Current Investigations

Structured Product Fraud Attorneys

Published on: November 22, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Stifel, Nicolaus & Co. Ordered To Pay Investors $2.35M Over Structured Note Losses

This Latest FINRA Arbitration Award Again Involved Broker Chuck Roberts

Once again, a Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Stifel, Nicolaus, & Co. to pay investors who sustained structured product losses—callable structured notes, in particular— while working with financial advisor Chuck Roberts. This time the award is for $2.35M. The award itself is for almost $1.9M while the remainder is for legal fees. In his investor lawsuit, the claimant alleged negligence, negligent supervision, fraud, and more.

Exchange-Traded Fund Lawyers

Published on: November 22, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Leveraged ETF Losses While Working With Former Ameriprise Broker George Snyder IV? Our Exchange-Traded Fund Lawyers Can Help You Determine Whether Broker Misconduct Was A Factor

While there is the potential for making huge gains with a leveraged exchange-traded fund (leveraged ETF), there is also the risk of huge losses. This can be especially devastating if you are a retail investor who was unsuitably recommended this alternative investment by your financial advisor. Shepherd Smith Edwards and Kantas (investorlawyers.com) represent ETF investors with securities fraud claims against their broker-dealers.

We are currently investigating leveraged ETF losses involving former customers of suspended Ameriprise Financial broker George Snyder IV. The ex-Missouri financial advisor recently consented to a five-month suspension term and a $10K fine to settle Financial Industry Regulatory Authority (FINRA) findings alleging that he unsuitably recommended investments—non-traded exchange-traded products (NT-ETPS), particularly leveraged ETFs—that were not in some customers’ best interests.

Structured Product Fraud Lawyers

Published on: November 22, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Is Investigating B Riley Investment Losses. Our Structured Product Fraud Lawyers Speaking To Investors To Explore Their Legal Options

If you are an investor who sustained losses in a B Riley Financial-issued investment that was marketed and sold to you by your financial advisor, contact Shepherd Smith Edwards and Kantas Structured Product Fraud Lawyers (investorlawyers.com) today. We are looking into the following investments:

NASDAQ: RILY

ETF Loss Recovery Attorneys

Published on: November 13, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Did Investors Lose Money In T-Rex 2X Inverse Nvidia Daily Target ETF’s Stock Drop? Our ETF Loss Recovery Attorneys Are Investigating

If you sustained losses after your financial advisor marketed and sold the T-Rex 2X Inverse Nvidia Daily Target ETF (BATS:NVDQ) to you, contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today. This exchange-traded fund (ETF) experienced a decline after Nvidia Corp’s (NASDAQ:NVDA) stock rise of 221.08%. Inversely, T-Rex 2X Inverse Nvidia Daily Target ETF share price went down by 96%.

This exchange-traded fund is meant to correspond to twice the inverse performance of Nvidia Corporation’s stock. It lets investors bet against Nvidia stock’s performance or hedge to existing long positions in Nvidia. The T-Rex 2X Inverse Nvidia Daily Target ETF is supposed to rise in value when Nvidia’s stock price goes down. The ETF is supposed to lose value when Nvidia’s stock price goes up. Derivatives are used by the leveraged ETF to bet against Nvidia’s performance.

Churning Attorneys

Published on: November 13, 2024 | by Shepherd Smith Edwards & Kantas, LLP

When Excessive Trading Violates Regulation’s Best Interest

Broker-Dealer PHX Financial Accused of Costing Customers $1M

According to the Financial Industry and Regulatory Authority (FINRA), excessive trading is what happens when a registered financial professional recommends a large number of trades that are not in line with a customer’s investing goals. Instead, it is the financial advisor who benefits, usually in excess commissions earned. Another term for excessive trading is churning.

REIT Fraud Lawyers

Published on: November 13, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Are You An Investor Who Sustained Losses in KBS REIT III? Our Skilled Non-Traded REIT Fraud Lawyers Can Help You Explore Your Legal Options

Shepherd Smith Edwards and Kantas (investorlawyers.com) is continuing to investigate losses involving KBS Real Estate Investment Trust III, Inc. (KBS REIT III). We recently filed a six-figure lawsuit against LPL Financial and its Houston registered representative Bradley Alan Bowman on behalf of a Texas retiree who sustained significant losses in this publicly registered non-traded real estate investment trust (non-traded REIT), as well as other alternative investments.

In light of the recent news that KBS REIT III has amended its loan agreement with lenders, in part to extend the maturity date of its amended loan of $601.3M until November 20—this is its sixth extension agreement—the concerns over potential investor losses continue.

Misrepresentations and Omissions Lawyers

Published on: November 13, 2024 | by Shepherd Smith Edwards & Kantas, LLP

When Misrepresentations Lead To Investor Losses

Two JPMorgan Chase Affiliates Ordered to Pay $151M By the SEC

Broker-dealers are required to ensure that customers are given accurate and complete information when it comes to investments that they are recommending. This is one of the reasons that in a recent enforcement action, the US Securities and Exchange Commission (SEC) announced that JPMorgan Securities and JPMorgan Investment Management agreed to pay a combined $151M in civil penalties and investor payments to settle a number of enforcement actions over allegations that included misleading disclosures, as well the failure to act in clients’ best interests and a breach of fiduciary duty.

New Orleans Alternative Investment Fraud Attorneys

Published on: November 13, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Our Louisiana Securities Law Firm Is Here To Protect and Fight For Investors Against Rogue and Negligent Brokers

From our Metairie, LA law offices in East Jefferson Parish, Shepherd Smith Edwards and Kantas New Orleans Alternative Investment Fraud Attorneys (investorlawyers.com) is proud to represent Louisiana investors who have sustained alternative investment losses caused, even if just in part, by financial advisor fraud or negligence.

For over 30 years, our New Orleans alternative investment loss law firm has represented retail investors, retirees, accredited investors, high-net-worth investors, and institutional investors in arbitration, mediation, and litigation. We care about helping to make our clients financially whole again.

Alternative Investment Loss Attorneys

Published on: November 7, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Hatteras Core Alternative Funds And Investor Losses

Our Alternative Investment Loss Attorneys Are Investigating For Broker-Dealer Negligence

Shepherd Smith Edwards and Kantas Alternative Investment Loss Attorneys (investorlawyers.com) are continuing to investigate the brokerage firms and their registered representatives that may have unsuitably recommended Hatteras Investment Partners Funds to customers. In particular, these investments include:

Broker Churning Attorney

Published on: November 7, 2024 | by Shepherd Smith Edwards & Kantas, LLP

If You Sustained Investment Losses While Working With Suspended Spartan Capital Broker Jesse Krapf, Contact Us Today

New York Financial Advisor Is Suspended by FINRA for Alleged Churning, Unsuitable Trading, and More

Our Broker Churning Attorney teams are investigating claims of losses involving customers of Spartan Capital registered representative Jesse D. Krapf. The New York financial advisor was suspended by the Financial Industry Regulatory Authority (FINRA) for five months for allegedly unsuitable and excessive trading and violating Regulation Best Interest (Reg BI) while working with an older customer.