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Broker Fraud Lawyer Team

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

Elderly Investor Files REIT Loss Lawsuit Against Sanctuary Securities. Our Broker Fraud Lawyer Are Representing This Widow Who Is Seeking Up To $500K In Damages

An elderly retiree is suing Sanctuary Securities (AKA David A. Noyes & Co.) for losses she sustained in risky investments, including real estate investment trusts (REITs). Shepherd Smith Edwards and Kantas Broker Fraud Lawyer Team (investorlawyers.com) is representing this senior investor in her Financial Industry Regulatory Authority (FINRA) arbitration lawsuit. She is requesting up to $500K in damages.

The claimant, who is in her 90s, contends that former David A. Noyes broker Kevin Michael McDougall allegedly sold her unsuitable investment recommendations that were too risky given her age, investing experience, and conservative risk tolerance level. McDougall also purportedly misrepresented the products he recommended as low-risk safe when, in fact, they were high-risk, unproven, and illiquid investments.

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.

REIT Loss Law Firm

Published on: August 18, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Time For American Healthcare REIT Investors To Explore Their Legal Options. As Share Price Falls, Filing A Broker Fraud Claim May Be Best Chance For Financial Recovery

Shepherd Smith Edwards and Kantas REIT Loss Law Firm (investorlawyers.com) is offering free, no obligation case consultations to American Healthcare REIT (NYSE:AHR) investors. The real estate investment trust saw its shares drop almost 3% on August 6, 2024 as the lock-up period for legacy non-traded REIT shareholders concluded. A product of the merger between Griffin-American Healthcare REIT III, Griffin-American Healthcare REIT IV, and American Healthcare Investors, in February 2024, AHR arrived on the New York Stock Exchange with a 56 million share/IPO at $12/share. Meanwhile, legacy investors had purchased their 66 million shares for $40/share. (American Healthcare REIT’s estimated net asset value (NAV) for Class I and Class T common stock in March 2023 following a 4-1 reverse stock split was $31.40/share. )

This real estate investment trust has a portfolio made up of medical office buildings, skilled nursing facilities, senior housing, and hospitals collectively valued last September 2023 at about $4.6B. Earlier this year, Comrit made a third-party tender offer looking to buy 228,136 of the REIT’s shares at a reduction. There was also the suspension of American Healthcare REIT’s share repurchase plan in 2022 (barring requests related to qualifying disability or death). March 2023, quarterly distributions were reduced for Class T and Class I common stockholders.

Northstar Financial Services Loss Attorneys

Published on: August 18, 2024 | by Shepherd Smith Edwards & Kantas, LLP

There Is Still Time For Asian Investors To Try Recouping Their Northstar (Bermuda) Losses. Our Northstar Financial Services Loss Attorneys Represent International Investors Against US-Based Brokerage Firms

In the latest news involving Northstar Financial Services (Bermuda), owner Greg Lindberg is now under further scrutiny by the federal government, which seeks forfeiture of $1.5M in funds seized from him. The North Carolina billionaire, who was recently convicted again of bribery and fraud, is awaiting another criminal trial in which he is accused of defrauding annuity investors of more than $2B.

Among his alleged victims are investors from Asia, especially China and Japan, who were unsuitably marketed and sold Northstar Financial Services (Bermuda) investments by US-based brokerage firms. Investing in this offshore entity was a risky proposition from the start. Foreign nationals were deprived of the regulatory protections they could have availed of if only their financial advisor had sold them comparable US-based products instead.

Ponzi Scam Lawyers

Published on: August 18, 2024 | by Shepherd Smith Edwards & Kantas, LLP

GPB Investors’ Best Bet Remains To Pursue Damages From Broker-Dealers. Alternative Asset Company’s Executives Are Convicted of Securities Fraud

If you are an investor who sustained losses in GPB Capital Holdings’ more than $1.7B Ponzi-like scam, contact the Shepherd Smith Edwards and Kantas Ponzi Scam Lawyers (investorlawyers.com) today. For the past few years, we have been representing those whose financial advisors allegedly unsuitably recommended these private placements to them.

On August 1, 2024, a New York federal jury convicted former GPB Capital CEO David Gentile and GPB placement agent Ascendant Capital owner Jeffry Schneider of securities fraud, wire fraud, and conspiracy to commit both. The US Justice Department noted that the jury determined that the defendants lied about the health of the GPB funds and the source of fund distribution payments while fraudulently using investors’ money to keep up the “appearance of successful portfolio companies.” Prosecutors said that many thousands of investors were defrauded. Now, the two men face up to 20 years in prison.

