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Investment Loss Recovery Law Firm

Published on: August 30, 2023 | by Shepherd Smith Edwards & Kantas, LLP

UBS To Pay Over $1.4B For Selling Mortgage-Backed Securities

Broker-Dealer Held Accountable For Allegedly Negligent Sales Practices

The US Department of Justice announced that UBS AG consented to pay $1.435B in penalties to settle claims accusing the financial firm of making misrepresentations when it sold residential mortgage-backed securities (RMBS) in 2006 and 2007. This was the last case that a Department of Justice Working Group filed against entities that created and issued RMBS ahead of the 2008 economic crisis. The federal government contends that UBS committed fraud when selling 40 RMBS, including making purportedly misleading statements about the mortgage loans underlying the securities to buyers.

Broker Misrepresentations

Published on: August 30, 2023 | by Shepherd Smith Edwards & Kantas, LLP

What Should I Do If My Broker Made Misrepresentations About My Investment and I Lost Money?

SEC Orders Titan To Pay $1M Over Ad That Used Hypothetical Returns

In its first enforcement action related to a new marketing rule involving hypothetical-performance ads, the US Securities and Exchange Commission (SEC) is ordering Titan Global Management to pay $1,042,454. The FinTech investment adviser is accused of violating the regulator’s marketing rule by advertising incredibly high-performance outcomes for its “Titan Crypto” investment strategy. The firm claimed there could be, purportedly, annualized returns of 2,700% but gave that projection without providing any material information or context.

Annuity Investment Loss Lawyer

Published on: August 30, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Mexico Institutional Investor Sues Ocean Financial Services For Northstar (Bermuda) Losses

Our Annuity Investment Loss Lawyer Teams Represent Individuals and Institutions in Recouping Damages From Brokerage Firms

An institutional investor from Mexico is seeking up to $500K in damages from Ocean Financial Services. The claimant—a family foundation—worked with broker Maria Calcena whom they met through Ocean Bank.

Broker Fraud Lawyers Recoup Investment Losses

Published on: August 30, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Can I Get my Investment Losses Back?

Our Broker Fraud Lawyers May Be Able To Help

Not all investment losses warrant grounds for financial recovery. Some investor losses can happen and no wrongdoing was involved.

Elder Financial Exploitation Attorney

Published on: August 22, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Are You or Someone You Love A Victim of Elder Financial Exploitation By Your Broker?

Our Elder Financial Exploitation Attorney Team May Be Able To Help

According to a 2020 AARP Public Policy Institute study, older investors lose $3B a year to elder financial fraud. The perpetrator may be a friend, loved one, acquaintance, stranger, or even a stockbroker or investment adviser.

Annuity Loss Attorneys

Published on: August 22, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Another Chinese Investor Sues Cetera Over Northstar Financial Services (Bermuda) Losses. Our Annuity Loss Lawyers Continue To File Broker Fraud Lawsuits For Foreign Nationals in Asia and Latin America

Once again, the Annuity Loss Attorneys at Shepherd Smith Edwards and Kantas (investorlawyers.com) have filed an annuity fraud lawsuit against Cetera Investment Services on behalf of an international investor who suffered losses in Northstar Financial Services (Bermuda). The claimant, who is a citizen of and resides in China, is seeking up to six figures in damages.

She contends that former Cetera broker Linda Fang, who she met through East West Bank in Southern California where she had a US-based bank account, abused her trust. This Chinese investor is alleging the unsuitable investment recommendations of Northstar (Bermuda), essentially 100% concentration of a significant portion of her assets in this offshore investment, misrepresentations and omissions about the risks and certain negative facts that later came to light, and purportedly continued inaccurate reassurances that all was well even after the brokerage firm stopped marketing this financial product to clients. The claimant is accusing Cetera of gross lack of supervision.

California Broker Negligence Attorneys

Published on: August 22, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Fired Oppenheimer Broker Zachary Taylor Under Scrutiny Following Unauthorized Trading Allegations

Our Skilled California Broker Negligence Attorneys Are Investigating Investor Losses Involving This Newport Beach Financial Advisor

If you suffered significant losses while working with former Oppenheimer stockbroker Zachary Ellis Taylor, please contact Shepherd Smith Edwards and Kantas team of California Broker Negligence Attorneys (investorlawyers.com) today. Taylor, who was fired by the broker-dealer in May 2023, has been accused of alleged unauthorized trading in a client’s account. He is now a registered Saxony Securities financial advisor and also does business as 9Dot Wealth.

Bond Fraud Attorneys

Published on: August 22, 2023 | by Shepherd Smith Edwards & Kantas, LLP

I’m A GWG L-Bond Investor. How Can I Recoup My Losses? Our High-Yield Bond Fraud Lawyers Continue To Sue Brokerage Firms For Claimants

More than one year after GWG Holdings filed for bankruptcy, L-Bond investors are still fighting to recoup their losses. Shepherd Smith Edwards and Kantas Bond Fraud Lawyers (investorlawyers.com) are representing many of these claimants in suing their broker-dealers for damages. While many investors may be hoping to get their money back directly from the alternative asset firm, the chances for a full recovery that way—and who knows how long it will take or whether the company will be able to pay back much if anything at all—are pretty slim.

However, one way to get back your losses is to pursue your financial recovery from the brokers that marketed and sold you these troubled high-risk junk bonds that paid them high commissions. Unfortunately, thousands of L-Bondholders, many of them retirees and seniors, have suffered substantial losses in what they allegedly were led to believe were safe, conservative life settlement-backed bonds.

Florida Investor Loss Lawyers

Published on: August 22, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Florida Investor Loss Lawyers

Our Tampa Broker Fraud Law Firm May Be Able To Help You Recoup Damages

With the number of investment-related scams reportedly growing—the Federal Trade Commission said that consumers lost more money to investment fraud than any other category in 2022 (Comparitech estimates that figure to be at about $6.38B)—Florida investors need to exercise great caution when investing. This is true even when working with a financial professional because many investor losses have been known to happen because of broker fraud or negligence.

Houston Investment Loss Recovery Law Firm

Published on: August 22, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Houston Investment Loss Recovery Law Firm

Fighting For Texas Investors Against Their Broker-Dealers Since 1990

For over 30 years, Shepherd Smith Edwards and Kantas (investorlawyers.com) has represented investors throughout Lone Star State from both our Houston headquarters and our Dallas law office. We help retail investors, retirees, seniors, high-net-worth individual investors, and institutional investors in pursuing damages for their investment losses caused by broker fraud or misconduct.