Cohn, Also A Former SEC Examiner, Is Charged With Obstruction The criminal trial of Michael Cohn, the ex-GPB Capital Holdings chief compliance officer, has been postponed after he expressed concern that his pre-existing health conditions placed him at a higher risk of contracting the coronavirus (COVID-19). Cohn is charged by…
Doraine Refused To Cooperate In FINRA’s Investigation The Financial Industry Regulatory Authority (FINRA) has barred former Next Financial broker, Charles Doraine after he refused to give testimony in the self-regulatory organization’s (SRO’s) probe into allegations that he unsuitably recommended Puerto Rico bonds to customers. Already, Doraine has been the subject…
Broker-Dealer Comes Under Scrutiny Over Energy, Gas, and Oil Investment Recommendations If you are a retail or conservative investor, a retiree, or any other investor unwilling or unable to take on too much risk and a David Lerner Associates broker sold you oil, gas, and energy investments, our investment fraud…
Texas Stockbroker Purportedly Earned High Commissions From Illiquid Alternative Investments If you are an investor who was sold alternative investments by First Allied Securities broker William Fox, you may have grounds for an investor claim. Fox, an Austin, TX-based registered representative, has been accused by at least one customer, who…
Collateralized Loan Obligations Are Losing Value In The Wake Of The Coronavirus Investors who have suffered losses from collateralized loan obligations (CLOs) after the outbreak of the novel coronavirus (COVID-19) should contact one of our broker fraud lawyers right away. While the pandemic is responsible for much of the volatility…
ETF Investors Of United States Oil Fund May Not Have Known Full Extent Of Risks Our investment fraud lawyers are offering free case consultations to investors who’ve lost money in the United States Oil Fund (USO) after it dropped 30%. The exchange-traded security continues to make changes to its structure…
FMSBonds May Not Have Apprised Frontier Communications Investors Of The Risks If you purchased Frontier Communications bonds from FMSBonds, also known as First Miami Securities, or any other bonds that have turned out riskier than what was represented to you, please contact our broker fraud lawyers at Shepherd Smith Edwards…
Advisor Group Suspends Real Estate Investment Product Sales Another brokerage firm has temporarily stopped selling real estate products due to the Coronavirus (COVID-19) has causing valuation issues. Advisor Group’s decision to suspend the sales of real estate interval funds and NAV real estate investment trusts (NAV REITs) comes soon after…
LPL Blocks Sales of Nontraded Real Estate Investment Trusts and Publicly Traded Property Interval Funds This week, LPL Financial (LPLA) announced that it had suspended its sales of several nontraded REITs, as well as a number of publicly traded property interval funds. This is because the novel coronavirus (COVID-19) was…
Market Volatility Forces Arbitrage Funds to Temporarily Close Reports of arbitrage funds temporarily shuttering in the wake of the impact of the novel coronavirus (COVID-19) on the markets has caused concern for investors. At Shepherd Smith Edwards and Kantas (SSEK Law Firm), our investment fraud lawyers are offering free case…