Shepherd Smith Edwards and Kantas Investigates Titan Securities Over ICap Investment Sales
Our Reg D Private Placement Loss Attorneys Are Representing Investors In Recouping Their Losses
Shepherd Smith Edwards and Kantas (investorlawyers.com) is investigating Titan Securities over its allegedly unsuitable sale of iCap securities to customers. According to a 2017 study by Reuters and Columbia University Law School, this brokerage firm—also known as JT Securities Management—has a high concentration of financial advisors with red flags on their record.
Now, there is growing concern as to the firm’s purported sale of iCap investments by its brokers. ICap filed for Chapter 11 bankruptcy protection in September 2023. Not to mention that these are Regulation D private placements that may have been too high-risk for many of the investors to whom they were sold.
At least 1800 investors are believed to have suffered losses in iCap, including many Chinese citizens who had hoped to become permanent US residents through the EB-5 visa program.
More than 20 broker-dealers appear to have sold the following iCap investments to clients:
iCap
iCap Broadway
iCap Campbell Way
iCap Equity
iCap Funding
iCap Holding
iCap Holding 5
iCap Holding 6
iCap Investments
iCap Management
iCap Pacific Development
iCap Pacific Income 4 Fund
iCap Pacific Income 5 Fund
iCap Northwest Opportunity Fund
iCap Pacific Northwest Opportunity and Income Fund
iCap Pacific NW Management
iCap Realty
iCap Vault
iCap Vault 1
iCap Vault Management
Senza Kenmore
UW 17th AVE
Vault Holding 1 (this is a publicly registered security)
VH 1121
VH 2nd Street Office
VH Pioneer Village
VH Senior Care
VH Willows Townhomes
VH Vault Holding
725 Broadway
Considering that these are illiquid, unregulated, high-risk investments, brokers should have exercised the proper due diligence in making sure these iCap investments were appropriate for each investor given their age, risk tolerance level, financial goals, and investing experience. They also needed to have properly apprised these clients of the risks they were taking on.
Unfortunately, it appears that purported misrepresentations and omissions were made about the nature of these investments, which have left many investors, including novice ones, blindsided by their losses. Meantime, broker-dealers earned high commissions and fees from raising $245M in investor funds for iCap.
Why Hire Our Savvy ICap Investment Loss Recovery Lawyers
For decades, Shepherd Smith Edwards and Kantas has helped investors recoup damages from the brokerage firms whose unsuitable investment recommendations, misrepresentations and omissions, failure to diversify, concentration, negligence, misconduct, and fraudulent behavior contributed to investors losing money. Not only that, but we are highly experienced in representing Reg D private placement investors.
Over the years, we have collectively secured many millions of dollars for thousands of investors. We have zealously represented clients in over 1000 matters in arbitration, mediation, and litigation and have the skills, resources, and knowledge to take on your iCap investment loss recovery claim.
Currently, we are representing other investors over other kinds of investment losses in their FINRA lawsuits against Titan Securities.
How To Work With Our Private Placement Loss Attorneys:
Contact us today to schedule your free, no-obligation case assessment. During our consultation, we will help you determine whether you should sue your broker-dealer for your iCap losses. If we decide to work together, we will conduct a full investigation into your investment losses and build a solid claim on your behalf. The SSEK Private Placement Loss Attorneys will also file your complaint with FINRA arbitration and fight for you.
Call our Private Placement Loss Attorneys at (800) 259-9010 today.