Investor Lawyers Blog

Churning Lawyer

Published on: February 25, 2025 | by Shepherd Smith Edwards & Kantas, LLP

FINRA Suspends Ex-Spartan Capital Securities Broker Justin Deiter

Excessive Trading Can Cause Portfolio Losses

If you sustained investment losses while working with former Spartan Capital Securities financial advisor Justin Ray Deiter, contact the Shepherd Smith Edwards and Kantas Churning Lawyer Team (investorlawyers.com) today. The New York broker was suspended by the Financial Industry Regulatory Authority (FINRA) for six months in the wake of allegations that he engaged in excessive trading in two customers’ accounts. One of the clients involved was a senior investor. FINRA contends that Deiter’s trading led to high turnover rates and cost-to-equity ratios that went beyond the traditional 6% and 20% guideposts, respectively. This led to the investors sustaining substantial losses.

Business Development Company Loss Recovery Attorneys

Published on: February 25, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Business Development Company Loss Recovery Attorneys Investigates Blue Owl Capital BDC Losses

Our Business Development Company Loss Attorneys Are Looking Into Allegations Of Broker Negligence

If you sustained losses in either Blue Owl Capital Corp (OBDC) or Blue Owl Capital Corp III (OBDE), Shepherd Smith Edwards and Kantas (investorlawyer.com) can help you explore your legal options. We represent investors who have sustained losses in business development companies (BDCs) in which broker misconduct or negligence was involved.

SSEK Margin Abuse Lawyers

Published on: February 25, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Continue to Investigate Oppenheimer PEP Losses. SSEK Margin Abuse Lawyers Represent Investors Against Broker-Dealers

Shepherd Smith Edwards and Kantas Margin Abuse Lawyers (investorlawyers.com) are still investigating losses involving the Oppenheimer Portfolio Enhancement Program (Oppenheimer PEP). This proprietary program, offered by Oppenheimer to clients, was supposed to give investors the opportunity to earn an additional 5%. They had to borrow money on margin. This involves borrowing funds from the broker-dealer to purchase more securities.

This was a high-risk proposition and the minimum investment to become involved in Oppenheimer PEP was $1.25M. Considered a hedged investment, the program bet that options on indexes would remain within a tight range. The idea was that investors were supposed to make premiums and earn returns of up to 5% a year. In reality, this kind of investment strategy could only perform well in a low-volatile, low-interest situation. Not only that, but also high-risk, illiquid, and highly speculative investments, such as Alkeon 1 and Alkeon 2, were involved.

GWG Bond Fraud Attorneys

Published on: February 25, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Six-Figure GWG Lawsuit Accuses Moloney Securities Of Making Unsuitable Investment Recommendations. Shepherd Smith Edwards and Kantas WG Bond Fraud Attorneys Is Representing This Retiree Couple

Once again, our trusted GWG L Bond recovery attorneys have filed a FINRA lawsuit on behalf of investors against Moloney Securities. This time, our clients are a California couple who allege they were the victims of unsuitable investment recommendations by one of the broker-dealer’s registered representatives. These retirees are requesting up to six-figures in damages.

This is an L Bond lawsuit involving a financial advisor who appears to have been more concerned with the commissions that could be earned rather than honoring their fiduciary duty to these customers. We also believe that Moloney Securities was beyond complacent in the way it supervised this broker and the products it chose to sell to its customers.

Houston Failure To Supervise Law Firm

Published on: February 18, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Houston, TX Failure To Supervise Law Firm. Our Securities Lawyers Have Been Representing Texas Investors Against Broker-Dealers And Investment Advisors for More Than 30 Years

Since 1990, the Shepherd Smith Edwards and Kantas Houston Failure To Supervise Law Firm (investorlawyers.com) have been helping Texas investors who sustained serious portfolio losses because their broker-dealers failed to properly supervise their financial advisors. Supervisory negligence is one of the most common reasons that broker fraud and misconduct can occur, and it is the customers who end up suffering.

Contact our Houston, TX securities law office today to schedule your free, no obligation case assessment.

