Inspired Healthcare Capital Fraud Attorneys

Brokers Reportedly Earned Over $100M From Selling $1.2B Of Inspired Healthcare Capital Funds and DSTs

Following the $1.2 billion bankruptcy of Inspired Healthcare Capital, the law firm Shepherd Smith Edwards and Kantas is investigating claims that brokerage firms earned over $100M in fees by unsuitably selling these risky DSTs and funds to retirees. The firm warns investors that some broker-dealers may be attempting to represent them in bankruptcy proceedings to avoid being sued for negligence and Regulation Best Interest violations.

Shepherd Smith Edwards and Kantas, Inspired Healthcare Capital fraud attorneys (investorlawyers.com) is representing many of the investors whose brokers unsuitably marketed and sold $1.2B of Inspired Healthcare Capital (IHC) Funds and Delaware Statutory Trusts (DSTs) to them. According to the assisted living developer’s recent Chapter 11 bankruptcy filing, there are 3300 Inspired Healthcare Capital Fund investors, 2,300 Inspired Healthcare Capital DST Investors, and 200 development investors.

The brokerage firms and their registered representatives that unsuitably marketed and sold IHC Funds and DSTs to investors earned a multilayer of fees. InvestmentNews reports that these payments totaled over $100M in fees and commissions. Chief restructuring officer M. Benjamin Jones stated in the bankruptcy filing that Inspired Healthcare Capital depended heavily on capital raised by different brokerage firms. Emerson Equity acted as managing broker-dealer on the IHC Funds and DSTs. It was also the sole underwriter.

Brokers Who Unsuitably Recommended Inspired Healthcare Capital Don’t Want Investors To Sue Them

Now, there are attorneys for these brokerage firms sending letters to their customers and trying to get them to agree to let the firms act on their behalf in the Inspired Healthcare Capital bankruptcy proceedings. One broker-dealer’s legal representation is contending that IHC is trying to impose $59M of fake charges on Delaware Statutory Trust Investors.

Please remember that your brokerage firm may be trying to get you on their side because they don’t want you to sue them for your IHC losses. It was brokers who unsuitably recommended Inspired Healthcare Capital to customers, many of whom were retirees and retail investors. Some financial advisor firms and their registered representatives may have earned up to 12.5% in commissions and fees.

We Represent IHC Investors Against Brokerage Firms

We believe that in many instances, negligence, breach of fiduciary duty, misrepresentations and omissions, Regulation Best Interest violations, and supervisory failures were involved in the selling of IHC DSTs and Funds. Already, Shepherd Smith Edwards and Kantas has filed a collective many millions of dollars in Inspired Healthcare Capital recovery claims in FINRA arbitration on behalf of investors who are fighting to get back their money.

How Can Your Broker Fraud Law Firm Help Me Recoup My IHC Losses?
The first step is to determine whether you have grounds for pursuing damages over your Inspired Healthcare Capital losses. The way to do this is to contact Shepherd Smith Edwards and Kantas today to request your free case consultation to assess the cause of your losses.

By now, our securities law firm is well-versed in the various Inspired Healthcare Capital private placement investments, why they failed, and what brokers may have done to warrant suing them for financial recovery.

How Can You Contact Us About Your Inspired Healthcare Capital Losses?

Our Inspired Healthcare Capital fraud attorneys have more than 100 years of experience in securities law and the securities industry. We have helped thousands of investors to recoup a collective many millions of dollars in arbitration, mediation, and litigation.

Call (800) 259-9010 or fill out this online contact form today to speak with one of our knowledgeable Inspired Healthcare Capital fraud attorneys.