Investor Fraud

Shepherd Smith Edwards and Kantas Continues to Investigate Investor Losses Involving Robinhood Financial Outages Before COVID-19

Published on: April 6, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Robinhood Financial Apologizes To Investors For Outages

If you are an investor who recently sustained losses through Robinhood Financial’s investing platform, contact our investment fraud attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm) today.

Robinhood Financial, which provides an online platform that facilitates stock, exchange-traded funds (ETFs), and other investment trades without charging commissions, recently experienced technical snafus that caused major outages and prevented trading on March 2nd and March 3rd.

Las Pérdidas en las Inversiones durante el Coronavirus tiene a los Inversionistas Buscando Respuestas

Published on: March 31, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Si usted es como muchos americanos con inversiones, podría estar luchando con cómo manejar las pérdidas masivas que afectan su cartera mientras el novedoso coronavirus (COVID-19) continúa haciendo estragos en la economía, los mercados, la industria laboral y la vida de las personas. De lo que puede que usted no se haya percatado es que las pérdidas en sus inversiones también pueden ser el resultado de fraude o negligencia por parte de su corredor o asesor financiero, y es aquí en lo que los abogados de inversionistas de la firma de Shepherd Smith Edwards & Kantas (SSEK) pueden ayudarlo.

Nuestro bufete especializado en fraude en las inversiones representa inversionistas detallistas, inversionistas individuales con un patrimonio neto alto, e inversionistas institucionales a través de los Estados Unidos. Aun cuando nosotros, al igual que ustedes, nos adherimos a las nuevas directrices establecidas para prevenir la propagación del COVID-19, nuestros abogados y el resto de nuestro equipo se mantienen trabajando arduamente preparando, a nombre de nuestros clientes, reclamaciones de arbitraje ante la Autoridad Reguladora de la Industria Financiera (FINRA) en contra de corredores, asesores financieros, y sus firmas.

Aquí está lo que debe conocer sobre demandar a su corredor o asesor financiero

Some Brokers Are Taking Advantage Of Investors During The COVID -19 Coronavirus

Published on: March 24, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Watch Out for Brokers Looking to Make High Commissions During COVID-19

With the market crashing in the wake of the Coronavirus (COVID-19), many investors are suffering from massive losses in their portfolio and are looking to their brokers for investment advice.

Unfortunately, not all stockbrokers work with their customers’ best interests at heart, breaching their fiduciary duty in the process. There are also unscrupulous registered representatives who may even seek to take advantage of these hard times and try to persuade investors to buy into risky investments that charge high commissions. Such fraudulent and negligent behavior will lead to even more investment losses and ultimately, acts of stockbroker misconduct.

Broker Fraud and Investment Losses During The Time of The Coronavirus

Published on: March 20, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Investment Losses During Recent Market Crisis May Be Recoverable

Investors throughout the United States are grappling with financial investment losses as markets continue to remain volatile in the wake of Coronavirus (COVID-19). The recent oil price drops, the rise in unemployment as businesses are forced to shutter and lay off employees, and a flailing economy has done nothing to assuage growing concerns.

Already, Shepherd Smith Edwards and Kantas (SSEK Law Firm) has spoken to a number of these investors to see how we might help.

Shepherd Smith Edwards and Kantas Investigates Investor Claims Involving Cline Financial Group and National Securities Corporation

Published on: March 18, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Non-Traditional Investment Losses

If you were an investor who sustained investment losses while working with Mark Alan Cline, contact Shepherd Smith Edwards and Kantas, LLP (SSEK Law Firm) today. Our brokerage firm misconduct lawyers work with clients who have suffered financial losses due to the negligent, fraudulent or other wrongful actions of their financial representatives.

Based out of Wildwood, Florida, Cline operates the Cline Financial Group. According to its website, Cline Financial Group offers what are known as non-traditional investments such as Real Estate Investment Trusts (“REITs”), Delaware Statutory Trusts (“DSTs”) and Non-Traded Preferred Stocks. Based on Cline’s official record with the Financial Industry Regulatory Authority (“FINRA”), the entity that regulates all brokerage firms and advisors, he is an employee of National Securities Corporation.

SSEK Investigates Investment Loss Claims Involving Wells Fargo Broker Jeffrey Eiler

Published on: March 13, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Wells Fargo Stockbroker Accused Of Overconcentration & Unsuitable Investments

Wells Fargo Clearing Services broker, Jeffrey Eiler, has been the subject of 12 customer investment loss disputes, most of which were settled and a few that were denied. If you are an investor who lost money while Eiler was your registered representative, our stockbroker fraud attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm) want to offer you a free case assessment.

The customer disputes against Eiler go back more than twenty years. According to his BrokerCheck record, most of the settlements were paid by the firm where he was a registered representative.

Shepherd Smith Edwards and Kantas Investigates Investor Claims Involving Robinhood Financial

Published on: March 6, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Investors Who Used or Currently Use Robinhood Financial May Have Grounds for a Claim

If you are someone who lost money while using Robinhood Financial to make investments, Shepherd Smith Edwards and Kantas (SSEK Law Firm) would like to speak with you to help you explore whether you have grounds for a claim.

Robinhood Financial offers commission-free trading of stocks, exchange-traded funds (ETFs), and other investments. Its website, along with its app, has executed tens of billions of dollars of trades since its inception in 2013.

Christopher Shaw, Founder and President of CJS Wealth Management, is the Subject of a FINRA Complaint Involving GPB Capital Recommendations

Published on: March 3, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Elderly Investor Claims $250K in GPB Fraud Losses

In yet another GPB private placement fraud case, our broker fraud attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm) have filed a claim on behalf of an investor.

This time, the respondents are Pruco Securities and Kalos Capital, which the firm has gone after in previous private placements claims over the same investments and broker, Christopher Shaw. The claimant, who is an elderly woman from North Carolina is reporting over $250K in losses. She is seeking up to $500K in damages plus interests and other costs.

Shepherd Smith Edwards and Kantas Investigates Claims Involving Investment Adviser George Marwieh Over Future Income Payments Notes

Published on: February 28, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Texas State Revokes George Marwieh’s RIA License

Our broker misconduct lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm) are investigating claims by customers who were sold Future Income Payments notes by their financial advisers or brokers.

One of these advisers, George A. Marwieh, got his license revoked by the state of Texas. This bars him from working as a registered investment adviser (RIA) in Texas. Marwieh and his Marwieh Advisory Services, LLC are based in Austin, Texas.

GPB Capital Sued Again: A Class Action Fraud Case and One Lawsuit by Volkswagen

Published on: February 24, 2020 | by Shepherd Smith Edwards & Kantas, LLP

GPB Capital Holdings Faces Another Securities Fraud Lawsuit

Already the subject of mass fraud accusations, including allegations of a $1.8B Ponzi scam, the alternative assets firm is once again the defendant of two new lawsuits.

Adding to a growing list of GPB Capital lawsuits is another class action securities fraud case. The other, brought by Volkswagen of America, is accusing GPB Capital of breaking its agreement when it fired Prime Automotive Group CEO, David Rosenberg, last year.