Cambridge Investment Research Under Scrutiny For Alleged ICap Investment Sales; Shepherd Smith Edwards & Kantas

Our Private Placement Loss Attorneys Investigate Investor Losses

HOUSTON, Jan. 19, 2024 /PRNewswire/ -- A slew of brokerage firms allegedly engaged in misconduct or negligence when they promoted iCap securities to clients. Shepherd Smith Edwards and Kantas (investorlawyers.com) is investigating these broker-dealers, including Cambridge Investment Research, over growing concerns of liability for investor losses.

Some 1800 investors were reportedly sold an iCap investment issued by iCap Enterprises, which raised about $245M from them with the help of brokerage firms like Cambridge Investment Research. In return, broker-dealers earned high commissions of up to 10% and other fees from the sales. A number of iCap investors were Chinese nationals in the US who were hoping they would get green cards under the US-EB-5 Immigrant Investor Program.

The iCap investments that were sold:

• iCap Broadway
• iCap
• 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

https://youtu.be/_umXRjpmwMY?si=5KPbFkFS036KFv3f

• iCap Pacific Northwest Opportunity and Income Fund
• iCap Pacific NW Management
• iCap Realty
• iCap Vault
• iCap Vault 1
• iCap Vault Management
• Senza Kenmore
• UW 17^th AVE
• Vault Holding 1
• VH 1121
• VH 2^nd Street Office 
• VH Pioneer Village
• VH Senior Care
• VH Willows Townhomes
• VH Vault Holding
• 725 Broadway 

In 2023, dividend payments were suspended. A few months ago, iCap filed for chapter 11 bankruptcy protection. 

The Importance of Hiring Skilled Reg D Private Placement Lawyers

ICap investments, which were primarily in real estate, are Regulation D private placements. This makes them unsuitable for retail customers and inexperienced investors.

Reg D private placements tend to be illiquid and poorly regulated. They are unregistered securities offerings. Our  Regulation D private placement attorneys understand the nature of these complex, nontransparent investments and know how to prove that broker-dealer negligence or misconduct was involved.

We are one of the most respected investment loss recovery firms in the United States and more than 90% of our clients have received full or partial financial recovery.

Call (800) 259-9010 today or contact us online if your Cambridge Investment Research broker sold you an iCap investment.

SOURCE Shepherd Smith Edwards & Kantas LLP