Delaware Statutory Trusts sponsored by Versity Investments are at the heart of each pending claim on Edward Fernandez's BrokerCheck report. Fernandez (CRD 2956661) is the broker, and the disclosures name Capulent as the firm. The claims are pending, and their allegations are unproven. In statements on BrokerCheck, Fernandez denies them.
Claimants filed docket 26-01984 on September 21, 2026, seeking $635,286. They allege that 2022 investments in two Delaware Statutory Trusts were unsuitable. The trusts are 4th and J DST, sponsored by Versity Investments LLC, and Vintage DST, sponsored by Versity Invest LLC (aka Crew). The claim also points to material risks relating to the sponsor, its principals, the offering structure and the properties.
Fernandez denies these allegations, according to his statement. He says the offering documents identified the investments as speculative and disclosed sponsor and property level risks. He also says neither he nor Capulent controlled the sponsor or its operations.
Another claim arrived the same day under docket 26-02093, seeking $500,000. BrokerCheck lists DST, real estate and private placement products for it. In his response, Fernandez says he made the recommendations in good faith after reasonable due diligence. He adds that they suited the claimants' stated objectives for a 1031 exchange.
His statement also says the private placement memoranda disclosed the investments' speculative nature, leverage and risks. It attributes any losses alleged to the later failure of the sponsor, Versity Investments (aka Crew Enterprises).
On May 21, 2026, claimants filed docket 26-01018, seeking $292,134. Their claim concerns the Vintage DSTs sponsored by Versity Investments LLC (aka Crew). It alleges that the investment was unsuitable for their 1031 Exchange investment. Fernandez's statement says he intends to "vigorously defend this matter." It also says the arbitration remains pending with no findings of wrongdoing against him.
Docket 26-00881 dates to April 30, 2026 and seeks $795,000. Those claimants allege that investments in two DSTs sponsored by Versity Investments LLC (aka Crew) were unsuitable. The trusts are One on 4th and Hayworth Tanglewood. They also raise material risks related to the sponsor, structure and properties. Fernandez denies these allegations and says the recommendations were appropriate based on the information available at the time.
Hayworth Tanglewood DST is also the subject of docket 26-00675, filed April 7, 2026 with alleged damages of $175,000. The claimants allege it was unsuitable and raise material risks related to the sponsor, structure and properties. In response, Fernandez says he plans to defend the matter vigorously in FINRA arbitration.
The earliest of these claims, docket 26-00594, reached FINRA on March 25, 2026 and seeks $150,000. It alleges that a Vintage DST investment was unsuitable and that material risks related to the sponsor, structure and properties were not adequately disclosed. Fernandez asserts that he made the recommendations in good faith, based on the information and disclosures available then.
In a Delaware Statutory Trust, investors buy beneficial interests in a trust that owns real estate. The sponsor finds the property, arranges any loan and manages the trust after the sale. Investors get no vote on day-to-day decisions.
So the sponsor's track record, finances and conflicts matter a great deal to anyone weighing a DST. A broker who recommends one also has to look into the offering and the sponsor. The claims naming Edward Fernandez put both of those roles in view. We read the memorandum's sponsor section next to the broker-dealer's due diligence file when we review a DST claim.
Every FINRA member firm must supervise its brokers. Investors with questions about an account Edward Fernandez handled can call Soreide Law Group at (888) 760-6552. You can also reach us online. Our attorneys represent investors in FINRA arbitration nationwide. We take these cases on a contingency fee basis. You can read more about how FINRA arbitration works.
This post summarizes public FINRA records, including BrokerCheck, as of November 11, 2026. Allegations in customer complaints and arbitrations are claims, not findings. Pending claims remain open and undecided. A settlement is also not an admission of wrongdoing. FINRA may also update or correct these records after that date.
Delaware Statutory Trusts sponsored by Versity Investments are at the heart of each pending claim on Edward Fernandez's BrokerCheck report. Fernandez (CRD 2956661) is the broker, and the disclosures name Capulent as the firm. The claims are pending, and their allegations are unproven. In statements on BrokerCheck, Fernandez denies them.
A pending customer claim tops April Waldman's BrokerCheck report, and an older dispute at the same firm settled in 2024. Waldman (CRD 4653460) is the broker on both, and each names Centaurus Financial as the firm. The pending claim is an unproven allegation, and no arbitrator has ruled on it.
Lisa Hallaian of Cambridge Investment Research is the broker named in a pending customer arbitration over a non-traded REIT investment. Hallaian's CRD number is 1485651. The claim's allegations are unproven, and no arbitrator has ruled on them.
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