Broker negligence

Investment Broker Fraud

Published on: April 16, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Barred Morgan Stanley Broker Jesus Rodriguez Gets 12-Year Sentence For Investment Broker Fraud

Jesus “Chuy” Rodriguez de la Cruz (“Rodriguez”), an ex-Morgan Stanley stockbroker in Texas, was sentenced to 12 years in prison for defrauding investors in a multimillion-dollar investment fraud. His CRD on BrokerCheck lists him as Jesus Rodriguez.

Rodriguez was barred by the Financial Industry Regulatory Authority (“FINRA”) in 2021. The U.S. Securities and Exchange Commission (“SEC”) filed a complaint against Rodriguez last year accusing him of misappropriating over $4.6 million from the accounts of at least 10 investors at Morgan Stanley where he was a registered representative from 2009 to 2021.

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.

Stockbroker Misconduct Attorneys

Published on: January 29, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Are You An Investor Who Is The Victim of Broker Negligence? Our Skilled Stockbroker Misconduct Attorneys Work With Investors In Pursuing Damages

Shepherd Smith Edwards and Kantas (investorlawyers.com) represent those who have suffered losses because their broker was negligent and did not uphold the professional standards they were required to fulfill. As a result, serious portfolio losses occurred. If you suspect you may be the victim of stockbroker negligence, contact us today so that we can help you determine whether you have grounds for a securities claim.

What Is Broker Negligence?

Broker Negligence Lawyer

Published on: December 16, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Can You Hold Your Broker-Dealer Liable For Losses Caused By A Predecessor Brokerage Firm? Working With A Skilled Broker Negligence Lawyer Could Maximize Your Chances for Financial Recovery

If you are an investor who suffered losses because of financial advisor negligence, Shepherd Smith Edwards and Kantas Broker Negligence Lawyer (investorlawyers.com) can help you explore your legal options and determine whether you can and should sue for damages. With broker-dealers being acquired or merging with other firms, a question we have been asked is, can an investor sue the “new” broker-dealer for losses sustained under the old one? It all depends on what caused your investor losses, whether the statute of limitations have passed, and other key factors.

Recently, Osaic Services was fined $250K after its predecessor firm SagePoint Financial was found to have failed to establish a supervisory system that would have prevented excessive trading and unsuitable options trading.

Stockbroker Negligence Law Firm

Published on: August 18, 2024 | by Shepherd Smith Edwards & Kantas, LLP

When Broker Negligence Leads to Your Investment Losses. Contact Our Stockbroker Negligence Law Firm Today

Shepherd Smith Edwards and Kantas Stockbroker Negligence Law Firm (investorlawyers.com) represents clients who suffered losses because of negligence by their broker. This is one of the most common legal grounds noted in investment loss recovery claims and happens way too often.

Financial advisors owe their customers a duty of care and broker-dealers can be held liable if this duty is not fulfilled and serious losses result. A basic negligence claim generally has to prove certain elements:

Securities Broker Misconduct Attorney

Published on: July 21, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Investment Losses While Working With Ex-Western International Securities Broker Tony Liddle?

Former Customers of Barred Wisconsin Financial Advisor Seeking Over $3M in Damages

Shepherd Smith Edwards and Kantas (investorlawyers.com) is speaking to investors who sustained losses while working with ex-Landolt Securities financial advisor Anthony Baker Liddle (Tony Liddle). He pleaded guilty to wire fraud and money-related offenses in January 2023 and was sentenced to 97 months in prison for each count, but he will serve his time concurrently. He also was ordered to pay more than $1.6M in restitution. Liddle, a former registered investment adviser and control person of Prosper Wealth Management in Wausau, was barred by the Financial Industry Regulatory Authority (FINRA), the US Securities and Exchange Commission (SEC), and the Wisconsin Department of Financial Institutions Division of Securities. Prior to being a Landolt registered representative, he was a Western International Securities broker.

SSEK broker misconduct Attorneys

Published on: May 23, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Are You An Investor Who Suffered Losses After A Fidelity Broker Made Unsuitable Investment Recommendations?

Whistleblower Claims That Brokerage Firm Fired Him For Disclosing Best Interest Violations Against Customers

SSEK broker misconduct Attorneys are continuing to investigate claims of losses by investors who worked with Fidelity Investments financial advisors. Earlier this year, we filed one six-figure lawsuit for a claimant after the broker-dealer connected him with an outside adviser who made risky, unsuitable investment recommendations, including a concentrated position with Apple.

Broker Fraud Lawyer

Published on: May 19, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Investor Seeks Up $1M In Damages Over UBS YES Losses. Our Broker Fraud Lawyer Are Representing This Claimant and Others Against UBS Financial Services

The Shepherd Smith Edwards and Kantas Broker Fraud Lawyer Team (investorlawyers.com) is representing another investor in their UBS Yield Enhancement Strategy (YES) loss lawsuit against UBS Financial Services. The claimant, an inexperienced New Jersey investor, is suing for up to $1M in damages. Unfortunately, she is just one of many who have suffered significant losses in the brokerage firm’s internally managed, high-risk options trading strategy.

Touted by UBS brokers as a way for investors to obtain marginally higher yields on existing portfolios while taking limited risks, the UBS YES program has caused serious losses for many of the firm’s wealthy clients. Its “iron condor” options overlay approach was allegedly implemented with reckless abandon.

Texas Broker Fraud Law Firm

Published on: May 19, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Estate of Texas Retiree With Dementia Files Six-Figure Broker Fraud Lawsuit Against LPL Financial And Broker Bradley Bowman. Brokerage Firm Allegedly Unsuitably Sold FS Energy & Power Fund and KBS Real Estate Investment Trust III

The Shepherd Smith Edwards and Kantas Texas broker fraud law firm (investorlawyers.com) are representing the estate of a deceased widow in a FINRA lawsuit against LPL Financial and its Houston broker Bradley Alan Bowman. The Katy, Texas investor, who was in his eighties, suffered from dementia. Now, his estate is seeking up to $500K in damages for losses sustained in the non-traded real estate investment trust (non-traded REIT) KBS Real Estate Investment Trust III, the non-traded business development company (non-traded BDC) FS Energy & Power Fund, and an annuity. All of these were too risky for someone of his age with this health issue.

In the broker fraud claim, the estate is alleging best interest violations, unsuitable investment recommendations, misrepresentations and omissions, breach of contract, breach of fiduciary duty, negligence, failure to supervise, and more. LPL and its Texas broker earned high commissions and fees from the illiquid alternative investments it sold to this elderly investor who entrusted them to manage his money properly so he could take care of himself and his family.

Florida Broker Fraud Attorneys

Published on: April 30, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Florida Broker Fraud Attorneys Continue To Investigate Former Merrill Lynch Broker William King

Ex-Vero Beach, FL Financial Advisor Now Has At Least 28 Customer Complaints

For the past year, our seasoned Florida broker fraud attorneys have been looking into claims of investor losses involving William Worthen King, who resigned from Merrill Lynch Pierce, Fenner & Smith after 37 years with the firm. He left after his former customers filed more than a dozen FINRA lawsuits.