Current Investigations

GWG Bond Fraud Lawyers

Published on: June 4, 2024 | by Shepherd Smith Edwards & Kantas, LLP

_{Estate of Michigan Investor Files Six-Figure GWG Bond Fraud Lawsuit Against Centaurus Financial.}_{Widow Was Inexperienced, Elderly Investor Who Sought Minimal Risk And Instead Ended Up With High-Risk Junk Bond}

_{The Shepherd Smith Edwards and Kantas GWG Bond Fraud Lawyers (}_{investorlawyers.com}_{) are representing another investor in their}_{L Bond lawsuit}_{against a broker-dealer. This time, the claimant is the estate of a deceased Michigan retiree that is seeking an L Bond lawsuit for up to $500K in damages from Centaurus Financial.}

_{The septuagenarian was a widow who entrusted}_{Centaurus Financial broker John Edmond Tryon}_{to properly manage her assets. Instead, this Michigan financial advisor allegedly unsuitably recommended a GWG L Bond while purportedly misrepresenting this junk bond as safe and secure. It now appears that there will be a near complete loss of principal with this investment for this investor. Not only that but GWG Holdings is now accused of running a more than $1.6B Ponzi scam that has defrauded many thousands of older investors and seniors.}

San Francisco Elder Financial Abuse Attorneys

Published on: June 4, 2024 | by Shepherd Smith Edwards & Kantas, LLP

San Francisco Elder Financial Abuse Attorneys. Representing Older SF Bay Area Investors Against Broker-Dealers and Investment Advisers

For more than 30 years, Shepherd Smith Edwards and Kantas (investorlawyers.com) have been representing elderly investors who have been the victims of financial abuse by stockbrokers and investment advisers. From our San Francisco securities law office, we work with clients and their families throughout the Bay Area and the rest of Northern and Central California in recouping the damages they are owed.

Elder financial abuse is a serious crime that can rob older people not just of their money but of their ability to support themselves and take care of their medical and other needs at this late stage in life. It is most commonly perpetrated by someone the victim knows, including loved ones, friends, and caretakers.

CB Life Annuity Fraud Attorneys

Published on: May 31, 2024 | by Shepherd Smith Edwards & Kantas, LLP

_{Northstar (Bermuda) and Colorado Bankers Life Insurance Owner Greg Lindberg Found Guilty of Bribery A Second Time.}_{Our Seasoned Annuity Fraud Lawyers Are Representing Investors Who Suffered Losses In One of His Many Insurers}

_{If you sustained losses in}_{Colorado Bankers Life Insurance}_{, Bankers Life Insurance,}_{Northstar Financial Services (Bermuda)}_{, or any other Greg Lindberg-owned insurer, Shepherd Smith Edwards and Kantas (}_{investorlawyers.com}_{) CB Life Annuity Fraud Attorneys can help you explore your legal options. Unfortunately, many US broker-dealers sold these annuities to investors, including US investors and foreign nationals. These retail investors have seen their assets frozen and/or lost in the wake of the insurance companies’ financial woes and Lindberg’s legal and criminal troubles.}

_{Now, the North Carolina billionaire has been convicted for a second time of bribing North Carolina Insurance Commissioner Mike Causey. He is facing up to 30 years in prison. He was convicted in 2020 of the same charges and served nearly two years behind bars. However, a judicial mistake led to that verdict being overturned.}

Delaware Statutory Trust Investment Loss Lawyers

Published on: May 31, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Did Your Broker Sell You A Griffin Capital DST And You Sustained Serious Losses? Shepherd Smith Edwards and Kantas Delaware Statutory Trust Investment Loss Lawyers Can Help You Explore Your Legal Options

If you have suffered serious losses in a Griffin Capital Delaware Statutory Trust (DST) investment that was marketed and sold to you by a broker-dealer, our alternative investment loss recovery attorneys would like to talk to you. Here is a list of Griffin Capital DSTs we are investigating:

Griffin Capital (Nashville) DST

Private Placement Loss Lawyers

Published on: May 31, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Investment Losses While Working With Former Independent Financial Group Broker Armando Roman? Shepherd Smith Edwards and Kantas Want to Talk To You

Our broker fraud attorneys are continuing to investigate claims of losses involving ex-Independent Financial Group registered representative Armando Roman. The former Arizona stockbroker is still a registered investment adviser with AXIOM Founders Family Office.

Several months ago, a Financial Industry Regulatory Authority (FINRA) arbitration panel awarded $1M in compensatory damages to one customer for portfolio losses from allegedly unsuitable private placement recommendations by Roman. The investments involved included:

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.

Non-Traded REIT Loss Lawyers

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

Shepherd Smith Edwards and Kantas Continue Non-Traded REIT Loss Lawyers to Investigate Hartman vREIT XXI Over Investor Losses

Non-Traded REITs Pay Brokers High Commissions But Can Be Unsuitable For Many Investors

If you sustained losses after your financial advisor marketed and sold you Hartman vREIT XXI, Shepherd Smith Edwards and Kantas (investorlawyers.com) would like to talk to you. For the past year we have been looking into whether there were stockbrokers who allegedly unsuitably recommended this non-traded real estate investment trust (non-traded REIT), which invests in different kinds of commercial properties that are mostly in Texas.

GWG Investment Loss Recovery Lawyers

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

Texas Couple Sues Independent Financial Group Over GWG L Bond Losses. Our GWG Investment Loss Recovery Lawyers Are Representing These Claimants In Their Six-Figure FINRA Lawsuit

Another two investors who suffered serious losses in GWG Holdings are filing a broker-dealer misconduct case. The claimants, two Texas investors, are seeking up to $500K in damages from Independent Financial Group. Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing this older couple. From the start, they had made it clear to their broker that, given their ages, they did not want to take on any undue risks.

Despite their wishes, then-Independent Financial Group broker Justin Kyle McIntyre allegedly unsuitably recommended GWG L Bonds, which are illiquid junk bonds, as well as other illiquid non-traded products to them. These investments tend to pay financial advisors huge commissions but they are rarely in their customers’ best interests.

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.