CULVER CITY, Calif., June 12, 2025 – The White Law Group has filed a FINRA arbitration claim on behalf of Southern California residents against Patrick Capital Markets, LLC, alleging the firm’s financial advisor recommended unsuitable and high-risk real estate investments, resulting in significant investment losses.

The claim alleges that the investors were sold illiquid Regulation D private placement investments, including:

Capital Square 1031 17 Board Apartments DST

VA Coastal Logistics DST

These investments were reportedly inconsistent with the investors’ risk tolerance and financial needs. The damages sought range from $1,000,000 to $3,000,000.

The broker of record, Sandford Graham Simmons, was reportedly permanently barred by FINRA in connection with alleged violations of FINRA rules. According to a FINRA Acceptance, Waiver & Consent (AWC), Simmons consented to the bar to settle allegations without admitting or denying the findings. Simmons has also reportedly been the subject of two customer complaints and an employment termination after allegations.

Sandford Simmons Lawsuit and Patrick Capital Markets Complaints

The statement of claim alleges that Patrick Capital Markets failed to conduct reasonable due diligence on the investments and failed to supervise Sandford Simmons, exposing clients to unnecessary and excessive risk. The unsuitable recommendations allegedly led to substantial losses due to the speculative nature and illiquidity of the DST (Delaware Statutory Trust) investments.

“When brokerage firms fail in their duty to supervise and allow advisors to recommend inappropriate investments, clients can suffer serious financial harm,” said Dax White, managing partner of The White Law Group. “This claim is part of our ongoing efforts to help investors recover losses due to unsuitable DST investments and advisor misconduct.”

FINRA Arbitration vs. Class Action

Many investors wonder if a class action lawsuit is better than pursuing an individual FINRA arbitration claim. Generally:

If your losses exceed $100,000, individual arbitration may be more appropriate.
Class actions are typically better suited for smaller, uniform claims.
Recovery Options for DST Investment Losses

If you invested with Sandford Simmons or Patrick Capital Markets and are concerned about your investment losses, you may have options to recover your funds through FINRA arbitration. For more information about Sandford Simmons lawsuits, Patrick Capital Markets complaints, or DST investment losses, please visit www.whitesecuritieslaw.com.

About The White Law Group
The White Law Group is a national securities fraud and investor protection law firm with offices in Chicago, IL and Seattle, WA. The firm represents investors in claims against brokerage firms and financial advisors through FINRA arbitration.