Inspired Healthcare Capital Lawsuit

Inspired Healthcare Capital Investors Sue LightPath Capital & Broker Paul Getty For Up To $1,000,000

Our Private Placement Loss Attorneys Are Representing This California Couple In FINRA Arbitration

Two retirees have filed an investment loss recovery claim over losses they sustained in Inspired Healthcare Capital (IHC) against LightPath Capital and its former financial advisor, Paul Getty. The claimants contend that they were unsuitably concentrated in IHC Delaware Statutory Trusts (DSTs) and Real Estate Investment Trusts (REITs). They suffered significant portfolio losses and are now suing for up to $1M in damages. Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing these investors in their FINRA lawsuit.

This California couple, both inexperienced investors, entrusted their life and retirement savings to the Respondents. Now, the Claimants are alleging that LightPath Capital and Getty misrepresented and unsuitably recommended Inspired Healthcare Capital as safe and secure before overconcentrating their account with these illiquid, real estate-related private placements. Meanwhile, these retirees were continually assured that all was well.

LightPath Capital and Getty earned a lot of money from our clients, who paid a 6% sales commission, a 1% Dealer management Fee, a 1% Broker-dealer allowance, a $1.5% Wholesaling fee, and a 3% Marketing expense. That’s a 12.5% total.

In their Inspired Healthcare Capital loss claim, these retiree investors are alleging unsuitability, excessive concentration, misrepresentations and omissions, negligence, breach of fiduciary duty, breach of contract, a failure to supervise, Reg Best Interest violations, and more.

Other Former Customers of Broker Paul Getty Filed Real Estate Private Placement Loss Cases

According to Paul Getty’s CRD, he has worked 10 years in the brokerage industry in California. Five other Customer Disputes are listed, including at least three other real estate private placement claims that were settled for over $130,000, more than $379,000, and $25,000, respectively.

The two other investor lawsuits noted that remain pending include a six-figure securities arbitration case brought by another elderly claimant and a six-figure misrepresentations and omissions lawsuit.

Paul Getty is now an Emerson Equity registered representative. It should be noted that we have already filed two seven-figure Inspired Healthcare Capital investor loss lawsuits against that broker-dealer involving other financial advisors.

Why Are Inspired Healthcare Capital Investors Now Suing Their Brokers?

This private equity and alternative investment sponsor acquires and runs senior living and healthcare facilities. It stopped investor distributions and suspended investment offerings. Inspired Healthcare Capital is under regulatory investigation by the US Securities and Exchange Commission (SEC).

Private placements, such as DSTS and REITs, are privately traded products that pay high commissions compared to traditional investments. These are usually unregistered securities that should only be offered to a limited pool of accredited, experienced investors. Private placements usually are entities with a limited track record that offer limited disclosures regarding internal finances and values.

Why Should You Hire Our Inspired Healthcare Capital Fraud Attorneys?

Shepherd Smith Edwards and Kantas has been investigating the broker-dealers that unsuitably marketed and sold IHC investments to investors. We are well-versed in what went wrong and how many brokerage firms appear to have enriched themselves, even as many investors are now claiming serious portfolio losses.

Representing investors for 35 years, our trusted securities law firm has the resources, skills, and experience to take on even the most complex kinds of investor lawsuits in arbitration, mediation, and litigation. We have helped thousands to collectively recoup many millions of dollars from the broker-dealers and investment advisers that were liable.

Contact Our Inspired Healthcare Capital Lawsuit Attorneys Today:

Call (800) 259-9010 or fill out this online form to schedule your free case consultation.