supervise, breach of contract, breach of fiduciary, securities statute violations, and more.

During his sixteen years in the industry, Broker Paul Sangyop Lee has worked at 12 different firms.

Why Should Inspired Healthcare Capital Investors Sue Their Brokers?

IHC filed for Chapter 11 Bankruptcy protection earlier this year.  The assisted living developer is undergoing court-supervised restructuring, including the management of its $1B to $10B in liabilities. The US Securities and Exchange Commission (SEC) is investigating this company and its related entities.

• If you are an Inspired Healthcare Capital investor who is trying to get your money back, know that full financial recovery is unlikely through any bankruptcy proceedings.
• Brokers that sold IHC Funds and DSTs are now under scrutiny for failing to fully disclose all of the multi-layer of fees they stood to earn from the sales.
• There are concerns that financial advisors ignored customers’ best interests by marketing and selling Inspired Healthcare Capital.
• Suing your broker for misconduct can increase your chance for full financial recovery rather than going after the issuer of the investment involved.

Explore Your Legal Options With Shepherd Smith Edwards and Kantas

• Seasoned securities lawyers with more than 100 years of combined experience in the industry.
• Already representing dozens of other Inspired Healthcare Capital investors against brokerage firms.
• Experienced in maximizing investors’ chances for financial recovery in FINRA arbitration, litigation, and mediation.

Call (800) 259-9010 or contact us online to ask for your free case consultation.