John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Soreide Law Group based in Pompano Beach, Florida, has been contacted by investors experiencing losses in DST Versity-Inspire, and DST Astoria At Celebration. Allegedly, these investors were recommended purchasing these products by JAMES DWIGHT MCPHERSON (JAMES D MCPHERSON, JAY D MCPHERSON), currently with EMERSON EQUITY LLC of San Mateo, California. McPherson has been registered as a broker there since 2/18/2021. He was previously registered as a broker with GREAT POINT CAPITAL LLC of Melbourne, FL from 02/16/2018 - 12/31/2020.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JAMES D MCPHERSON has been in the securities industry for 13 years and has been listed with 9 firms. McPherson has 3 disclosures on his FINRA CRD report, all 3 are “Customer Disputes.” The significance of McPherson’s disclosures is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. In other words, JAMES D MCPHERSON’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.
On 3/9/2020 there was a “Customer Dispute” filed against JAMES D MCPHERSON. The allegations were, “Unsuitable Investments,” and the damage amount granted was $125,000.00.
The “Customer Dispute” filed against McPherson on 5/4/2020 settled for $21,500.00 following the allegations of, “Claim is alleging breach of fiduciary duty, unsuitable recommendation, breach of contract and negligence relating to investments made in August of 2016.”
There is a pending dispute filed against JAMES D MCPHERSON on 10/22/2025. The allegations are, “Breach of fiduciary duty; violation of Regulation Best Interest; negligence; violation of FINRA rules; negligent misrepresentation; common law fraud; violation of the Florida Securities and Investor Protection Act under FLA. Stat. 517.301.”
Many investors were sold Delaware Statutory Trusts (DSTs) as “safe” real estate investments or as part of a 1031 exchange strategy. In reality, thousands of investors are now facing suspended distributions, collapsing property values, and complete illiquidity, leading to significant Delaware Statutory Trust losses.
If you were sold a DST that is now failing:
Call: 888-760-6552
Soreide Law Group handles DST cases nationwide and currently have dozens of DST claims pending. There is:
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
Phone:
Fax: 1-954-760-6553
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