Erez Law is currently investigating McDermott Investment Services, LLC broker James Poindexter (CRD# 1867899) regarding Delaware Statutory Trusts (DSTs) losses. He has been registered with McDermott Investment Services, LLC in Prescott, Arizona, since 2019, and Independent Wealth Network, Inc. in Prescott, Arizona, since 2017. He was registered with Brokers International Financial Services, LLC in Prescott, Arizona, from 2017 to 2019, Investment Advisors Corp. in Prescott, Arizona, from 2015 to 2017, and Broker Dealer Financial Services Corp. in Prescott, Arizona, from 2015 to 2017.
James Poindexter Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
February 2026. “Claimants, experienced real estate investors, purchased 9 Delaware Statutory Trusts in 2021-2023, as part of several tax advantaged 1031 exchanges of their prior real estate investments. 3 of those DSTs are not performing to Claimants’ expectations. Accordingly, Claimant has made various allegations and legal claims related to suitability and due diligence with respect to those 3 DSTs. Allegations also include breach of fiduciary duty, negligence, misrepresentations, omissions, failure to supervise and breach of contract.” The customer is seeking $624,000 in damages, and the case is currently pending. The complaint was regarding DST losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, McDermott Investment Services, LLC may be liable for investment or other losses suffered by James Poindexter’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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