Annuities Fraud Lawyers

Published on: February 13, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Did Your Broker-Dealer Sell You Northstar Financial Services (Bermuda)? There Is Still Time To Explore Your Legal Options

Shepherd Smith Edwards and Kantas Annuities Fraud Lawyers (investorlawyers.com) represent many investors, including foreign nationals from throughout Central America, the Caribbean, and Asia, who have suffered serious investment losses in Northstar Financial Services (Bermuda). If your US broker-dealer marketed and sold you this offshore annuity, contact us today and we can schedule your free case assessment to determine whether you have grounds for a claim.

To date, our Northstar (Bermuda) clients include more than 100 investors, including many retirees, who looked to the US as a safe haven for their assets and trusted their financial advisors to make secure low-to-no-risk investment recommendations. Instead, due to poor broker recommendations, they ended up investing their savings and retirement funds in annuities issued by a company whose owner, Greg Lindberg, recently pleaded guilty to defrauding investors of $2B. Not only that but Lindberg has long been suspected of funneling funds from his numerous insurance companies to his special-purpose vehicles.

Failure To Supervise Attorneys

Published on: February 13, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Investment Losses While Working With Investment Advisor Thomas Chadwick

Investors File FINRA Lawsuit Against Fidelity Brokerage Services Alleging $11M in Losses

If you sustained serious portfolio losses while working with financial advisor Thomas Chadwick, Shepherd Smith Edwards and Kantas (investorlawyers.com) want to talk to you. Chadwick, who runs the investment advisory firm Chadwick & D’Amato in New Hampshire, is accused of losing more than $11M of about 100 investors’ money while using Fidelity Brokerage Service’s platform. Now, the broker-dealer is the respondent in a Financial Industry Regulatory Authority (FINRA) lawsuit.

Bond Loss Attorneys

Published on: February 13, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Are You An Investor Who Sustained Losses in GK 7% Bonds? Contact Our Bond Loss Attorneys To Help Determine Whether You Have Grounds For A Claim

Brokerage firms and investment advisers are supposed to conduct the proper due diligence to ensure the suitability of any financial product recommendation or strategy that they make to a customer. Unfortunately, that is not always the case. Now there is growing concern that financial firms may not have properly vetted GK 7% Bonds from GK Investment Holdings (GKIH) before marketing and selling them to investors. Shepherd Smith Edwards and Kantas (investorlawyers.com) are looking into these allegations and offering free, no-obligation case consultations to investors who may have been harmed.

GK Investment Holdings issued these GK 7% bonds, which are supposed to pay a 7% interest. In 2022, GK 7% bond investors were warned that if 90% of them didn’t trade in their current bonds for newer bonds by September, there was a very good chance that the private real estate company would default on old bonds and have to seek bankruptcy protection. COVID-19’s effect on real estate was one of the main reasons cited.

Houston Unsuitability Loss Attorneys

Published on: February 13, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Houston Unsuitability Loss Attorneys Are Representing Texas Investors Against The Brokers That Gave Them Poor Investing Advice

Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing Texas investors who have suffered losses because their broker engaged in unsuitability. This is one of the most common legal grounds noted in investment loss recovery claims that are made against broker-dealers and their registered representatives. Contact our Houston, Tx unsuitability loss lawyers so that we can help you determine whether you have grounds for a case.

Broker-dealers and their registered representatives are required to conduct the proper due diligence to ensure the suitability of any recommendation that they make, and, also, to check that whatever financial product or asset they are suggesting is a viable investment and not fraudulent.

L Bond Fraud Attorneys

Published on: February 13, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas L Bond Fraud Attorneys Win Six-Figure GWG L Bonds Arbitration Award For Retiree Against SW Financial

Boca Raton Investor Entrusted Broker-Dealer To Keep Her Money Safe

A Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded a Boca Raton, Florida investor $174,507.98 in compensatory damages in her GWG L Bond fraud lawsuit against SW Financial. Shepherd Smith Edwards and Kantas (investorlawyers.com) represented this claimant, who is a retiree and a novice investor, in pursuing the financial recovery she was owed.