Elderly Investor Alleges Unsuitable Investment Recommendations Caused REIT Losses An Oklahoma retiree is seeking up to $500K in damages for investment losses she suffered while working with Kovack Securities broker, Susan Penney. The claimant contends that Penney and the broker-dealer misled her and made unsuitable recommendations when they persuaded her…
Throughout the San Francisco Bay Area, investors are finding themselves hit with huge investment losses, especially over the last few months as COVID-19 has shut down the economy, rattled the markets, and caused an oil price war. While the Coronavirus has negatively impacted many investments, you should know that some…
Unsuitability & Overconcentration May Lead to Unnecessary Investor Losses in Preferred Stocks If you are an investor in preferred stocks or preferred stock funds, you may have suffered losses as the preferred-stock market had dropped almost 5% since its mid-Feb peak. These stocks do carry some risk with them and…
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…
Robinhood Financial Apologizes To Investors For Outages If you are an investor who recently sustained losses through Robinhood Financial’s investing platform, contact our investment fraud attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm) today. Robinhood Financial, which provides an online platform that facilitates stock, exchange-traded funds (ETFs), and…
Watch Out for Brokers Looking to Make High Commissions During COVID-19 With the market crashing in the wake of the Coronavirus (COVID-19), many investors are suffering from massive losses in their portfolio and are looking to their brokers for investment advice. Unfortunately, not all stockbrokers work with their customers’ best…
Wells Fargo Stockbroker Accused Of Overconcentration & Unsuitable Investments Wells Fargo Clearing Services broker, Jeffrey Eiler, has been the subject of 12 customer investment loss disputes, most of which were settled and a few that were denied. If you are an investor who lost money while Eiler was your registered…
Rogue Broker Convicted & Faces Decades In Prison A jury has convicted Anthony Diaz, a barred rogue stockbroker who was fired by several brokerage firms and has been the subject of more than four dozen customer complaints, of 11 counts of wire fraud and mail fraud. Each criminal court comes…