Inspired Healthcare Capital Recovery Lawyers

Shepherd Smith Edwards and Kantas is filing FINRA arbitration claims against Emerson Equity and broker Robert Scott Smith following the Chapter 11 bankruptcy of Inspired Healthcare Capital (IHC). The lawsuits allege that the firm unsuitably recommended risky, illiquid Delaware Statutory Trusts to retirees, leading to significant overconcentration and the loss of life savings.

Shepherd Smith Edwards and Kantas Represents IHC Fund and DST Investors Against This Brokerage Firm and Others

In the wake of Inspired Healthcare Capital’s (IHC) recent bankruptcy filing, Shepherd Smith Edwards and Kantas (investorlawyers.com) is continuing to file investment loss recovery claims on behalf of IHC investors that suffered losses in this alternative investment. This includes a six-figure FINRA arbitration claim against brokerage firm Emerson Equity, its control person Dominic Julio Baldini, and broker Robert Scott Smith.

This particular Inspired Healthcare Capital investor lawsuit involves a California couple, two near-retirees in their sixties, who entrusted part of their retirement and life savings to Emerson Equity and its financial advisors. Unfortunately, instead of getting good investment advice, the Respondents unsuitably recommended IHC Delaware Statutory Trusts, which are privately traded, illiquid, risky, and particularly bad for retirees. This was an unsuitable investment recommendation, which the broker-dealer and its team proceeded to overconcentrate the Claimants’ account with. This violates their best interests, not to mention that we believe misrepresentations and omissions were made.

In their IHC loss lawsuit, these investors are also alleging negligence, breach of fiduciary duty, breach of contract, vicarious liability, and more. Meanwhile, Emerson Equity earned up to 12.5% commissions and likely also generated fees from being the sole underwriter of Inspired Healthcare Capital investments.

If you are an Inspired Healthcare Capital investor who wants to explore your legal options, contact our IHC loss attorneys today. We can discuss this with you during a free, no-obligation case assessment.

Emerson Equity Broker Robert Smith Has Been Involved in More Than A Dozen Customer Disputes

Oregon financial advisor Robert Scott Smith has worked in the industry for 39 years. Smith’s BrokerCheck CRD notes 16 customer disputes, many of which were either settled or are pending. His other customers have made similar broker misconduct allegations as the ones in this latest lawsuit.

Why Are Inspired Healthcare Capital Investors Suing Their Brokers?

This is a private equity firm that specializes in owning, running, and developing senior housing spaces. When IHC filed for Chapter 11 bankruptcy, it listed $1B – $10B in liabilities. That the alternative asset company has financial woes is no surprise, considering that it suspended investor returns and new offerings awhile back. Not only that, but Inspired Healthcare Capital is under investigation by the US Securities and Exchange Commission (SEC).

Often, with bankruptcy proceedings, the chances of investors getting their money back are incredibly low. But what IHC investors can do is speak to one of our skilled securities lawyers so we can assess whether unsuitability, Reg Best interest violations, negligence, overconcentration, a failure to supervise, or other broker misconduct was involved. Any of these could warrant grounds for pursuing damages from your financial advisor and their firm.

How Can Our Inspired Healthcare Capital Recovery Lawyers Help?

Inspired Healthcare Capital Funds and Delaware Statutory Trusts were always unsuitable for retirees and retail investors. One can’t help but wonder whether the fees financial advisors stood to earn played a higher priority than making sure that selling IHC to retail customers and others was good advice.

Shepherd Smith Edwards and Kantas is representing many IHC investors against Emerson Equity and other firms that sold this illiquid investment. We know why brokers should be held liable. Our securities law firm has the knowledge, experience, and skills to give everyone we work with their best chance at financial recovery.

Call (800) 259-9010 or contact us online today.