Articles Tagged with Delaware Statutory Trust Lawyers

Our Delaware Statutory Trust Lawyers Are Representing This Couple in Their Six-Figure FINRA Lawsuit

Shepherd Smith Edwards and Kantas Delaware Statutory Trust Lawyers (investorlawyers.com) are representing two more Inspired Healthcare Capital (IHC) investors against brokerage firm Emerson Equity and its control person, Dominic Julio Baldini. Also, a respondent in this investment loss recovery claim is Emerson Equity broker Peter Po.

Our clients, a Union City, CA couple, are two retired seniors in their late sixties who entrusted a substantial portion of their retirement savings to this broker-dealer. However, rather than giving them prudent investment advice that was in line with these investors’ desire not to expose their assets to undue risk, the Respondents unsuitably recommended risky products, including Inspired Healthcare Capital Delaware Statutory Trusts (DSTs). This type of vehicle invests in real estate ventures and is usually a startup. They are illiquid and cannot be resold. They are a particularly bad investment choice for retirees. Not only that, but the Claimants contend that the Emerson Equity broker that they worked with overconcentrated their account with these IHC DSTs.