Broker Misconduct

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.

Former Customers of Calton & Associates Broker Paul Murphy Request Over $589K in Damages

Published on: May 11, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Calton & Associates Financial Advisor Accused of Unsuitability and Misrepresentations

Paul William Murphy, currently a Calton & Associates registered representative, is named in two pending customer disputes where the claimants are seeking over $589K. These latest allegations appear to stem from when Murphy was a Newport Coast Asset Management and a Newport Coast Securities broker. Newport Coast was expelled by the Financial Industry Regulatory Authority (FINRA) in 2018.

Our Florida broker misconduct lawyers investigate claims of losses by investors who have worked with Paul Murphy as their financial advisor. In Florida, call Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) at (813) 560-2992. You can also reach us nationwide at (800) 259-9010 today.

Barred Ex-Wells Fargo Broker Jeremy Fortner is Named in Nine Customer Disputes

Published on: May 6, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Ex-Wells Fargo Broker Jeremy Fortner Allegedly Borrowed Money From Clients

Our broker misconduct lawyers investigate claims of losses involving former customers of ex-Wells Fargo Advisors registered representative Jeremy Fortner. The broker-dealer fired him in August 2021 in the wake of allegations that he inappropriately borrowed funds.

In November 2021, with a starting date of March 3, 2022, the Financial Industry Regulatory Authority (FINRA) permanently barred Fortner after he did not respond to requests for information into its investigation. Jeremy Fortner was a registered broker and investment adviser for 16 years.

Another Mexican Investor Pursues JP Morgan Securities Over Omnia/Old Mutual (Bermuda) Losses

Published on: April 1, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Senior Investor’s Funds Were 100% Concentrated in Risky Offshore Investment

Our Northstar Financial Services (Bermuda) investment lawyers have filed yet another FINRA arbitration claim against J.P. Morgan Securities, LLC (JPMS) over losses suffered by a foreign national. The claimant is a nun and elderly investor from Mexico who entrusted her inheritance to the firm.

Instead, her J.P. Morgan Securities broker unsuitably recommended the now-defunct Omnia Ltd., previously called Old Mutual (Bermuda)/Beechwood.

Ex-Kestra Broker Chadwick Collins’ Customers Seek Over $3.3M in Damages

Published on: March 23, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Stone Beacon Capital CEO Faces Unsuitability and Negligence Allegations

If you suffered investment losses while working with financial advisor Chadwick Charles Collins, please contact our California broker misconduct attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) today at (619) 550-4847.

Collins, who was a Kestra Investment Services stockbroker and Kestra Private Wealth investment advisor from January 2017 to February 2022, is now with Wedbush Securities. He is also the CEO of Stone Beacon Capital. According to Chadwick Collins’ BrokerCheck record, he is currently named in two pending customer disputes in which the claimants are collectively requesting more than $3.3M in damages.