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Financial Advisor Fraud Attorneys

Published on: December 29, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Retail Investors Were Defrauded by Fired Western International Securities Broker Christopher Booth Kennedy, Alleges SEC . Former Financial Advisor Agrees to Pay Over $2.1M To Settle Regulator’s Fraud Lawsuit

If you are an investor who suffered losses while working with ex-Western International Securities stockbroker Christopher Booth Kennedy, contact Shepherd Smith Edwards and Kantas Financial Advisor Fraud Attorneys (investorlawyers.com) today. We are continuing to investigate claims by retail investors that he may have allegedly defrauded.

Kennedy, who was barred by the Financial Industry Regulatory Authority last year, settled US Securities and Exchange Commission (SEC) charges accusing him of running a scam to defraud retail investors by unsuitably recommending costly investment strategies, including the making of short-term bets, and then allegedly concealing “substantial” losses (even inflating false returns) using bogus financial statements. Without denying or admitting to wrongdoing, the former California broker will pay more than $2.1M, including a $958K penalty and $1.8M in disgorgement plus prejudgment interest.

L Bond Loss Recovery Lawyers

Published on: December 29, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Retiree Widow Files Six-Figure GWG L Bond Loss Recovery Lawsuit Against Ni Advisors. California Financial Advisor Sui-Hock Goy Is Accused of Negligence And other Misconduct

Shepherd Smith Edwards and Kantas L Bond Loss Recovery Lawyers (investorlawyers.com) are representing another claimant who is suing brokerage firm Ni Advisors over their GWG L Bond losses. This client, an inexperienced investor, is an octogenarian widow.

Also a respondent in the case is Ni Advisors broker and President Sui-Hock Goy. In her FINRA arbitration claim, our retiree client is alleging unsuitable investment recommendations, misrepresentations and omissions, failure to supervise, negligence, and more. She is requesting up to $500K in damages.

Alternative Investment Loss Attorney

Published on: December 29, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Are You An Investor Who Suffered Hatteras Investment Partners Fund Losses?

You May Have Been The Victim of Unsuitability or Other Broker Misconduct

If you sustained losses in one of the following Hatteras Investment Partners Funds, contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today to schedule your free, initial case consultation:

REIT Loss Law Firm

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

SmartStop Self Storage REIT Investors May Want To Explore Their Legal Options. Our Seasoned Non-Traded REIT Loss Law Firm Are Here To Help Determine Whether You Have Grounds For A Broker Fraud Case

Shepherd Smith Edwards and Kantas (investorlawyers.com) continue to investigate whether investors who have sustained losses in SmartStop Self Storage should be filing a claim for financial recovery against their broker-dealer that allegedly unsuitably recommended that they invest in this self-managed non-traded real estate investment trust (non-traded REIT).

Recently, SmartStop Self Storage announced to shareholders that it was suspending both its share redemption program and its distribution reinvestment plan as it considered “alternatives for stockholder liquidity.” This is not the first time SmartStop has suspended its share redemption program.

SSEK Wins Six-Figure Award For Retiree

Published on: December 12, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards & Kantas Wins Six-Figure Award For Retiree Against Citizens Securities Over CB Life Annuity Losses

Our Annuity Fraud Lawyers Represented This Investor in FINRA Arbitration

Shepherd Smith Edwards & Kantas (investorlawyers.com) is pleased to announce that a FINRA arbitration panel has awarded $152,382.41 in compensatory damage to our client against brokerage firm Citizens Securities. That is the full amount we requested on behalf of this elderly retiree at the hearing. Not only that, but the broker-dealer also has to pay $48,762.37 in attorney’s fees.

Gulfport, MS Investor Lawyers

Published on: November 22, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Mississippi Alternative Investment Fraud Law Firm. Our Gulfport, MS Investor Lawyers Are Here To Fight For You

Losing money due to investment fraud is never easy. It can be especially disturbing to find out that your portfolio losses could have been avoided were it not for broker misconduct or negligence. At Shepherd Smith Edwards and Kantas (investorlawyers.com), our Gulfport, Mississippi alternative investment loss attorneys represent retail investors, retirees, accredited investors, institutional investors, and high-net-worth investors who are seeking to recoup damages from financial advisors.

Some Reasons A Mississippi Alternative Investment Investor Might Want To Sue Their Broker Or Investment Adviser:

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.