The White Law Group, LLC Files FINRA Arbitration Claim Against Concorde Investment Services, LLC Alleging Unsuitable Sales of Alternative Investments
Chicago, Illinois – March 2, 2026 – The White Law Group, LLC, a national securities fraud and investor protection law firm, announced today that it has filed a claim with the Financial Industry Regulatory Authority (FINRA) against Concorde Investment Services, LLC on behalf of a couple in their 80s from Laguna Niguel, California.
The Statement of Claim alleges that Concorde and its registered representative recommended and sold a portfolio of complex, illiquid alternative investments that were unsuitable given the couple’s age, conservative investment objectives, need for liquidity, and risk tolerance. The damages requested are between $500,000 and $1,000,000.
The investments at issue include:
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Inspired Healthcare Capital – Inspired Healthcare of Fort Myers, FL DST
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ADREX Multifamily – Adrex Multifamily I DST
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Bluerock Diversified Alternative Assets Fund – Bluerock Diversified Industrial Portfolio I
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ExchangeRight – ExchangeRight Net-Leased Portfolio 57 DST
According to the claim, these direct participation programs (DPPs) and Delaware Statutory Trust (DST) offerings were concentrated in real estate and other illiquid structures that limited investor access to principal and exposed the retirees to risks inconsistent with their financial profile.
Allegations of Unsuitability and Lack of Due Diligence
Broker-dealers and financial advisors are required under FINRA rules to have a reasonable basis to believe that recommended investments are suitable for their clients based on factors such as age, financial situation, investment experience, and liquidity needs. In addition, firms must conduct reasonable due diligence on alternative investment offerings before recommending them to customers.
The arbitration claim alleges that Concorde failed to adequately perform due diligence and failed to fully disclose the material risks associated with these investments, including concentration risk, lack of liquidity, valuation concerns, and the potential for capital impairment.
“In our view, these were highly complex and illiquid products that had no place in the portfolio of retirees in their 80s who required preservation of capital and income stability,” said Dax White, Managing Partner of The White Law Group. “Financial firms have a duty to thoroughly vet alternative investments and to ensure that recommendations align with a client’s risk tolerance and life stage. When they fail to do so, investors can suffer devastating losses.”
Inspired Healthcare Capital Bankruptcy
One of the central investments in the claim involves offerings sponsored by Inspired Healthcare Capital. In recent months, Inspired Healthcare-related entities filed for bankruptcy protection, raising serious concerns for investors regarding asset values, distributions, and potential recovery of principal. The bankruptcy has highlighted the risks inherent in private placement and DST offerings, particularly when sold to elderly investors seeking stability and income.
The claim contends that the risks associated with these types of investments—including sponsor financial instability and liquidity limitations—were not adequately explained to the claimants before their retirement funds were committed.
FINRA Arbitration
The case has been filed in FINRA arbitration, the dispute resolution forum that handles claims between investors and brokerage firms. Investors who believe they were sold unsuitable investments or were misled about risks may be entitled to pursue recovery through this process.
With offices in Seattle and Chicago, The White Law Group represents investors nationwide in claims involving unsuitable recommendations, private placements, DSTs, non-traded REITs, and other alternative investments.
Investors who suffered losses in Inspired Healthcare Capital offerings or other alternative investments sold by Concorde Investment Services are encouraged to contact The White Law Group for a free consultation at 888-637-5510.
About The White Law Group, LLC
The White Law Group is a national securities fraud law firm with offices in Chicago and Seattle. The firm represents individual and institutional investors in FINRA arbitration and other securities-related matters involving broker misconduct, unsuitable investment recommendations, and complex alternative investments.
