Current Investigations

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.

Portland Non-Traded REIT Fraud Attorneys

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

Portland, OR Non-Traded REIT Fraud Attorneys

Representing Oregon Alternative Investment Investors In Recovering Their Losses

From our Portland securities law office, Shepherd Smith Edwards and Kantas (investorlawyers.com) represents Oregon non-traded real estate investment trust (non-traded REIT) loss investors in pursuing the damages they are owed by negligent or fraudulent financial advisers. Non-traded REITs are alternative investments and they are not suitable for everyone. Unfortunately, unsuitable investment recommendations is a common reason why investors end up losing money unnecessarily. Often high-risk, illiquid, and complex, non-traded REITs tend to pay broker-dealers high commissions and fees, which sometimes causes financial advisors to disregard clients’ best interests.

FINRA Law Firm

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

Shepherd Smith Edwards and Kantas FINRA Law Firm Investigates Investor Losses Involving Barred Beverly Hills Broker Antoine Souma. We Represent High-Net-Worth Investors With FINRA Lawsuits

Our broker fraud lawyers are continuing to look into claims of investor losses by former clients of Beverly Hills financial advisor Antoine Souma. Previously registered with Insigneo Securities, JP Morgan Securities, Morgan Stanley, Galliot Capital Advisors, and other financial firms over the years, Souma was barred by the Financial Industry Regulatory Authority (FINRA) last year in the wake of stockbroker misconduct allegations, including claims of excessive trading.

A FINRA arbitration claim brought by one investor was settled by Insigneo Securities for $400K. In another broker fraud lawsuit involving Souma, JP Morgan Securities agreed to pay $14M to settle allegations brought by an investor blaming Souma for $20M in investment losses.

Overconcentration Attorneys

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

Are You The Victim of Overconcentration by Your Broker? Shepherd Smith Edwards and Kantas Overconcentration Attorneys Want To Talk To You

As an investor, you are always taking on a certain degree of risk. What you invest in is as important as whether or not your portfolio is properly diversified. This means making sure you aren’t placing all of your money in just one product or asset class especially if it is a high-risk one. As a matter of fact, according to market experts, diversification is considered a solid investing strategy and it can minimize the risk and magnitude of your losses if certain investments do poorly.

If you have hired a broker to manage your portfolio, it would be wonderful to think that they would automatically and properly diversify your assets according to your financial goals, risk tolerance level, age, investing experience, and other key factors. Unfortunately, that doesn’t always happen and many investors end up losing money because their financial adviser overconcentrated their account.

Reg D Investment Loss Lawyers

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

Did Your Financial Goal Securities Broker Sell You iCap Investments? Our Reg D Investment Loss Lawyers Continue To Investigate

Shepherd Smith Edwards and Kantas Reg D Investment Loss Lawyers (investorlawyers.com) represents victims of broker fraud and negligence. Currently, our Reg D Investment Loss Lawyers are investigating brokerage firm Financial Goal Securities for allegedly marketing and selling the following investments:

iCap

FINRA Broker Fraud Attorney

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

Did You Suffer Investor Losses While Working With Western International Securities Broker Jeffrey Higgins? Our FINRA Broker Fraud Attorney Are Investigating Misappropriation Allegations

Shepherd Smith Edwards and Kantas FINRA Broker Fraud Attorney Team (investorlawyers.com) is speaking to investors who sustained losses while working with now barred Western International Securities financial advisor Jeffrey Thomas Higgins. The broker-dealer recently fired the Oregon stockbroker after finding that he has been allegedly misappropriating clients’ money since 2007 when he was still registered with Financial West Group. That brokerage firm was expelled from the industry in 2020.

Already, at least one Financial Industry Regulatory Authority (FINRA) arbitration claim has been brought against Higgins. The claimant, who made allegations of unsuitable investment recommendations and misrepresentations and omissions, settled their claim for over $94K.

Non-Traded REIT Fraud Loss Lawyers

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

Blackstone REIT Investors Continue To Seek Redemptions. Our Non-Traded REIT Fraud Loss Lawyers Are Here To Evaluate Any Losses

Shepherd Smith Edwards and Kantas (investorlawyers.com) is continuing to investigate claims of losses involving Blackstone Real Estate Investment Trust (BREIT). While now, according to a July 1 client letter, it is reportedly able to keep up with investor redemption requests—BREIT received below $806M in buyback demands in June—we remain concerned about possible investment losses. If your broker-dealer marketed/sold you Blackstone REIT, another REIT or a non-traded REIT, contact us today to request your free, no-obligation case assessment.

According to a yearly report by Blackstone Real Estate Investment Trust, in 2023 it paid out more in distributions—$2.8B—than it possessed in cash flow—$2.7B. Investor redemption requests played a huge role in its woes and BREIT wasn’t even able to fully repay every withdrawal request that was made starting in late 2022 until February 2024. Its board of directors even approved going over the 5% of net asset value (NAV) quarterly limit to satisfy all repurchase requests in June 2024.

CB Life Annuity Fraud Attorneys

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

For CB Life Annuity Fraud Investors, Suing Their Broker May Be The Best Option For Financial Recovery. Our CB Life Annuity Fraud Attorneys Continue To Investigate Claims of Loss

Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing investors who have suffered losses in CB Life annuities issued by Colorado Bankers Life Insurance. These investments were marketed and sold by US-based brokerage firms that earned high commissions and fees. Meanwhile, thousands of investors have lost money in the six-figures.

Colorado Bankers Life Insurance is one of the many insurers owned by Greg Lindberg, who was recently convicted of wire fraud and is accused of defrauding annuity investors of over $2B. Placed in liquidation by the North Carolina Department of Insurance, this entity was found to have assets of about $1.37B and liabilities of $2.5B. Lindberg has long been suspected of funneling money from his insurance companies to his special purpose vehicles. Adding insult to injury, many CB life annuity investors are finding that their investment was never fully protected because they invested more than what could be covered.

Houston Non-Traded REIT Loss Lawyers

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

SSEK Houston Non-Traded REIT Loss Lawyers Representing Texas Non-Traded Real Estate Investment Trust Investors Against Negligent Brokers

Shepherd Smith Edwards and Kantas (investorlawyers.com) represent investors throughout The Lone Star State who have sustained serious portfolio losses because of non-traded real estate investment trusts (non-traded REITs) that were marketed and sold to them by a financial advisor. Contact us today.

What Is a Non-Traded REIT and How Is It Different From An REIT?

Alternative Investment Loss Attorneys

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

Shepherd Smith Edwards and Kantas Alternative Investment Loss Attorneys Investigate Resolute/PetroRock Investments

Sanford & Bernstein Broker Devin Patel And Other Financial Advisors Allegedly Unsuitably Sold Oil and Gas Investments

Our financial advisor fraud lawyers are looking into losses involving Resolute/Petrorock investments. We believe that retail investors, many of whom were at retirement age, may have been unsuitably marketed over $250M of these unregistered equity and debt securities, including oil and gas investments.