The Schwartz Law Firm Investigates Inspire Investing LLC and its “Biblically Responsible Investing” Strategy

The Schwartz Law Firm Investigates Inspire Investing LLC and its “Biblically Responsible Investing” Strategy

The Schwartz Law Firm is currently investigating claims against Idaho based Inspire Investing LLC related to its “Biblically Responsible Investing” strategy. On September 19, 2024, the Securities and Exchange Commission (“SEC”) charged Inspire Investing with making misleading statements and for compliance failures related to the execution of its “biblically responsible investing” strategy. According to the SEC’s order, Inspire Investing represented that it used a data-driven methodology to evaluate companies and that it would not invest in companies that had “any degree of participation” in non-Christian business practices that Inspire determined did not align with Christian values. However, the SEC’s order finds, from at least 2019 to March 2024, Inspire Investing in fact relied on a manual research process and did not typically perform research on individual companies to evaluate them for eligibility under its investing criteria. According to the SEC’s order, Inspire Investing also lacked written policies and procedures setting forth a process for evaluating companies’ activities as part of its investment process, which at times resulted in inconsistent application of its investment criteria. As a result, Inspire Investing invested in companies engaged in activities that did not align with Inspire Investing’s own stated criteria and in which the advisory firm represented that it would not invest. Inspire Investing’s leadership team consists of Robert Netzly, Aaron Moon, Darrell Jayroe, Eric Smith, Zachary Stone and Andrew Stoner.

Investigation of Inspire Investing

If you are, or were, a client of Inspire Investing and have suffered financial losses, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their investment portfolios due to Inspire Investing’s “Biblically Responsible Investing” strategy. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.