FINRA

FINRA Lawsuit Attorneys assist TCA Fund Investors

Published on: November 8, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Alleged Unsuitability and Due Diligence Failures May Be Grounds for a FINRA Lawsuit

If you are someone whose financial advisor recommended one of the TCA Global Credit Funds to you, there may be reasons to sue your broker-dealer for damages. In 2020, TCA Fund Management Group Corp. and key executives were accused of securities fraud, including allegedly fraudulently inflating the net asset values and performance outcomes of a number of its funds. This purportedly led to hundreds of investors being defrauded while leaving its funds, which allegedly falsely held about $516M, in serious trouble. Affiliated company TCA Global Credit Fund GP Ltd. also was accused of investor fraud.

Shepherd Smith Edwards and Kantas (investorlawyers.com) are working with a number of TCA Global Fund investors to determine whether they have grounds for a FINRA lawsuit. Unfortunately, it appears that alleged due diligence failures, unsuitability, misrepresentations and omissions, and broker negligence may have been factors when certain brokers marketed and sold one of these TCA Funds to customers:

Why Working With A Skilled FINRA Law Firm Can Increase Your Ability to Recover Losses

Published on: November 8, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Why Working With A Skilled FINRA Law Firm Can Increase Your Chances of Recovering Your GWG L Bond Losses

Our Seasoned Brokerage Firm Negligence Attorneys Continue To File Investor Loss Claims For L Bond Investors

While broker-dealers all over the United States earned high commissions and fees from selling GWG L Bonds to clients, including to retail investors and retirees for whom these risky life-settlement-backed bonds were unsuitable, many of these customers are continuing to grapple with their investment losses. Now, with GWG Holdings, Inc., which issued $1.6B of these high-yield junk bonds, in bankruptcy proceedings, investors’ best bet for recouping their losses is by filing a Financial Industry Regulatory (FINRA) arbitration claim against their brokerage firm.

FINRA Lawsuit Filing Options for Latin American Investors

Published on: October 25, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Can Latin American Investors Pursue Northstar Financial Services (Bermuda) Investment Losses?

If you are an investor from Latin America, Central America, or South America who was recommended and sold Northstar Financial Services (Bermuda) products by a US-based brokerage firm, you should speak with our variable annuity investment fraud lawyers right away. Unfortunately, it appears that despite looking to the United States for a safe haven for their assets, many foreign nationals were unsuitably sold Northstar (Bermuda) fixed- and variable annuity products from this offshore entity by US-based financial advisors. If you fall into any of the above categories, you may need to contact a FINRA lawsuit attorney.

One can only assume that the high commissions and fees earned by broker-dealers for selling Northstar Financial Services (Bermuda) investments purportedly took greater precedence over looking out for these customers’ best interests. Many of the victims are retail investors and older investors, including retirees, who have now suffered losses in the six figures.

Should You File a FINRA Arbitration Claim Over Private Placement Sale Losses?

Published on: October 13, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Broker-Dealer Negligence Alleged Related To Investor Losses Tied to GPB Auto and GPB Holdings II

Should You File a FINRA Arbitration Claim Against Sanctuary Securities Over Your GPB Private Placement Sale Losses?

If you are someone whose Sanctuary Securities broker recommended that you invest in GPB Capital Holdings private placement funds, you may be able to file a Financial Industry Regulatory Authority arbitration claim or FINRA arbitration claim for your losses. The broker-dealer is one of the dozens of US-based firms accused of unsuitably recommending and selling GPB Capital Holdings private placement shares, in particular those involving GPB Automotive Portfolio, LP, and GPB Holdings II, LP, to customers.

What Should Investors Know About The FINRA Arbitration Process?

Published on: September 14, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd, Smith, Edwards, and Kantas Has Been Fighting For Investors for Over 30 Years

If you are an investor looking to pursue financial recovery for your investment losses caused by unsuitable investment recommendations, misrepresentations and omissions, unauthorized trading, or other grounds, there is a very good chance that you signed an agreement with your broker-dealer in which you both consented to resolve any disputes through the Financial Industry Regulatory Authority (FINRA) arbitration process. You may not have realized this at the time, but with that agreement, you essentially gave up your right to sue your brokerage firm and their financial advisor in court.

