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Couple Sues Capulent and Brokers Over The Nine at Memphis DST Losses
Shepherd Smith Edwards and Kantas Is Representing These Investors in Their Six-Figure FINRA Lawsuit
Two Georgia retirees are seeking up to $500,000 in FINRA arbitration after facing a near-total loss of their principal in The Nine at Memphis Delaware Statutory Trust (DST), a complex private placement issued by Versity Investments. Represented by law firm Shepherd Smith Edwards and Kantas, the couple alleges that brokerage firm Capulent and its financial advisors unsuitably recommended the illiquid, high-risk real estate trust and overconcentrated their account.
Two Georgia retirees are seeking up to $500,000 over losses they sustained in The Nine at Memphis Delaware Statutory Trust (The Nine DST) from Versity Investments (now known as Crew Enterprises). The Respondents in their FINRA arbitration claim are Capulent and its brokers Edwards Eric Fernandez and Justin Matthew Bachman.
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