Due Diligence Failures May Have Been Involved When Your Financial Advisor Marketed and Sold You This Regulation D Offering

Shepherd Smith Edwards and Kantas is investigating brokerage firms that unsuitably sold high-risk, illiquid Versity Delaware Statutory Trust (DST) Regulation D offerings to retail investors and retirees. The law firm is helping affected investors pursue FINRA arbitration claims to recover their financial losses based on allegations of due diligence failures, misrepresentations, and supervisory lapses.

If you are an investor who suffered losses in a Versity Delaware Statutory Trust (DST), the Shepherd Smith Edwards and Kantas Regulation D Offering Attorneys (investorlawyers.com) can help you explore your legal options. Now called Crew Enterprises, this entity is embroiled in allegations of a massive $56M investor fraud. While a New York Court threw out fraud claims in a lawsuit filed by KHCA Funding and Knights Hill Ireland II against the alternative investment company, its related entities, and a number of top executives, the Defendants were not cleared of any misconduct allegations.

Why Is the NY Court’s Ruling in This Versity Enterprises Lawsuit Important to Versity DST Investors?

• For some time now, Versity/Crew Enterprises DST investors have been worried about their money in the wake of performance issues, distribution suspensions, and more. Seeing as the Court did not rule on whether any misappropriation of funds occurred, allegations regarding how money was used may still be a concern.
• This means that there may be grounds for Versity DST investors to sue their brokers over allegedly unsuitable investment recommendations, misrepresentations and omissions of the risks, due diligence failures, breach of fiduciary duty, breach of contract, Regulation Best Interest violations, supervisory failures, and more related to the marketing and sale of these private placements to customers.

What Are Versity DSTs and Why Should Investors Be Worried?

• These real estate-related investments, which are run by Versity/Crew Enterprises, were marketed as 1031 tax exchanges that are supposed to pool investor funds into multi-family properties and student housing.
• With Versity under duress over allegations of financial misconduct, mismanagement, and misappropriation, these DSTs are in trouble.
• These Regulation D offerings charged high fees and commissions to customers, many of whom have stepped forward claiming they had no idea what they were paying on their investment.
• While Versity DSTs should only have been sold to accredited investors, they appear to have also been unsuitably recommended to certain retail investors and conservative retirees.
• This is an illiquid investment product, which isn’t a good match for many unsophisticated investors.

There are claims that brokers may have prioritized the money they could make over whether this was a good investment for many customers.

A List of Versity Investments:

• Versity EquityCo
• Versity EquityCo, II
• One on 4th DST
• The Walk DST
• Hayworth Tanglewood DST
• Vintage DST

Why Should I Hire the Shepherd Smith Edwards and Kantas Regulation D Offering Attorneys To Represent Me In My Versity DST Recovery Lawsuit

• We are representing Versity DST investors in FINRA arbitration against the brokerage firms that sold them this product.
• Our securities law firm is made up of experienced Regulation D Offering Attorneys who have experience with this type of claim. We know how to maximize your chances for a full financial recovery.
• If we decide to work together, you will become part of our unit of Versity DST lawsuits represented by everyone at our firm, which can only benefit your case.

Ask For Your Free Case Consultation Over Your Versity DST Losses with our Regulation D Offering Attorneys

Call our Regulation D Offering Attorneys at (800) 259-9010 or fill out this online contact form today to schedule your consultation with one of our Versity investment recovery lawyers.