Our Delaware Statutory Trust Loss Recovery Attorneys Are Representing This Claimant in FINRA Arbitration

Our Delaware Statutory Trust Loss Recovery Attorneys at Shepherd Smith Edwards and Kantas are representing a Michigan retiree in a FINRA arbitration claim seeking up to $500,000 against Capulent and two of its brokers over the unsuitable recommendation of CAI Investments Manufacturing Essential Asset DST. These experienced securities lawyers assist clients in recovering damages for overconcentration, misrepresentation of risks, and near-total loss of principal resulting from high-risk DST investments.

Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing a Michigan retiree who is suing brokerage firm Capulent and two of its financial advisors, Kyle Edward Shelley and Justin Matthew Bachman,  for up to $500,000. This is an investor with no prior experience in Delaware Statutory Trusts (DSTs) or DST funds. Despite making it clear to the broker-dealer that his assets were for retirement, and he did not want any undue risk, Capulent unsuitably recommended and sold  Manufacturing Essential Asset DST from CAI Investments to this customer.

This investor suffered serious losses, including a near total loss of his principal. Meanwhile, the Respondents made money. They overconcentrated his account with CAI Manufacturing Essential Asset DST and went on to earn 6% in commission. Our client was also charged a multi-layer of other fees.

In his Delaware Statutory Loss case, this Claimant is also alleging negligence, gross negligence, misrepresentations and omissions, breach of  contract, supervisory failures, and more.

Why Investors of CAI Investments Manufacturing Essential Asset DST Are Worried

• This Delaware Statutory Trust’s offerings includes MEA I and MEA II
• Investors of this $182M DST recently stopped receiving dividends. Meanwhile, the brokers that sold Manufacturing Essential Asset DST have reportedly earned more than $20M in commissions.
• Tenant concentration/single tenant exposure involving US Medical Glove Company, which is now the defendant in a foreclosure lawsuit, has become a problem. The company reportedly owes more than $126M in principal and interest, as well as millions of dollars involving other legal complaints (including one over unpaid electric bills).
• There are concerns brokers made unsuitable investment recommendations of this Delaware Statutory Trust, which is a Regulation D offering and should only have been sold to accredited investors.
• More allegations of misrepresentations and omissions of the risks and fees, Regulation Best Interest violations, negligence, breach of fiduciary duty, failure to supervise, and more are being made against the financial advisors that sold CAI Investments Manufacturing Essential Asset DST.

We Represent CAI Investments DST Investors Against Broker-Dealers

Shepherd Smith Edwards and Kantas is continuing to speak to investors who suffered losses after their financial advisor sold them a CAI DST. We are also representing investors who have suffered losses in other Delaware Statutory Trusts from other issuers.

You want to work with seasoned securities lawyers that have experience with this type of Regulation D offering and who know how to maximize your chances for a full financial recovery in FINRA arbitration.

Find Out Of You Have Grounds for A Delaware Statutory Trust Case Against Your Financial Advisor

Call our Statutory Trust Loss Recovery Attorneys at (800) 259-9010 or contact us online.