California Retirees That Sustained Inspired Healthcare Capital Losses Sue Aurora Securities.

California Retirees That Sustained Inspired Healthcare Capital Losses Sue Aurora Securities. Broker Austin Bowlin Is A Respondent in This DST Fraud Lawsuit

Two investors are suing Austin Securities and financial advisor Austin A. Bowlin for up to $1,000,0000 after suffering losses in Inspired Healthcare Capital (IHC) Delaware Statutory Trusts (DSTs). Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing this retired couple in pursuing damages through Financial Industry Regulatory Authority (FINRA) arbitration.

The Claimants contend that Aurora Securities and Bowlin unsuitably recommended risky products, including IHC DSTs. This type of investment vehicle is often involved in real estate ventures and is usually a start-up. Inspired Healthcare Capital is heavily invested in the senior housing space.

The fact that DSTs are privately traded investments makes them particularly bad for retirees, in part because these are illiquid products and cannot be sold. It didn’t help that the Respondents appear to have overconcentrated a significant chunk of this couple’s retirement money and life savings in IHC.

This entity is now under regulatory investigation by the US Securities and Exchange Commission (SEC), and it has suspended its DST offerings and investor distributions.

Our clients are alleging that Aurora Securities and Bowlin made misrepresentations when they assured them that IHC DSTs were relatively safe, secure, and guaranteed. These are two investors who made it clear that they did not want undue risk. Also, this couple was never fully informed about the extreme risks involved in DSTs or the multiple layers of fees that would have them paying up to 12.5%.

In their FINRA lawsuit, the Claimants are also alleging Reg BI violations, due diligence failures, a failure to diversify, a breach of fiduciary duty, the failure to supervise, negligence, gross negligence, negligent misrepresentation, breach of contract, unjust enrichment, and more.

Austin Bowlin, who is based out of Portland, Oregon, is also a Secure Asset Management investment adviser.

How Can Our Inspired Healthcare Capital Loss Attorneys Help?

Shepherd Smith Edwards and Kantas is representing many of the investors who suffered losses in Inspired Healthcare Capital against their broker-dealers. We are a well-respected, highly skilled, and experienced securities law firm. Over the years, we have secured financial recovery for many alternative investment investors, including those who lost money in DSTs and other Reg D offerings.

Contact Us Today:

To get started, call our Inspired Healthcare Capital Loss Attorneys at (800) 259-9010 or fill out this online form for your free case consultation to determine whether you have grounds for an IHC loss lawsuit to recoup your losses. Because we work on a contingency basis, if we agree to work together, you would only pay us for our securities law services if we won an award or negotiated a settlement for you.