Non-Traded Real Estate Investment Trust Loss Lawyers

Published on: August 18, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Starwood REIT Investors Should Explore Their Legal Options. Our Non-Traded Real Estate Investment Trust Loss Lawyers Are Here For You

Shepherd Smith Edwards and Kantas Non-Traded Real Estate Investment Trust Loss Lawyers (investorlawyers.com) continues to offer free, initial, no obligation case assessments to Starwood Real Estate Income Trust (SREIT) investors. Just a few months after the non-traded real estate investment trust lowered the monthly redemption limit from 2% to .33% of stockholder net asset value (NAV), a tender offer has been made at well under NAV. (Purportedly, beginning July 1, 2024, the quarterly redemption limit for SREIT investors was lowered to from 5% to 1%.)

The tender offer comes from Mackenzie Realty Capital and its affiliates. They want to buy 700,000 shares of Starwood REIT Class S common stock for $17/share in cash. Mackenzie claims that SREIT’s share repurchase program is oversubscribed and just 30% to 55% of redemption requests were fulfilled over the past year. That is about $326M in allegedly unmet redemption requests.

Chicago Non-Traded REIT Fraud Law Firm

Published on: August 18, 2024 | by Shepherd Smith Edwards & Kantas, LLP

The SSEK Chicago Non-Traded REIT Fraud Law Firm Represent Illinois Investors in Suing Their Financial Advisors For Broker Misconduct

For more than 30 years, Shepherd Smith Edwards and Kantas (investorlawyers.com) has been fighting for non-traded real estate investment trust (non-traded REIT) investors throughout Illinois in recovering the damages they are owed because of financial advisor fraud or negligence. Unfortunately, unsuitable recommendations, misrepresentations and omissions, concentration, and best interest violations by stockbrokers lead to many portfolio losses that could have otherwise been avoided, which is why we are here to help.

Our Chicago, IL non-traded REIT loss attorneys have the knowledge, skills, and experience needed to give you the best chance possible for financial recovery. This is not the kind of legal case you want to pursue without seasoned securities representation advocating for you.

San Francisco Non-Traded REIT Fraud Law Firm

Published on: August 18, 2024 | by Shepherd Smith Edwards & Kantas, LLP

The SSEK San Francisco Non-Traded REIT Fraud Law Firm is Representing Investors in The SF Bay Area and the Surrounding California Regions Against Financial Advisors

For over 30 years, Shepherd Smith Edwards and Kantas (investorlawyers.com) has been representing Californians who have suffered losses caused by broker misconduct and negligence. This includes non-traded real estate investment trust (non-traded REIT) investors.

While this type of REIT is open to retail investors, inexperienced investors, and retirees, it doesn’t always mean that a non-traded REIT is a suitable investment for every investor. A lot has to be assessed, including the individual’s financial goals, risk tolerance level, age, the makeup of their portfolio, and more.

Stockbroker Negligence Law Firm

Published on: August 18, 2024 | by Shepherd Smith Edwards & Kantas, LLP

When Broker Negligence Leads to Your Investment Losses. Contact Our Stockbroker Negligence Law Firm Today

Shepherd Smith Edwards and Kantas Stockbroker Negligence Law Firm (investorlawyers.com) represents clients who suffered losses because of negligence by their broker. This is one of the most common legal grounds noted in investment loss recovery claims and happens way too often.

Financial advisors owe their customers a duty of care and broker-dealers can be held liable if this duty is not fulfilled and serious losses result. A basic negligence claim generally has to prove certain elements:

New Jersey GWG L Bond Loss Attorney

Published on: August 18, 2024 | by Shepherd Smith Edwards & Kantas, LLP

New Jersey Investor Files Six-Figure GWG L Bond Loss Lawsuit Against Newbridge Securities

Broker-Dealer Is Accused of Supervisory Failures, Breach of Fiduciary Duty, And More

Once again, Shepherd Smith Edwards and Kantas New Jersey GWG L Bond Loss Attorney Teams (investorlawyers.com) are representing a client in their investment loss recovery claim over losses they sustained in GWG L Bonds. The respondent, Newbridge Securities, is being sued for up to six-figures in damages.