Private Placement Fraud Attorneys

Did Ex-International Assets Advisory Stockbroker Sean Casterline Sell You Tuscan Gardens Growth and Income Fund Securities?

Our Skilled Broker Fraud Attorneys Are Investigating Investor Losses in This Reg D Offering

Shepherd Smith Edwards and Kantas (investorlawyers.com) is continuing to speak to former customers of former Florida financial advisor Sean Casterline who suffered losses in the Tuscan Gardens Growth and Income Fund. Casterline, was most recently a Delta Securities broker, and before that he was registered with International Assets Advisory. He worked in the industry for 19 years but was suspended by the Financial Industry Regulatory Authority (FINRA) for 18 months in December 2021 for allegedly selling away what is believed to be about $1.5M of membership units in this Fund to customers. Casterline purportedly did this without obtaining his broker dealer’s written approval.

Not only that, but the ex-Florida financial advisor reportedly was the Managing Director of Private Equity for the Fund, which was raising money to develop and run senior living facilities—a potential conflict of interest. Meanwhile, his sale of Tuscan Gardens Growth and Income Fund to investors resulted in him receiving over $116K in commissions.

Reg D Private Placement Offerings Are High-Risk Investments 

Tuscan Gardens Growth and Income Fund reportedly submitted a Form D to raise investor funds in 2018 in a purported $25M offering. Regulation D private placement offerings tend to be high-risk, illiquid investments, and they are generally unsuitable for most retail investors, conservative retirees, and inexperienced investors. In fact, they should only be recommended to accredited investors that meet certain income criteria and are experienced in investing. In some cases, they may even be unsuitable for wealthy, sophisticated investors.

Already, at least one investor has filed a broker fraud lawsuit seeking $175K in damages. The claimant accused then Delta Security’s financial advisor Casterline of misappropriating their money.

If You Suffered Tuscan Gardens Growth and Income Fund, which was marketed to you by Sean Casterline or another broker, our skilled Regulation D investment loss lawyers can help you determine whether you have grounds for a claim.

Why You Need To Be Represented By Seasoned Private Placement Fraud Attorneys

If you do file a broker fraud lawsuit, you want to make sure you retain the services of experienced securities lawyers that are knowledgeable about private placements. These are complex investments that are hard to sell once you’ve purchased them and most are unregistered, which means that they likely are not very regulated. Brokerage firms are supposed to exercise great due diligence when marketing and selling them to customers.

 

Shepherd Smith Edwards and Kantas work with investors who have sustained serious Reg D private placement losses that were caused by broker fraud. Whether due to unsuitability, selling away, overconcentration, misrepresentations or omissions, failure to supervise, or negligence were factors, if you do have grounds for suing your broker-dealer, and you retain our securities firm, we will provide you with quality representation and personal attention.

With over 100 years of combined experience in securities law and the securities industry, we have represented investors from all walks of life in every kind of investor loss claim. More than 90% of our clients have received full or partial financial recovery with our help.

How To Contact Our Tuscan Gardens Growth and Private Placement Fraud Attorneys

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