Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Soreide Law Group is reviewing potential investor claims tied to possible sales practice violations by financial advisors and securities brokers. One of the investments under scrutiny is NB Molly Barr DST, a real estate-based investment linked to Nelson Brothers. While it was marketed as a promising opportunity, troubling information has emerged that investors should carefully consider. Below is a summary of what this product is, the concerns surrounding it, and the rights available to investors who may have been harmed.
NB Molly Barr DST is a Delaware statutory trust sponsored by Nelson Brothers. DSTs are structured so that investors can purchase fractional interests in large real estate projects, often promoted as opportunities to defer taxes through a 1031 exchange. These investments are designed to pool investor funds into student housing and other real estate ventures, offering the potential for rental income distributions. In addition to NB Molly Barr, other affiliated offerings include NB Icon University Gardens DST, NB Alpine Flats DST, and NB Student Housing Fund II. On the surface, these products appear to provide a simplified way to own part of a professionally managed real estate property.
Despite their marketing, products like NB Molly Barr DST have raised serious concerns. Investors have alleged that these investments can be illiquid and difficult to exit, meaning that once funds are committed, it may be challenging to recover them without significant loss. Reports also suggest that the due diligence performed before selling these products may have been inadequate, leaving investors exposed to higher risks than they were led to believe. Another issue is that brokers often earn large upfront commissions when selling DSTs, which can create conflicts of interest and incentivize recommendations that do not always serve the best interests of clients. For investors who used retirement savings or sold reliable income-producing property to participate, these risks can translate into substantial financial harm.
Investors in NB Molly Barr DST may have experienced common sales practice abuses, such as:
If these violations occurred, investors may have legal claims and could pursue recovery through FINRA arbitration or other dispute resolution processes.
Did you suffer losses after being advised to invest in NB Molly Barr DST by your financial advisor or broker? If so, contact Soreide Law Group online or by calling (888) 760-6552 to speak with a securities attorney about possible recovery of your losses. Soreide Law Group has recovered funds for investors nationwide. The firm operates on a contingency fee basis and advances all costs—meaning you will not owe attorney fees unless there is a recovery on your behalf.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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