Broker Misconduct

Broker Negligence Lawyers

Published on: February 15, 2023 | by Shepherd Smith Edwards & Kantas, LLP

When Unsuitable Structured Product Recommendations Lead To Investor Losses

Centaurus Financial & Brokers Fined Over $1M For Marketing Variable Interest Rate Investments To Retail Customers

Once again, Centaurus Financial is making headlines for allegedly unsuitably recommending financial products that were too risky for retail customers. This time the investments were variable interest rate structured products, which are complex, illiquid, and have maturity rates of 15 years or greater.

Financial Advisor Negligence Attorneys

Published on: February 15, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Are You The Victim of Stockbroker Negligence?

Our Trusted Financial Advisor Negligence Attorneys May Be Able To Help

When many people think of investor losses caused by broker misconduct they often assume that intentional wrongdoing was involved. However, that is not always the case. Unsuitable investment recommendations, misrepresentations and omissions, and overconcentration in a customer’s account (along with a failure to diversify investments) may also be a result of broker negligence. Either way, whether you suffered losses due to stockbroker fraud or negligence, you may be able to sue your brokerage firm and their registered representative for damages. But first, you need to find out whether you have grounds for a securities claim.

Broker Misconduct Lawyers

Published on: February 2, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Hiring Trusted Broker Misconduct Lawyers Can Maximize Your Chances of Financial Recovery

Customers of Emerson Equity Broker Robert Melberth Are Pursuing Over $12M in Damages

If you are a current or former customer of Emerson Equity financial advisor Robert Wyla Melberth, and you are wondering if your investor losses are due to alleged broker misconduct or negligence, please contact Shepherd Smith Edwards and Kantas (investorlawyers.com) to request your free, no-obligation case assessment.

What Is Elder Financial Abuse?

Published on: January 18, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Suing Brokerage Firms for Elder Financial Abuse

Ex-LPL Financial Broker Bradley Goodbred Charged In Alleged $1.3M Senior Investor Fraud

In Illinois, former LPL Financial stockbroker Bradley Allen Goodbred was arrested and charged with 23 felonies, including multiple classes of a felony involving both the exploitation of an elderly person and theft. Goodbred, who also was charged late last year by the US Securities and Exchange Commission (SEC) with stealing $1.295M from a client with dementia, was fired by the broker-dealer in January 2021. He was permanently barred by the Financial Industry Regulatory Authority (FINRA) a month later.

What Is Stockbroker Misconduct?

Published on: November 8, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Our Seasoned Brokerage Firm Arbitration Attorneys Are Here To Help Recover Investor Losses when Stockbroker misconduct is Suspected

There are different kinds of broker misconduct that can be committed by registered representatives and/or their broker-dealers. There is, of course, the most egregious kind, which is when a financial advisor purposely commits stockbroker fraud by running an investment scam or misappropriating investors’ funds by theft. These are crimes that should be prosecuted. However, criminal fraud charges don’t always lead to recovery of investor losses for victims. The same can be said for the outcomes of civil cases filed by the US Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), or a state securities regulator against a broker-dealer.

For over 30 years, Shepherd Smith Edwards and Kantas (investorlawyers.com) has been fighting for investors pursuing damages from their broker-dealers and financial advisors. With savvy FINRA lawyers representing you, filing your own broker misconduct against your brokerage firm can increase your chances for a full, or even partial, financial recovery.

How Can Our Broker Misconduct Attorneys Help with Investment Fraud?

Published on: November 8, 2022 | by Shepherd Smith Edwards & Kantas, LLP

What Are Common Types of Investment Fraud and How Can Our Broker Misconduct Attorneys Help?

Every day, there are financial scammers out there looking to steal money from unsuspecting investors. Some of these fraudsters are registered brokers using the legitimacy of their profession and the brokerage firms they are employed by to hide their schemes while targeting customers.

If you are someone whose financial advisor defrauded you in some type of investment fraud, our skilled broker misconduct attorneys at Shepherd Smith Edwards and Kantas (investorlawyers.com) may be able to help you pursue damages against the broker-dealer, which should have detected there were red flags and protected you from sustaining significant investment losses.

When Failure To Supervise Requires a Broker Fraud Attorney

Published on: November 8, 2022 | by Shepherd Smith Edwards & Kantas, LLP

When Failure To Supervise Enables Broker Fraud

Texas Retirees Whose Financial Advisor Stole Their Savings File FINRA Arbitration Claim Against Planmember Securities

As their customer, your broker-dealer has a fiduciary duty to properly supervise your accounts and your financial advisor’s activities when working with you. Unfortunately, failure to supervise these types of financial firms happens way too often. This lack of oversight makes it easy for stockbroker mistakes and wrongful misconduct to happen, which can lead to serious investor losses. That is why it is important to know when failure to supervise requires a broker fraud attorney to recover losses.

Broker Dealer Negligence Attorney Assists Northstar Financial Service Clients

Published on: November 8, 2022 | by Shepherd Smith Edwards & Kantas, LLP

SSEK Broker Dealer Negligence Attorneys Helping Northstar Financial Services Investors

Are You A Japanese Investor Whose US-Based Broker Sold You Northstar Financial Services (Bermuda) Products?

Retired Couple Files FINRA Lawsuit Against Bankoh Investment Services and Broker Yoko Farias

Centaurus Financial Broker Bill Burks Named in Several Customer Disputes

Published on: June 28, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Investors’ Allegations Against Centaurus Financial Broker Include Unsuitability, Misrepresentations, and Concentration

Our experienced Texas broker misconduct attorneys are looking into claims of losses involving current and former customers of William Charles Burks, also known as Bill Burks II, in Flower Mound. Bill Burks is a Centaurus Financial broker who has been named in several customer disputes, most of which are settled or still pending.

Customer Disputes Involving Centaurus Financial Broker Bill Burks II

Fired Berthel Fisher Broker Steve Cummings’ Customers Report Investment Losses

Published on: June 10, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Ex-Alabama Financial Advisor Has Been Accused of Misrepresentations and Unsuitability

Our knowledgeable broker misconduct attorneys are investigating claims of losses by customers of ex-Berthel Fisher & Co. registered representative Steve Jeffrey Cummings. In July 2021, claimants filed a Financial Industry Regulatory Authority (FINRA) arbitration claim for $250K in damages.

The customers contend that they were sold unsuitable investments between 2010 and 2015 and that Cummings allegedly made misrepresentations to them. They believe brokerage firm Berthel Fisher failed to supervise its Alabama broker and did not conduct proper due diligence. In 2017, Berthel Fisher fired Cummings over allegations that he did not disclose tax liens in a timely fashion.