Featured Investigation

CYES Investor Loss Lawyers

Published on: October 3, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Merrill Lynch and Harvest Volatility Management To Pay $9.3M Over CYES Strategy

SEC Alleges That Investors Ended Up Losing Money and Paid Higher Fees

According to the US Securities and Exchange Commission (SEC), Merrill Lynch and Harvest Volatility Management have consented to pay a combined $9.3M penalties and disgorgement to settle charges accusing both firms of exceeding client investment limits when employing the Collateral Yield Enhancement Strategy (CYES). This purportedly cost customers to pay higher fees and suffer investment losses.

GWG Bond Loss Law Firm

Published on: October 3, 2024 | by Shepherd Smith Edwards & Kantas, LLP

SEC Files Lawsuit Against Ex-Moloney Securities Broker Robert Vance Over GWG L Bond Sales. Our GWG Bond Loss Law Firm Is Representing Investors Who Worked With This Former California Financial Advisor

If you sustained losses in GWG Holdings L Bonds that were allegedly unsuitably recommended to you by ex-stockbroker Robert Morgan Vance, contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today. Already, we are representing two investors in their six-figure investment loss recovery claim against Moloney Securities, which is where Vance used to be a registered representative. They are accusing him of unsuitably recommending GWG L Bonds and misrepresenting the risks. We are also representing other L Bond investors against Moloney Securities.

Now, the US Securities and Exchange Commission (SEC) is suing Vance for alleged best-interest violations when selling $4.3M in GWG L Bonds. GWG Holdings, which filed for bankruptcy in 2022, is now accused of running a more than $1.6B Ponzi scam that has cost thousands of investors, including seniors and retirees, serious portfolio losses. Meanwhile, dozens of broker-dealers, including Moloney Securities, allegedly profited through the high sales commissions and fees they were paid.

Dallas Non-Traded REIT Fraud Law Firm

Published on: October 2, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Dallas Non-Traded REIT Fraud Law Firm. We Work With Texas Investors Against Negligent and Bad Brokers Who Unsuitably Sell Alternative Investments

From our securities law offices in Dallas and Houston, Shepherd Smith Edwards and Kantas (investorlawyers.com) works with investors throughout Texas in pursuing the damages they are owed because a financial advisor may have unsuitably marketed and sold them non-traded real estate investment trusts (non-traded REITs). These are illiquid, risky investments, many of which can be sold to retail customers, seniors, and retirees. However, that does not always mean that non-traded REITS are an appropriate recommendation for every customer.

Our Dallas, TX non-traded real estate investment loss attorneys know how to determine whether broker fraud or negligence was involved. We have been fighting for investors in The Lone Star State against broker-dealers all over the United States for more than 30 years. With over a 100 years of collective experience in securities law and the securities industry, our Texas investor law firm has represented clients in over 1000 matters in arbitration, mediation, and litigation. More than 90% of investors we have worked with have secured full or partial financial recovery because of our skilled efforts and dedication.

Alternative Investment Loss Law Firm

Published on: October 2, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Houston, TX Alternative Investment Loss Law Firm

We Represent Texas Investors Who Have Suffered Losses Because of Unsuitable Recommendations and Other Kinds of Broker Fraud

From our Houston, Texas securities law office, Shepherd Smith Edwards and Kantas represents investors who have sustained losses in alternative investments that were unsuitably marketed and sold to them by their financial advisor. This is an investment that doesn’t fall under the more conventional categories of investments. Most alternative investments do not even have to be registered with the US Securities and Exchange Commission (SEC) and are not subject to many of its requirements.

Options Strategy Loss Lawyer

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

Houston Retirees File $5,000,000 Lawsuit Against Fidelity

Shepherd Smith Edwards & Kantas, LLP (investorlawyers.com) Options Strategy Loss Lawyer teams are representing more Fidelity customers wrongfully convinced to use options to hedge their concentrated position. This is at least the third similar case SSEK has been retained to work on for a Fidelity investor with a large position in a single company who was told to use that to engage in a covered call strategy against that position.

In the most recent case, a Houston couple has filed a FINRA arbitration against Fidelity Brokerage Services alleging that the covered call strategy sold to them was misrepresented and far too risky. Ultimately, the stock they were holding went up in value significantly, resulting in almost $8 million in losses from this recommended strategy.

Florida Non-Traded REIT Attorneys

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

From Our Tampa, FL Securities Law Office, Our Florida Non-Traded REIT Attorneys Represent Investors Against Negligent Brokers

Please contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today if you are an investor who lost money in a non-traded real estate investment trust (non-traded REIT) that was recommended to you by your financial advisor. Unfortunately, while this kind of alternative investment is generally open to retail investors, retirees, and seniors throughout Florida, too many losses of late have led to FINRA lawsuits against the broker-dealers that marketed and sold non-traded REITs to customers.

What Might Your Broker Have To Do With Your Non-Traded REIT Investment Loss?

Elder Financial Exploitation Loss Lawyer

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

Did Your Broker-Dealer’s Negligence Enable Elder Financial Abuse?

Elderly Senior Sues Charles Schwab For Allegedly Failing To Protect Her From Scammers

A 91-year-old woman is suing Charles Schwab & Co., both the brokerage and the affiliated bank, in court. The plaintiff contends that Schwab allegedly did not protect her, a vulnerable person, from scammers who stole over $278K of her savings, including money that was supposed to pay for senior housing. She claims that the Schwab representatives neglected to follow Schwab’s own guidance regarding elder financial abuse and senior investors.

Failure To Supervise Investor Attorneys

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

Are You An Investor Who Suffered Losses Because of Broker-Dealer Supervisory Failures?

FINRA Orders Wells Fargo Clearing To Pay Over $3M Following Allegedly Unsuitable Short-Term Trades

Shepherd Smith Edwards and Kantas Failure To Supervise Investor Attorneys (investorlawyers.com) represent clients who have sustained losses because a broker-dealer’s failure to supervise their registered representatives resulted in allegedly unsuitable recommendations or trades. If you suspect that your investment losses could have been avoided were it not for financial advisor misconduct or negligence, contact us today.

REIT Fraud Attorney

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

Elderly Retiree Sues LPL Financial For Six-Figure REIT Losses. Our Seasoned REIT Fraud Attorney Team is representing Arkansas Widow

A novice retiree investor is seeking up to $500K in damages from LPL Financial for losses she sustained in illiquid real estate investment trusts (REITs). Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing this claimant in her Financial Industry Regulatory Authority (FINRA) arbitration claim against this broker-dealer.

In her FINRA lawsuit, this Arkansas widow contends that instead of receiving prudent investment advice, her late husband’s ex-LPL financial advisor allegedly unsuitably recommended risky products, including privately traded REITs that are generally bad investments for novice investors, including retirees that are reluctant to take on undue risk.

Margin Abuse Law Firm

Published on: September 20, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Florida Investor Sues TD Ameritrade For $5 Million in Losses. Our Skilled Margin Abuse Law Firm Are Representing This Claimant

A Fort Lauderdale, Florida investor who was trading options using TD Ameritrade’s platform has filed a seven-figure lawsuit against the broker-dealer. This investor contends that margin abuse, including raising the margin requirement on one of his investments by 500%, essentially wiped out his account immediately and unnecessarily. Now, this investor is seeking up to $5 million in damages for his losses.

The Shepherd Smith Edwards and Kantas Margin Abuse Law Firm (investorlawyers.com) is representing this investor in his FINRA lawsuit against TD Ameritrade. Incredibly, it appears that for most of the options contracts he secured through the broker-dealer’s platform, he was either the only one, or one of the very few, with these options contracts.