Nine DST Investors May be able to Recover their Losses Through FINRA Arbitration

March 25, 2021 Author: Brian Levin

Levin Law, P.A. is Investigating Brokerage Firms that Recommended and Sold Nine DST Securities

The national securities firm, Levin Law, P.A., is investigating brokerage firms and other financial institutions that recommended and sold shares of Nine DST securities. Individuals who suffered losses as a result of investment in Nine DST may be entitled to compensation by pursuing a FINRA arbitration claim. 

If your stockbroker, investment advisor, or other financial professional recommended an investment in Nine DST, resulting in financial losses, please contact our office at (305) 402-9050 or contact@levinlawpa.com. Levin Law’s managing partner, Brian Levin, has recovered millions on behalf of victims of securities fraud and broker misconduct.

Risky, Illiquid Investments

Nine DST is a Delaware Statutory Trust entity offered by NB Private Capital. As noted on their website, NB Private Capital invests in student housing developments across the country. DSTs can come with high risks, but because they qualify as  Section 1031, tax-deferred exchanges are often sold as a safe, passive investment opportunity.

Unfortunately, DSTs are subject to the same pitfalls as other real estate investments, including foreclosure, loss of property value, and monthly cash flow suspension. All real estate investments are prone to instability due to market fluctuations and occupancy issues. 

A change of tax status is also a potential risk for DST investors. 1031 exchanges, because they are reinvesting in real estate, allow investors to defer capital gains taxes. A change in tax status could result in serious tax consequences and liabilities for an investor.

Nine DST Offerings

According to the Form D filed with the U.S. Securities and Exchange Commission, 52 investors had already invested in the Nine DST offering at the time of filing. The total offering amount was $14,376,532, of which $8,899,577 had already been sold. Estimated sales commissions exceed $1.29 million.

Investors who were recommended and sold Nine DST securities without an adequate disclosure of risk may be entitled to compensation through an arbitration claim with the Financial Industry Regulatory Authority (FINRA). Additionally, investors who suffered losses due to a stockbroker’s, financial advisor’s, and other financial professional’s unsuitable recommendations may be eligible for financial recovery through a FINRA arbitration. 

Contact Levin Law for a Free Case Evaluation

If you invested in Nine DST and suffered substantial losses, contact Levin Law for a free case evaluation. Attorney Brian Levin is well-versed in FINRA arbitration, having held numerous brokerage firms accountable for their wrongdoing or their representatives’ misconduct. 

Call our office at (305) 402-9050 or email Mr. Levin directly at brian@levinlawpa.com to discuss your legal options. Most cases are accepted on a contingency fee basis, meaning that you will not have to pay Levin Law’s attorney fees unless money is recovered on your behalf.

About Levin Law

Levin Law is a premier national securities, futures, commodities, and class action law firm. Brian Levin, Levin Law’s founding attorney, has helped recover over $100,000,000 through arbitration and litigation for individual and institutional investors, as well as professional traders throughout the country and the rest of the world. Levin Law represents retirees, individual investors, high-net-worth investors, ultra-high-net-worth investors, institutions, family offices, trusts, publicly held companies, and others.

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