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:
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Soreide Law Group handles DST cases nationwide and currently have dozens of DST claims pending. There is:
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