Current Investigations

Financial Advisor Misconduct Attorneys

Published on: May 1, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Couple Sues Charles Schwab After Broker Purportedly “Chased Returns” That Led To Serious Life Savings Losses. Our Financial Advisor Misconduct Attorneys Represent Seniors and Retirees Investors Against Broker-Dealers

Two California investors are seeking up to $500K in damages from Charles Schwab & Co. over significant losses they sustained while working with the brokerage firm. While the broker-dealer is most known for offering a platform for those seeking to direct their own investment decisions and self-manage their accounts, these two older investors entrusted their money to one of the firm’s lesser-known divisions, which provides discretionary management of customer accounts.

These claimants, whom Shepherd Smith Edwards and Kantas (investorlawyers.com) are representing, contend that during the last years of working with Schwab, one of the broker-dealer’s financial advisors used a purported needlessly risky strategy that involved turning over these investors’ accounts allegedly to chase returns. In their FINRA lawsuit, our clients are claiming misrepresentations and omissions, gross mismanagement, negligence, and breach of fiduciary duty that we believe led to not just lost savings but also lost growth of said savings during a period when the markets reached all-time highs.

HJ Sims Investment Loss Recovery Lawyer

Published on: May 1, 2024 | by Shepherd Smith Edwards & Kantas, LLP

A Significant Amount of HJ Sims Reg D Bonds May Now Be Worthless. Investing Regulation D Private Placements Often Lead To Serious Losses.

According to SLCG Economic Consulting, a large number of Regulation D offerings issued by Herbert J. Sims (HJ Sims) have defaulted and may be “virtually worthless.” The broker-dealer sold 93 private placement bonds over 10 years. It was the only brokerage firm that sold 84 of them. These alternative investments were worth $2.2B.

Not only that, but SLCG alleges that HJ Sims executives may have created and controlled nearly all of the Reg D issuers. The financial economics consulting firm contends that these executives only risked bearing a “small portion” on any losses while standing to make substantial profits on any gains, in addition to commissions and fees from the sales. Also, there have been accusations that the broker-dealer inflated bond prices on account statements.

REIT Loss Attorneys

Published on: May 1, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Continue to Investigate Peakstone Realty Trust Losses. Our REIT Loss Attorneys Are Looking Into Allegations of Broker Misconduct

For the past year, Shepherd Smith Edwards and Kantas (investorlawyers.com) have been speaking to investors who suffered losses in Peakstone Realty (NYSE: PKST), which is a publicly registered real estate investment trust (REIT). It was formerly the non-traded REIT Griffin Realty Trust (also, before that, Cole Office & Industrial REIT (CCIT II) and Griffin Capital Essential Asset REIT). Over the past few years, investors of this latest iteration, and its previous ones, have expressed concern about significant portfolio losses.

It was in April 2023 that Peakstone Realty Trust REIT joined the New York Stock Exchange. Its net asset value dramatically plunged. There was also a reverse stock split that happened. Yet, rather than these developments benefiting investors, some reported paying more to purchase their shares than what they are now worth while others allege that they suffered a near-total loss of equity.

L Bond Loss Recovery Law Firm

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

Retired Washington Couple Sues Arete Wealth Management Over GWG L Bonds

Claimants Worked With A Center Street Securities Broker Prior to That Firm’s Acquisition By Arete

Two senior investors are seeking up to $500K in damages from brokerage firm Arete Wealth Management over losses they sustained in GWG L Bonds. They contend that their former broker James Joseph Toddy allegedly unsuitably recommended GWG Holdings to them while providing no meaningful disclosure of the many risks involved. This is considered making misrepresentations and omissions. Now, the Washington State couple is seeking up to $500K in damages from Arete.

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.

Broker-Dealer Fraud Lawyers

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

HJ Sims Brokers Sold Reg D Offerings That May Have Cost Investors

Our Broker-Dealer Fraud Lawyers Are Representing Claimants In Fighting For Damages

If you are an investor who lost money after being sold one of the following Herbert J Sims (HJ Sims) private placements, contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today for a free case assessment:

Churning Loss Attorneys

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

I’m An Investor. How Do I Know If I Am The Victim of Excessive Trading By My Broker?

Contact our Experienced Churning Loss Attorneys Today

Over the years, Shepherd Smith Edwards and Kantas Churning Loss Attorneys (investorlawyers.com) has represented many clients who have been the victims of excessive trading, which is also known as churning. This is what happens when a financial advisor makes too many trades in an investor’s account for the purposes of earning additional commissions and not because it is in the customer’s best interests.

Mississippi Elder Financial Abuse Attorneys

Published on: April 15, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Mississippi Elder Financial Abuse Attorneys

Working With Older Investors and Their Families Throughout The Magnolia State In Recouping The Damages Owed By Their Brokers

According to the AARP, elder financial exploitation costs victims ages 60 and older more than $28.3 billion dollars every year. The nonprofit organization reports that 70% of these losses were caused by perpetrators the older persons knew, including friends, acquaintances, relatives, and investment professionals. From our Gulfport, MS elder financial abuse law offices, Shepherd Smith Edwards and Kantas (investorlawyers.com) represent elderly investors and their loved ones in pursuing damages from the financial advisors who committed such crimes.

iCap Investment Loss Recovery Attorneys

Published on: April 15, 2024 | by Shepherd Smith Edwards & Kantas, LLP

iCap Investors, Left In The Lurch Over Reg D Private Placement Losses, Explore Legal Options with Our iCap Investment Loss Recovery Attorneys

FBI And SEC May Be Investigating Whether Real Estate Investment Firm Was A Ponzi Scam

If you are one of the approximately 1800 investors in iCap who has been wondering how to recoup your losses, please contact Shepherd Smith Edwards and Kantas (investorlawyers.com) to request your free, no-obligation case assessment. Following recent allegations by third-party restructuring company Palladin that the Washington State-based real estate investment firm may have been a Ponzi scam, now there are reports that the Federal Bureau of Investigation (FBI) is conducting a criminal investigation and the US Securities and Exchange Commission (SEC) is performing a regulatory one.

Financial Advisor Fraud

Published on: April 15, 2024 | by Shepherd Smith Edwards & Kantas, LLP

How To Sue Your Stockbroker For Financial Advisor Fraud

Contact Shepherd Smith Edwards and Kantas Today For Your Free Consultation

Going after your broker-dealer and their registered investment adviser for stockbroker fraud that caused you portfolio losses can be a daunting task. It is one of the many reasons you should contact Shepherd Smith Edwards and Kantas (investorlawyers.com) to schedule a no obligation, initial case assessment. One of our seasoned financial advisor misconduct attorneys can help you determine whether you have grounds for filing a lawsuit for damages.