When an investment in a private placement or complex real estate security fails to perform, the damage is more than just financial. It can mean a delayed retirement, a compromised savings plan, or the sudden loss of reliable income. Recent public disclosures regarding Sam Bhushan and his firm, Cabin Securities, Inc., have brought to light significant customer disputes involving high-risk, often illiquid financial products. These disputes allege that investors were led into products that did not align with their risk tolerance or long-term financial goals.
If you or someone you know has been impacted by Sam Bhushan or another broker, don’t hesitate to reach out to Meyer Wilson Werning today. Our attorneys are experienced in broker misconduct cases and will help to guide you through the process with a free and confidential consultation to determine whether your losses are the result of actionable misconduct.
What Are the Current Allegations Against Sam Bhushan?
Public records from FINRA indicate that Sam Bhushan (also known as Sameer Bhushan) has been the subject of multiple customer disputes involving Regulation D private placements and other alternative investments. On October 20, 2022, an arbitration case (FINRA Dispute Resolution Case No. 22-02378) was filed alleging:
- Fraud and misrepresentation
- Omission of material facts
- Unsuitable investment recommendations
- Breach of fiduciary duty and breach of contract
This matter eventually settled for $132,498 on March 30, 2023.
More recently, in November 2025, two additional pending customer complaints were filed. One claim seeks damages of $2,025,634.00, alleging common law fraud and breach of fiduciary duty. A second pending claim seeks $413,637.00 for similar allegations of misrepresentation and unsuitable recommendations regarding a Reg D private placement made in August 2023.
We Have Recovered Over
$350 Million for Our Clients Nationwide.
Who is Sam Bhushan and What Is His Professional Background?
Sam Bhushan is a licensed stockbroker and investment advisor currently registered with Cabin Securities, Inc. in Irvine, California. He also operates under the business name DSTs 1031 Investments, focusing on Delaware Statutory Trusts (DSTs) and 1031 exchange strategies.
His professional record shows a history with several firms that specialize in alternative investments:
- Cabin Securities, Inc.: 2017–Present
- Arete Wealth Management, LLC: 2016–2017
- ARI Financial Services, Inc.: 2005–2016
- Realty Capital Securities, LLC: 2014–2015
- KBR Capital Markets, LLC: 2011
- Burch & Company, Inc.: 2005–2008
Sam Bhushan’s individual CRD number is 4884717. Investors can find more details on his BrokerCheck report, which tracks his regulatory and employment history.
Why Are Regulation D Private Placements and DSTs Risky?
Many investors are persuaded into private placements or Delaware Statutory Trusts under the promise of “tax-free” benefits or higher yields. However, these products often carry risks that are not fully disclosed by financial advisors.
Important Points for Investors:
- Extreme Illiquidity: These are typically long-term, buy-and-hold investments with lock-up periods of 7–10 years.
- High Upfront Costs: Brokers can earn commissions as high as 7% to 15% for selling these products, creating a significant conflict of interest.
- Surrender of Control: In a DST, the sponsor makes all management decisions, and investors cannot decide when to sell or how to manage the property.
- Valuation Uncertainty: These assets are not traded on public exchanges, meaning their true value is often opaque until a “liquidity event” like an IPO occurs.
Our lawyers are nationwide leaders in investment fraud cases.
Regulatory Standards and Broker Liability
Under Regulation Best Interest (Reg BI), which took effect in June 2020, brokers are legally required to put their clients’ interests ahead of their own. This means they must:
- Perform due diligence to understand the investment’s risks.
- Ensure every recommendation aligns with the client’s financial goals and risk tolerance.
- Provide full disclosure of all fees and liquidity restrictions.
If a firm like Cabin Securities failed to supervise its advisors or recommended unsuitable products, they may be held responsible for the resulting financial losses through arbitration.
We Are The firm other lawyers
call for support.
Recovering Your Losses Through Arbitration
If you suffered losses tied to Sam Bhushan or Cabin Securities, taking action is essential. Most brokerage disputes are resolved through arbitration, a private process that is often faster and more efficient than a traditional court trial.
If you or someone you know has suffered losses due to the actions of brokers like Sam Bhushan, the experienced attorneys at Meyer Wilson Werning are here to help. With more than 20 years in the industry and over $350 million recovered for our clients, our focus on investment fraud and securities litigation has helped many investors recover their losses.
Contact us today for a free consultation to discuss your case and learn how we can assist you in protecting your financial interests.
Frequently Asked Questions
What is a Delaware Statutory Trust (DST)?
A DST is a legal structure that allows investors to buy a fractional interest in a trust that owns real estate, often used to defer taxes in a 1031 exchange. While it offers tax deferral, it requires investors to give up management control to a sponsor.
Can I file a claim if I am a “sophisticated” investor?
Yes. While firms may argue that “sophisticated” investors should understand the risks, brokers still have a legal duty to make only suitable recommendations and provide accurate, non-misleading information.
What are the time limits for filing an arbitration claim?
Eligibility for claims is often subject to strict deadlines, such as the FINRA six-year eligibility rule. It is important to consult with a securities attorney promptly to preserve your rights.
What evidence is needed to prove broker misconduct?
Critical evidence typically includes account statements, subscription agreements, emails with your advisor, and BrokerCheck or IAPD disclosure reports.
Recovering Losses Caused by Investment Misconduct.
