Investor Fraud

Shepherd Smith Edwards and Kantas Investigates Claims Involving Ex-NYLIFE Securities Broker Over Future Income Payments Sales

Published on: February 21, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Ex-NYLIFE Securities Broker Accused Of Selling Investments In Mass Ponzi Scam

If you suffered losses after former NYLIFE Securities broker, Kari Bracy, also known as Kari Falwell, or any other registered representative persuaded you to invest in Future Income Payments, please contact Shepherd Smith Edwards and Kantas (SSEK Law Firm) today.

Our stockbroker securities law firm has been looking into claims involving Future Income Payments, LLC. By the time the company stopped doing business in 2018, over 2600 investors were owed more than $300M. The firm has since been accused of running a Ponzi scam.

Ex-Morgan Stanley Broker Elias Hafen Sentenced To Prison For Investment Fraud

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

Ex-Morgan Stanley Broker Sentenced To 30 Months

Please contact Shepherd Smith Edwards and Kantas (SSEK Law Firm) if Elias Herbert Hafen, a former Morgan Stanley (MS) and Wells Fargo (WFC) broker, was your financial representative when you suffered substantial investment losses that you think may be due to fraud. Hafen is sentenced to 30 months in prison for defrauding former clients of over $1.6M.

The prison term comes after Hafen pleaded guilty to investment advisor fraud. Prosecutors contend that Hafen sought to defraud 11 retail customers, between 2011 until 2018, by making them think he had access to a high-yield fund that would bring them guaranteed investment returns.

Rogue Broker Named in Over 50 Complaints Found Guilty of Mail & Wire Fraud

Published on: February 10, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Rogue Broker Convicted & Faces Decades In Prison

A jury has convicted Anthony Diaz, a barred rogue stockbroker who was fired by several brokerage firms and has been the subject of more than four dozen customer complaints, of 11 counts of wire fraud and mail fraud. Each criminal court comes with a maximum sentence of 20 years in prison.

Shepherd Smith Edwards and Kantas (SSEK Law Firm) have been speaking to former customers of Diaz who sustained investment losses while working with him. If you are one of these investors, contact our broker fraud attorneys today. You may have grounds for a civil claim against the brokerage firm where he was working at the time.

Shepherd Smith Edwards and Kantas Investigates Suspended First Western Securities Broker Kerry Dean Wills

Published on: February 5, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Stockbroker Accused Of Improperly Borrowing From Older Customer

If you suffered investment losses while First Western Securities broker, Kerry Dean Wills was your financial representative, contact Shepherd Smith Edwards and Kantas (SSEK Law Firm).

Kerry Dean Wills, who is also a registered investment advisor, was recently suspended for six months by the Financial Industry Regulatory Authority (FINRA) and ordered to pay a $10K fine over allegations of elder investment fraud.

Shepherd Smith Edwards and Kantas Investigates Barred Mutual of Omaha Broker Edward Matthes

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

Edward Matthes, Ex-Stockbroker Accused of Elder Investor Fraud

The US Securities and Exchange Commission (SEC) is accusing former broker, Edward Matthes of defrauding older investors of $2.4M. Matthes was a registered stockbroker and an investment advisor. The Financial Industry Regulatory Authority (FINRA) and the Wisconsin Department of Financial Institutions Securities Division have both permanently barred him.

The Federal Bureau of Investigation (FBI) opened a probe into his alleged actions last year. Matthes was a registered Mutual of Omaha broker from 2012 – 2019 which was when the firm fired him. He worked in the industry for 20 years.

Shepherd Smith Edwards and Kantas Investigates Ex-Morgan Stanley Broker John Cahill

Published on: January 10, 2020 | by Shepherd Smith Edwards & Kantas, LLP

FINRA Bars Former Morgan Stanley Representative

The Financial Industry Regulatory Authority (FINRA) has barred former Morgan Stanley broker, John Joseph Cahill. The ex-registered representative, who was fired from Janney Montgomery Scott early last year, is accused of potentially converting and/or misappropriating an elderly client’s funds while he was at Morgan Stanley.

John Cahill Is Accused of Elder Investor Fraud

Shepherd Smith Edwards and Kantas Investigates Investor Claims Involving SBLOC Losses

Published on: December 30, 2019 | by Shepherd Smith Edwards & Kantas, LLP

Many SBLOC Investors Not Apprised of Risks

If you are an investor who suffered significant losses from securities-backed line of credits (SBLOCs) and your brokerage firm and their broker neglected to tell you about the risks involved, our investment fraud lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm) would like to talk to you. SBLOCs are not for every investor and they are certainly not for those that are unable to handle too much risk.

What are SBLOCs?

Shepherd Smith Edwards and Kantas Investigates Claims Involving NYPPEX Broker Laurence Allen

Published on: December 13, 2019 | by Shepherd Smith Edwards & Kantas, LLP

NYPPEX Private Equity Fund Manager Accused Of $13M Investor Fraud

Laurence G. Allen, the CEO of New York-based broker-dealer, NYPPEX Holdings LLC, is accused of defrauding investors of over $13M. New York Attorney General, Leticia James, filed a securities fraud lawsuit suing Allen, a private equity manager who is also a registered broker and a former investment advisor.

If you were one of these investors that suffered losses from working with Laurence Allen, contact Shepherd Smith Edwards and Kantas, LLP (SSEK Law Firm) today.

Shepherd Smith Edwards and Kantas Investigates Claims Involving Lincoln Investment Planning Broker Lester Burroughs

Published on: December 10, 2019 | by Shepherd Smith Edwards & Kantas, LLP

SSEK Investigate Lincoln Investment Planning Broker, Lester Burroughs

If Lincoln Investment Planning investment advisor and broker, Lester Burroughs, worked with you as an investor and you suffered financial losses that you suspect may be due to fraud or negligence, please contact our broker fraud lawyers at Shepherd Smith Edwards and Kantas, LLP (SSEK Law Firm) today.

Burroughs, who pleaded guilty to wire fraud in the criminal case against him, is currently at the center of a parallel US Securities and Exchange Commission (SEC) complaint accusing him of defrauding retail investors. Now, the regulator is seeking a jury trial in its civil lawsuit against the Lincoln Investment Planning broker, who had been based out of Connecticut.

Shepherd Smith Edwards and Kantas Investigates Claims Involving 1 Global Capital Investments

Published on: November 25, 2019 | by Shepherd Smith Edwards & Kantas, LLP

SSEK Investigate Investment Fraud Claims Made Against 1 Global Capital

If you are someone who invested in 1 Global Capital notes at the recommendation of your broker or financial advisor, you may have grounds for filing an investment fraud claim. 1 Global is accused of operating a $322M scam and defrauding at least 3,600 investors including older investors who lost their retirement funds as a result.

Contact Shepherd Smith Edwards and Kantas, LLP (SSEK Law Firm) today so we can determine whether you have grounds for a broker fraud case to help you recover your money.