FINRA Arbitration

SSEK Broker Misconduct Attorney

Published on: October 30, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Barred Brokers May Still Pose A Risk To Investors

Many Find Ways To Keep Working As Financial Advisors Despite Industry Expulsion

According to a Financial Advisor IQ article, hundreds of brokers who have been barred by the Financial Industry Regulatory Authority (FINRA) continue to find ways to stay in business even if it is no longer registered representatives with a broker-dealer. Many continue to promote themselves as trusted financial advisors, wealth planners, or insurance agents.

FINRA Arbitration Attorneys

Published on: October 30, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas FINRA Arbitration Attorneys Secures $100,000 FINRA Arbitration Award Against TDAmeritrade

Our Client, An Older Investor, Was Defrauded By Scammers Through His Accounts With TDAmeritrade, now Charles Schwab & Co.

Our Texas elder financial abuse attorneys are pleased to announce that we have obtained a roughly $100,000 FINRA arbitration award for an Austin investor who lost much of his life savings after scammers managed to take money from his accounts with TDAmeritrade. The firm has since merged with Charles Schwab & Co.

FINRA Lawsuit Law Firm

Published on: October 16, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Stifel Nicolaus Ordered To More Than $14M in Damages, Including $9M in Punitive Damages, Over Structured Note Losses

Claimants Are Former Clients of Stifel Stockbroker Chuck Roberts

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Stifel, Nicolaus & Co. to pay over $14M to a Florida couple. That is almost $2M in compensatory damages, including interest, to these investors, more than $2M in compensatory damages to their business, $9M in punitive damages, $1.1M in legal fees, and $100K in costs.

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.

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.

FINRA Arbitrator Lawyers

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

GWG L Bonds Unsuitable For “Perhaps Anyone” Declares FINRA Arbitrator. Investor Awarded Almost $100K Against Greenberg Financial Group

The FINRA arbitrator who ordered brokerage firm Greenberg Financial Group and its longtime financial advisor David Michael Sherwood to pay $102K (including damages, fees, and interest) to a claimant called GWG L Bonds “not a suitable investment for the {client} or perhaps anyone.” These high-risk junk bonds, issued by GWG Holdings, were marketed and sold by approximately 40 regional brokers to retail investors, including retirees and seniors, all over the United States.

GWG, which filed for Chapter 11 bankruptcy protection in 2022, is accused of operating a more than $1.6B Ponzi scam. Meanwhile, L Bond investors, who thought they were buying into safe life settlement bonds, have found themselves with significant losses.

FINRA arbitration Law Firm

Published on: March 8, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Tokyo Couple Sues Bankoh and Broker Yoko Farias Over Northstar (Bermuda) Losses

Our Northstar Financial Services (Bermuda) Investment Recovery Lawyers Are Representing International Investors

In yet another FINRA arbitration claim, more Japanese investors are suing Bankoh Investment Services and its registered representative Yoko K. Farias over the losses they experienced in Northstar (Bermuda). In their six-figure lawsuit, the Tokyo couple is alleging overconcentration, unsuitable investment recommendations, misrepresentations and omissions, and gross lack of supervision. The Shepherd Smith Edwards and Kantas FINRA arbitration Law Firm are representing these international investors and others against both Bankoh and Farias.

FINRA Law Firm

Published on: December 11, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Serious Investment Losses While Working With Ex-Western International Securities Broker Christopher Kennedy?

Shepherd Smith Edwards and Kantas Represents Investors Who Have Been The Victims of Financial Advisor Fraud

The Financial Industry Regulatory Authority (FINRA) recently barred former Western International Securities broker Christopher Booth Kennedy. The ex-financial advisor has been accused of different kinds of stockbroker misconduct, including excessive trading, unauthorized trading, improper options trading, unsuitability, misrepresentations, breach of fiduciary duty, breach of contract, and negligence.

FINRA Lawsuit Attorney

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

Are You A Novice Investor Whose Broker Unsuitably Recommended GWG L Bonds?

You May Be Able To Pursue Damages By Filing A FINRA Lawsuit

If you are a GWG L bond investor who suffered serious losses in what is now believed to have been a classic Ponzi scam, please know that there is no guarantee that you will get much, if anything at all, back if you are relying solely on the regulatory actions and class action securities lawsuits. Not to mention that all of those could take years to resolve.

Annuity Loss Attorneys

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

I’m A CB Life Annuity Investor. Can I Sue My Citizens Securities Broker For My Losses?

Brokerage Firm Allegedly Sold Colorado Bankers Life Insurance Annuities To Retirees and Seniors

If you are one of the tens of thousands of investors whose funds have been frozen in a CB Life annuity from Colorado Bankers Life Insurance, you may be able to sue your broker-dealer for your losses. Dozens of brokerage firms are believed to have sold this financial product to investors, many of them older investors and retirees. The insurer remains in rehabilitation.