Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has opened an independent investigation into financial advisors and brokerage firms that recommended investments in Inspired Senior Living of Lake Orion DST. Many investors trusted these professionals to safeguard their assets, only to experience significant losses after the associated entity, Inspired Healthcare Capital, entered Chapter 11 bankruptcy and abruptly suspended distributions. If you were impacted, our attorneys are prepared to leverage more than 95 years of combined securities law experience and our unique former Wall Street defense insight to advocate for your recovery.
While the article outlining these losses does not specifically identify the advisor or broker-dealer involved, determining who recommended the investment is a critical first step in pursuing recovery. Below is a clear, step-by-step process to help uncover possible advisor misconduct, along with a discussion of potential red flags, common investor complaints, and your legal options through FINRA arbitration.
Advisors & Broker-Dealers: Concealed Risks and Broken Trust
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Inspired Senior Living of Lake Orion DST may have been presented as an attractive real estate opportunity. In reality, it was a complex and risky private placement with high commissions and limited liquidity. Many investors only Discover their advisor’s role after losses occur and are left asking:
- Did my advisor conduct adequate due diligence?
- Were material risks, conflicts, and fees fully disclosed?
- Was this investment suitable for my financial situation, or was my account overly concentrated?
Our investigation is focused on answering these questions and helping investors hold responsible parties accountable.
How to Uncover Red Flags: Step-by-Step Advisor Research
If you suspect misconduct related to your investment in Inspired Senior Living of Lake Orion DST, consider taking the following steps to review your advisor’s background:
- Identify Your Advisor
Locate the advisor’s full name and, if available, their CRD number. This information may appear on trade confirmations or account statements. If you cannot find it, request it from your brokerage firm or contact our office for assistance. - Search BrokerCheck
Use the FINRA BrokerCheck public database to review customer complaints, regulatory actions, and employment history. - Review Key Disclosures
- Registration & Employment History — Review where the advisor has worked and their qualifications.
- Customer Complaints — Look for arbitrations, lawsuits, or settlements involving suitability, misrepresentation, or fraud.
- Regulatory Actions — Check for FINRA or SEC sanctions, fines, suspensions, or other disciplinary matters.
- Civil Judicial Matters — Determine whether court judgments have been entered.
- Bankruptcy Filings — Note signs of serious financial distress or past mismanagement.
- Supplement With Additional Sources
- SEC EDGAR — Search for filings related to SEC-registered investment advisors.
- Court Dockets — Review PACER or county court systems for litigation history.
- State Securities Regulators — Many state agencies publish enforcement actions involving advisors and firms.
- Document Your Findings
- Record dates, descriptions, outcomes, and current status for each disclosure. Save BrokerCheck reports and other supporting documents for reference.
Common Complaints: Potential Red Flags
| Complaint Type | Description / Example |
|---|---|
| Suitability Violations | Recommending investments that do not align with the client’s risk tolerance, objectives, or financial circumstances. |
| Failure to Disclose Risks | Omitting important information about illiquidity, underlying financial problems, or risks associated with the DST offering. |
| Conflict of Interest | Receiving high commissions or incentives for selling complex or unsuitable products. |
| Misrepresentation | Overstating the safety, income potential, or past performance of the DST investment. |
| Overconcentration | Placing too much of a client’s capital into a single private placement or sector. |
| Unauthorized Trading | Executing transactions without the client’s knowledge or consent. |
What If You Do Not Find Complaints?
The absence of public disclosures on BrokerCheck does not necessarily mean an advisor has a clean record. Some complaints may not yet be filed publicly, and other facts may only emerge through arbitration or broader investigation. Our firm often uncovers patterns of unsuitable recommendations and undisclosed conflicts that do not appear from a simple public search alone.
Your Path to Recovery: FINRA Arbitration
For many investors, a FINRA arbitration claim is the primary means of pursuing recovery, rather than filing a traditional lawsuit. This process allows investors to seek damages from broker-dealers and financial advisors for misconduct such as misrepresentation, negligence, or unsuitable recommendations. Our attorneys have a 98% success rate across hundreds of investor claims. With more than $520 million in securities matters handled, our experience reflects the advantage of former Wall Street defense lawyers now representing investors.
Why Clients Trust Our Firm
- Martindale-Hubbell AV Preeminent rating
- Super Lawyers recognitions
- 5.0-star client reviews
- Contingency fee representation — no recovery, no fee
When to Contact Us
You should consider contacting us promptly if you experienced any of the following in connection with Inspired Senior Living of Lake Orion DST:
- Unexplained or substantial investment losses
- An advisor or broker who stopped responding to your questions
- Discrepancies or unauthorized activity on account statements
- Communications from supervisors or compliance personnel about your portfolio
- An unresolved complaint with your brokerage firm
Take Action to Protect Your Financial Future
If you believe your financial advisor or brokerage firm recommended Inspired Senior Living of Lake Orion DST or another risky, unsuitable investment, we may be able to help you pursue recovery. Every case is different, and taking action promptly can improve your ability to preserve evidence and protect your rights.
Contact our experienced attorneys today for a free and confidential consultation:
Call 1-888-885-7162 now. There is no cost to learn about your rights, and if no recovery is obtained, you owe no fee.
We are committed to using our experience and industry knowledge to hold wrongdoers accountable and guide investors through the recovery process.
