Irvine, CA Couple Sues Emerson Equity Over Inspired Healthcare Capital and Other Alternative Investment Losses

Shepherd Smith Edwards and Kantas Is Representing These Claimants and Their Six-Figure FINRA Lawsuit

Two investors are suing Emerson Equity, control person Dominic Julio Baldini, and broker Forrest James for up to $500K in damages over losses they sustained in the following alternative investments, which were primarily Delaware Statutory Trusts (DSTs) and Non-traded Real Estate Investment Trusts (non-traded REITs) issued by :

These were illiquid products, issued by no-name entities, that were unsuitable and too risky for this Irvine, CA couple. They entrusted a good portion of their life savings to the Respondents. Shepherd Smith Edwards and Kantas Securities Lawyers (investorlawyers.com) is representing these investors in FINRA arbitration.

The Claimants met their Emerson Equity broker, Forest James, at a dinner seminar. While the couple was intrigued by the tax savings they were told could be available to them by investing in DSTs, we do not believe this was the right recommendation for these investors. Not only that, but our Clients contend that they were never fully apprised of the high risks involved in DSTs or the multi-layer of fees they would be charged. Non-traded REITs, which also charge high fees, can also be unsuitable recommendations for retail investors, including retirees.

In their alternative investment loss lawsuit, this California couple is alleging:

Unsuitability
Misrepresentations and omissions
Regulation Best Interest violations
Failure to Supervise
Negligence
Gross negligence
Breach of fiduciary duty
Breach of contract
Vicarious liability
And more.

The Claimants are seeking relief for:

All money lost, including transactions made and not made.
Lost opportunities incurred.
Recission of all transactions.
Statutory damages.
Punitive damages.

How Long Has Emerson Equity Broker Forrest James Worked in The Brokerage Industry?

Forrest James has been a financial advisor for 39 years. His BrokerCheck CRD notes one other customer dispute that was settled for $185K. The Claimant had alleged unsuitable recommendations, breach of fiduciary duty, negligent supervision, unjust enrichment, securities violations, and more.

Why Hire Our Securities Lawyers in Your Investor Lawsuit Against Emerson Equity?

Seasoned investment loss recovery law firm.
Represented many investors against Emerson Equity and its brokers.
Retaining Shepherd Smith Edwards and Kantas means that you are hiring everyone at our firm to fight for you.
Many of us are former brokers who quit that industry because of a lot of bad behaviors we witnessed that were hurting investors.
Knowledgeable about the brokerage industry and know how to detect broker misconduct.
Have the resources, skills, and dedication to maximize your chances for a full recovery.
Secured many millions of dollars in awards and settlements for investors.

Talk To Us About Your DST or Non-Traded REIT Losses

Schedule your free case consultation by calling (800) 259-9010 or contact us online.