Terry Herron: Inspired Healthcare Filing Lists New Frontier Advisor

Englewood, Colorado financial advisor Terry Herron (CRD# 1172497) is listed in a Form D filing for Inspired Healthcare Capital, a senior living development company that recently entered bankruptcy. Securities and Exchange Commission records show that he is currently registered as an investment advisor with New Frontier Wealth Management.

An InvestmentNews report explains that Inspired Healthcare Capital offered private placement offerings and alternative investments via a network of independent broker-dealers, reportedly generating upwards of $100 million in fees and commissions on investments that subsequently stopped paying out distributions to investors. Emerson Equity reportedly served as Inspired Healthcare’s broker-dealer and assisted the company in raising capital through the marketing and distribution of certain securities. The firm is presently under a court order compelling it to turn over documents related to those securities sales.

As reported by InvestmentNews, the investment products issued by Inspired Healthcare, and sold by Emerson Equity and other firms, included private placements and Delaware Statutory Trusts. Another InvestmentNews report cites a source who suggests that the brokers who sold investments in Inspired Healthcare, and who received commissions for their work, “are going to face claw backs… By the time Inspired Healthcare gets liquidated and the trustees and lawyers all get paid, there’s not going to be much, if anything, left for investors in these private placements.”

That same report cites a court filing shedding light on how Inspired Healthcare executives allegedly used the funds they raised. According to the filing, the company’s management directed company funds to the purchase of luxury vehicles and a Las Vegas condo, among other personal expenses. Meanwhile the company “has raised more than $1.2 billion in cash from 3,300 fund investors, 2,300 DST Investors, and 200 development investors,” per the filing.

According to the Securities and Exchange Commission, Terry Herron holds 13 years of securities industry experience. Based in Englewood, Colorado, he has been registered as an investment advisor with New Frontier Wealth Management since 2012. He is licensed in Colorado and Texas.

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. The firm is currently investigating brokers who sold investments in Inspired Healthcare Capital. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.