Current Investigations

FINRA Arbitration Lawyer

Published on: June 26, 2024 | by Shepherd Smith Edwards & Kantas, LLP

There Is Still Time To Pursue Damages From Oppenheimer Over Your Horizon Private Equity III Losses

SEC Bars Former Southport Capital Investment Advisers For Alleged Involvement in $110M Ponzi Scam

Shepherd Smith Edwards and Kantas FINRA Arbitration Lawyer Teams (investorlawyers.com) is representing investors who sustained losses in the $110M Horizon Private Equity III Ponzi scam. Run by ex-Oppenheimer broker John Justin Woods, this investment scheme defrauded hundreds of investors, including seniors, veterans, and retirees from at least 20 US states. Woods also ran the registered investment advisory firm Southport Capital (Livingston Group Asset Management Company) while he was with Oppenheimer.

DST Loss Lawyers

Published on: June 17, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas DST Loss Lawyers Are Investigating HPI Real Estate Opportunity Fund IV Losses

Our Investment Loss Recovery Lawyers Can Help You Explore Your Legal Options

If you suffered investment losses in HPI Real Estate Opportunity Fund IV or any of the other real estate private equity investment funds and 1031 Delaware Statutory Trust (DST) programs from Hamilton Point Investments, LLC, contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today. We represent investors who may have been unsuitably recommended any of the following by their broker-dealer:

Investment Loss Law Firm

Published on: June 17, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Institutional Investors File 7-Figure FINRA Lawsuit Morgan Stanley Alleging Broker Fraud

Claimants Are Seeking Up To $5,000,000 In Damages

The Shepherd Smith Edwards and Kantas Investment Loss Law Firm (investorlawyers.com) recently filed an institutional investor claim against Morgan Stanley Smith Barney (DBA as Morgan Stanley Private Wealth Management) over losses sustained because of alleged gross negligence, fraudulent actions, and breach of fiduciary duty by the firm and Morgan Stanley broker Brian Pfeifler.

GWG L Bond Loss Recovery Attorney

Published on: June 17, 2024 | by Shepherd Smith Edwards & Kantas, LLP

GWG Investors Awarded More Than $600K in FINRA Lawsuit Against Cornerstone Financial Planning

Investment Adviser John Wolf Is A Respondent In This Broker Fraud Claim

Two investors were awarded $613,825K in compensatory damages from their GWG L Bond loss recovery lawsuit against Cornerstone Financial Planning and its financial advisor John William Wolf. The claimants had alleged unsuitability, misrepresentation, negligence, gross negligence, and breach of fiduciary duty. Wolf, who is no longer a Cornerstone stockbroker, remains a registered investment adviser with this firm.

Institutional Investment Fraud Lawyers

Published on: June 17, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Research Foundation Awarded More Than $7.3M In Their FINRA Lawsuit Against Principal Securities. Our Institutional Investment Fraud Lawyers are Representing Nonprofits, Charitable Organizations, Endowment Funds, And Institutional investors

Churning, Unsuitability, and Supervisory Failures Alleged in Nonprofit’s Broker Fraud Claim

A Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded over $7.3 million to the Rosenau Family Research Foundation (formerly known as The Legacy of Angels Foundation) in their stockbroker fraud claim against Principal Securities. The 501 (c)(3) nonprofit, which helps promote awareness and education around Cystic Fibrosis and Krabbe disease, accused the brokerage firm of allegedly excessive trading in variable annuities, making unsuitable investment recommendations, supervisory failures, negligence, and other acts of broker misconduct.

BREIT Loss Attorneys

Published on: June 10, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Blackstone REIT Investors May Have Reason To Worry. Our BREIT Loss Attorneys Are Investigating Claims Of Losses

If you are an investor who has sustained serious losses in the $59B Blackstone Real Estate Income Trust (BREIT), contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today. Our seasoned real estate investment trust (REIT) loss attorneys have been looking into this high-risk product since it first limited redemption requests starting in November 2022.

An annual report by BREIT stated that it paid out more to investors than it made in 2023—$2.8B in distributions, which was beyond its $2.7B of cash flows. The fund’s performance was impacted by requests by investors to get their money back. In February 2024, Blackstone REIT was able to fully pay all withdrawal requests since late 2022. For May 2024, its board decided to let the trust go beyond a 2% monthly limit order to satisfy such requests. Once a $70B behemoth, BREIT’s net asset value (NAV) has dropped significantly.

Options Trading Strategy Attorneys

Published on: June 10, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Texas Couple Sues Fidelity Over Options Strategy Investment Losses

Fidelity’s Advisory Referral Program Being Wrongfully Pushed on Fidelity’s Clients

Fidelity Brokerage Services, LLC (Fidelity) is facing claims related to its Wealth Advisor Solutions product (WAS) that Fidelity uses to recommend “third-party independent investment advisory firms.” Essentially, this program allows Fidelity to make money from its customers by referring the customer to others for investment advice and management. In particular, our investigation by our Options Trading Strategy Attorneys has uncovered that Fidelity is pushing this on its customers with “dormant” assets that are not paying any fees to Fidelity.

Non-Traded REIT Attorneys

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

Are You An Investor Who Suffered Losses in Starwood Real Estate Income Trust? Contact our Non-Traded REIT Attorneys for help!

$10B Non-Traded REIT Is In Trouble As Investors Continue To Clamor For Redemptions

If you are waiting to get your money from the Starwood Real Estate Income Trust (SREIT), Shepherd Smith Edwards and Kantas (investorlawyers.com) want to talk to you. The $10B non-traded real estate investment trust (non-traded REIT) from Starwood Capital Group has been limiting investor redemptions in an attempt to preserve its cash and credit. This includes, according to regulatory filings, only fulfilling $500M of the $1.3B of investor withdrawals made in the first quarter of this year. Withdrawal requests for just 2023 were said to be at $2.6B. Starwood REIT recently reportedly withdrew $1.3B from its credit line of $1.5B to meet redemption demands. SREIT’s total indebtedness is believed to be as high as $15B.

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.