Featured Investigation

Broker-Dealer Negligence Attorneys

Published on: June 1, 2023 | by Shepherd Smith Edwards & Kantas, LLP

When Retirees Are Targeted By Brokers in Ponzi Scams

Oppenheimer Must Pay Almost $14M Related to A$110M Scheme Run By Former Financial Advisor John Woods

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Oppenheimer & Co. to pay five Florida retirees and two trusts nearly $14M in losses they sustained in the $110M Horizon Private Equity III Ponzi scam run by its former Atlanta broker John J. Woods. The investors in this case, mostly ex-Delta Air Lines pilots and Air Force veterans, relied on the ongoing dividends from the Fund to support themselves and were devastated to discover that their investments were, in fact, worthless. The claimants contend that Woods had guaranteed high returns while claiming that their principal would stay safe.

Annuity Investor Loss Attorneys

Published on: June 1, 2023 | by Shepherd Smith Edwards & Kantas, LLP

For Northstar Financial Services (Bermuda) Investors The Time To Act Is Now

Our Seasoned Annuity Investor Loss Attorneys May Be Able To Help You Go After Your Broker

Nearly two and a half years after Northstar Financial Services (Bermuda) filed for bankruptcy protection, there has been no significant progress in liquidation proceedings. If you are someone who invested in an annuity or annuity-like product from this offshore entity and suffered significant losses, the time to act is now.

Brokerage Firm Arbitration Lawyers

Published on: June 1, 2023 | by Shepherd Smith Edwards & Kantas, LLP

When A Brokerage Firm Violates Investors’ Best Interests Through Alleged Misconduct

FINRA Expels SW Financial For Allegedly Making Misrepresentations and Omissions

The Financial Industry Regulatory Authority (FINRA) has expelled SW Financial following multiple alleged violations related to Regulation Best Interest (Reg BI). The self-regulatory organization (SRO) contends that between January 2018 and December 2021, the broker-dealer and its co-owner Thomas Diamante made purported misrepresentations and omissions related to the sale of private placement offerings of pre-IPO securities and also allegedly engaged in churning and committed supervisory failures. This excessive trading allegedly impacted multiple customer accounts, resulting in costs of over $350K and losses greater than $465K.

Broker Misappropriation Attorneys

Published on: May 24, 2023 | by Shepherd Smith Edwards & Kantas, LLP

When Broker Misappropriation Leads to Investor Losses

Ex-Aegis Capital Financial Advisor Surage Roshan Perera Allegedly Stole $4M From Investor

If you are an investor who suffered losses while working with former Aegis Capital broker Surage Roshan Perera, Shepherd Smith Edwards and Kantas (investorlawyers.com) would like to talk to you. Our skilled broker misconduct attorneys have been investigating current and former registered representatives from that brokerage firm for some time, most recently related to their sale of GWG L Bonds to investors. GWG Holdings is now accused of operating a more than $1.6B Ponzi scam.

Oil and Gas Investment Fraud Attorneys

Published on: May 24, 2023 | by Shepherd Smith Edwards & Kantas, LLP

When Oil and Gas Investment Fraud Lead To Financial Losses

Contact Our Skilled Texas Oil and Gas Investor Loss Attorneys Today

The US Securities and Exchange Commission (SEC) has filed a civil complaint against Clean Energy Technology Association Inc., Freedom Impact Consulting, LLC, and other defendants accusing them of raising $155M from more than 500 investors in an alleged oil and gas-related fraud. The securities regulator contends that allegedly false statements were made about the leasing of carbon capture units to big oil and gas producers. Investors were told they would be paid returns from the supposed revenues made from running these units. Now, the SEC is contending that the investment is a “sham.”

San Diego CA Broker Fraud Attorneys

Published on: May 15, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Working With Southern California Investors To Recoup Their Losses Caused by Stockbroker Misconduct

The team of San Diego CA Broker Fraud Attorneys at Shepherd Smith Edward and Kantas (investorlawyers.com), know that trusting a financial advisor to manage, grow, and keep your money safe is a big step. We also understand how devastating it can be to have that trust breached causing you to suffer significant investment losses.

Our San Diego broker fraud lawyers represent investors in Southern California, as well as other investors with brokerage accounts in that region, in pursuing damages caused by the wrongful or negligent actions of their registered representatives.

Structured Product Attorneys

Published on: May 15, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Did Your Broker Sell You Signature Bank Autocallable Notes?

Our Broker-Dealer Negligence Lawyers Can Help You Explore Your Legal Options

In March 2023, Signature Bank shuttered its doors. The Shepherd Smith Edwards and Kantas Structured Product Attorneys (investorlawyers.com) are speaking to investors whose financial advisors may have allegedly unsuitably recommended that they get involved in the Autocallable Contingent Coupon Equity Linked Securities Linked to Signature Bank Due August 5, 2024. Sponsored by Citigroup Global Markets, this is a structured note that came with an “auto-call” feature. Autocallable notes are complex financial instruments that can lead to potentially high returns but also come with significant risks.

Annuity Loss Lawyers

Published on: May 15, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Are You A Senior Investor Who May Be The Victim of Annuities Fraud

Our Savvy Annuity Loss Lawyers Are Representing Investors In Recouping Their Losses

The team of Annuity Loss Lawyers at Shepherd Smith Edwards and Kantas (investorlawyers.com) is offering free, initial case consultations to those who have suffered significant losses in annuities. Unfortunately, annuity fraud does happen. Many victims are older investors who have lost their retirement savings in what they were led to believe was a safe, low-risk investment.

Annuity Investor Fraud Lawyers

Published on: May 15, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Are You A Massachusetts Investor Whose Citizens Securities Financial Advisor Sold You Colorado Bankers Life Insurance Annuities?

Our Annuity Investor Fraud Lawyers May Be Able To Help

The team of Annuity Investor Fraud Lawyers at Shepherd Smith Edwards and Kantas (investorlawyers.com) are offering free, initial case consultations to Massachusetts investors who suffered losses in Colorado Bankers Life Insurance annuities. This includes those who were sold their policies by a Citizens Securities financial advisor. Citizens Securities, which is a Citizens Financial Group subsidiary, is now under investigation by Massachusetts Secretary of State William Galvin’s office.

Broker Dealer Negligence Lawyers

Published on: May 15, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Did You Work With Ex-Stifel Nicolaus Broker Joseph Crespi and Suffer Investment Losses?

As Broker-Dealer Is Ordered to Pay $3.2M, Investors Struggle To Recoup Their Money

Our broker dealer negligence lawyers are speaking to former customers of ex-financial advisor Joseph Crespi to determine whether they have grounds for a FINRA lawsuit against Stifel Nicolaus, which is where he was a registered representative from 2018 to 2022. On May 1, 2023 Massachusetts Secretary of the Commonwealth William Galvin ordered the brokerage firm to pay a $2.5M penalty and over $700K in restitution after finding that it disregarded red flags indicating that Crespi was allegedly engaging in unauthorized trading and charged excessive fees to individual investors, churches, and nonprofit organizations.