This is where Shepherd, Smith, Edwards, and Kantas’ securities lawyers (investorlawyers.com) can help. Our skilled FINRA lawyers have been fighting for investors for years and this includes representing our clients before panels of arbitrators all over the United States.

SSEK Law Firm Is Representing More Investors with GWG L Bond Claims Against Centaurus Financial

Published on: August 24, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Retail Customers Are Each Requesting Up to Six Figures in Damages for Their Losses

Our GWG L Bond loss attorneys continue to file Financial Industry Regulatory Authority (FINRA) arbitration claims against Centaurus Financial because its affiliated brokers unsuitably marketed and sold L Bond to customers, including inexperienced investors and retirees.

Here are the recent claimants and the Centaurus brokers involved:

Former Clarity Capital Partners’ Kyle Chapman in Newport Beach Sold GWG L Bonds to Retail Customers

Published on: August 22, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Irvine, CA Claimants Are Pursuing Up To $500K in Damages from American Trust Investment Services

Three Southern California investors have filed a six-figure Financial Industry Regulatory Authority (FINRA) arbitration claim against broker-dealer American Trust Investment Services over their GWG L Bond losses. The claimants, who are related, worked with former broker Kyle William Chapman, who was a registered investment adviser with Clarity Capital Partners in Newport Beach until July 2022.

Our L Bond loss attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) represent these claimants in FINRA arbitration. A panel of three arbitrators in Los Angeles will hear their case.

Nelson Partners’ Liquidation Plan That Would Pay $50M to Skyloft Austin Investors Gets Final Court Approval

Published on: August 21, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Unfortunately, Property Management Firm May Not Be Able to Come Up with All the Funds

According to attorneys for Greg Milligan, the plan administrator for liquidation proceedings involving luxury high-rise student building Skyloft Austin, a court has approved on a final basis the liquidation plan that would require Nelson Partners Student Housing to pay its investors a claim of $50M. Under the Stipulation and Plan of Liquidation, the real estate management firm will likely have to sell most of its twenty students housing real estate properties to obtain this money.

The website of this property management company shares that Nelson Partners own off-campus student housing properties in multiple US States, including various buildings close to the following universities:

Moloney Securities Brokers Shane DeSherlia and Dale Timmerman Allegedly Unsuitably Recommended GWG L Bonds to Illinois Retirees

Published on: August 20, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Brokerage Firm Allegedly Pursued Commissions over Customers’ Best Interests

Three Illinois retirees have filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Moloney Securities, pursuing up to six figures in damages for bond losses sustained in GWG Holdings L Bonds. The two brokers, Shane Michael DeSherlia and Dale Erbin Timmerman, allegedly unsuitably recommended these risky junk bonds to the retirees. DeSherlia in Jerseyville, Illinois, is a registered investment adviser with Moloney Securities Asset Management, whereas Timmerman is associated with Timmerman & Co. in Vandalia, Illinois.

Our professional L Bond investment loss attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyrs.com) represent these elderly investors in their FINRA arbitration claim against Moloney Securities. An arbitrator will preside over their case in Chicago.

Customers of Ex-First Allied Securities Broker Chad Barancyk Are Requesting More Than $2.1M in Damages

Published on: August 18, 2022 | by Shepherd Smith Edwards & Kantas, LLP

FINRA suspends former Florida Financial Advisor

The Financial Industry Regulatory Authority (FINRA) has indefinitely suspended ex-broker Chad Ryan Barancyk after he failed to respond to the self-regulatory organization’s probe. FINRA attorneys requested more information on the arbitration award/settlement agreement, which the former broker allegedly didn’t address.

Barancyk was fired by Great Point Capital, Chicago, where he worked as a registered representative for less than a year between 2021 to 2022.