Anyone else lose gear with patch?

Seen a lot of posts about the junk button not working, which is incredibly irritating… But also, I lost half my equipped gear with this latest patch. Shield, grenade mod, artifact, and one of my weapons, an smg, all gone.

Same here, lost 2 ranks and all my weapons,shields,ect. that i had collected during those two ranks.
Had just gotten a legendary shield that was so good, Gone! Gone! Gone!