Investor Lawyers Blog

Ponzi Scheme Attorneys

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

Ex-LPL Broker John Matson Accused of Operating Ponzi Scam. Our Ponzi Scheme Attorneys Are Investigating Investor Losses

If you are someone who sustained losses while working with former LPL Financial broker John Nicholas Matson, also the principal of South Bay Acquisitions, Shepherd Smith Edwards and Kantas (investorlawyers.com) want to talk to you. Matson, who was barred by the Financial Industry Regulatory Authority (FINRA) in 2022 following allegations of promissory note fraud involving an elderly customer, was fired by the broker-dealer that same year. Now, the US Securities and Exchange Commission (SEC) has filed charges accusing him of defrauding investors, including ex-brokerage customers, in an alleged Ponzi scam.

The SEC contends that between January 2012 and September 2021, Matson and his company made unregistered offerings of securities, raising more than $1.5M in the process. Through these “LLC Bonds” from South Bay, investors’ money was then allegedly used for Matson’s personal use.

Alternative Investment Fraud Lawyers

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

Elderly Investor Files L Bond Lawsuit Accusing Newbridge Securities of Making Unsuitable Investment Recommendation. Our Alternative Investment Fraud Lawyers Are Representing This Claimant

A senior investor is suing Newbridge Securities for up to $500K in damages for losses he sustained after the broker-dealer allegedly harmfully recommended high-risk junk bonds issued by GWG Holdings. That alternative asset firm is now accused of operating a more than $1.6B Ponzi scam.

Shepherd Smith Edwards and Kantas Alternative Investment Fraud Lawyers (investorlawyers.com) are representing this California claimant, whose case involves a financial advisor who appears to have been more concerned with earning high commissions rather than fulfilling her fiduciary duty to this investor and his wife.

Alternative Investment Lawyers

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

Did You Suffer Investor Losses While Working With Financial Advisor Angelo Talebi?

This Beverly Hills Financial Planners Investment Adviser May Have Unsuitably Sold GWG L Bonds, Non-Traded REITs

Shepherd Smith Edwards and Kantas (investorlawyers.com) are speaking with investors who sustained serious losses while working with California financial advisor Angelo Talebi. The ex-Independent Financial Group stockbroker, who is a registered investment adviser and the CEO of Beverly Hills Financial Planners, has 40 customer disputes listed on his CRD.

ETF Fraud Law Firm

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

For Investors, T-Rex 2X Inverse Nvidia Daily Target ETF Losses May Be Significant. Contact our ETF Fraud Law Firm Today To Explore Your Legal Options

The ETF Fraud Law Firm of Shepherd Smith Edwards and Kantas (investorlawyers.com) is continuing to speak to investors who sustained serious losses after their broker promoted and sold the T-Rex 2X Inverse Nvidia Daily Target ETF to them. This leveraged exchange-traded fund (ETF) was always a high-risk, very speculative, volatile investment and would have likely been unsuitable for inexperienced, retail investors from the start. That doesn’t mean it would have been an appropriate investment recommendation for every accredited or sophisticated investor either.

Unfortunately, not too long T-Rex 2X Inverse Nvidia Daily Target ETF’s share price dropped by 96% when Nvidia Corp’s (NASDAQ:NVDA) stock went up by 221.08%, which may have resulted in significant investor losses. If you speak with one of our skilled ETF loss attorneys, we can help you explore your legal options during your free, initial case assessment.

Non-traded REIT Loss Lawyers

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

Investors of Lightstone Value Plus REITs May Want to Explore Their Legal Options. Our Non-traded REIT Loss Lawyers Can Help You Assess The Cause Of Your Losses

In New York federal court, a group of investors have filed a class action lawsuit against Lightstone Value Plus REITs I, II, and III. The non-traded real estate investment trusts are sponsored and advised by The Lightstone Group. The claimants contend that thousands of Lightstone REIT investors may have been misled into approving charter amendments that got in the way of the liquidation of their investments.

The class action plaintiffs are pursuing damages for breach of contract, breach of fiduciary duty, and other relief. They allege that because of proxy statements that were misleading and incomplete, officers and directors involved were given more powers. Meanwhile, investors were prevented from realizing the true value of their investments.

SEC Securities Fraud Lawyers

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

I Am An Investor. The Broker I Suspect Defrauded Me Is Under Investigation by the SEC. Should I Still Sue? Find Out The Answer To That Question From Our Knowledgeable SEC Securities Fraud Lawyers

Shepherd Smith Edwards and Kantas SEC Securities Fraud Lawyers (investorlawyers.com) represent investors who sustained losses because of financial advisor fraud or misconduct. True, there are instances in which the broker under scrutiny might also be also under investigation by the US Securities and Exchange Commission (SEC) over the same or similar allegations of wrongdoing. As an investor, you might think this is all that is needed to hold the stockbroker liable for the financial harm that you suffered. However, that is not necessarily true.

One reason is there is no guarantee even with an SEC investigation that the broker will be found to have done anything wrong; or, even that happens, that you will end up getting all of your money back. Not only that, but the Commission has been known to reach settlements in enforcement actions with financial advisors that did not include any restitution. Also, with regulatory cases resulting in restitution, the victims who were harmed may not necessarily recoup all of their losses.

NY Alternative Investment Fraud Attorneys

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

New York Alternative Investment Fraud Attorneys

Contact Our Buffalo, NY Securities Law Office So We Can Help You Explore Your Legal Options

Shepherd Smith Edwards and Kantas NY Alternative Investment Fraud Attorneys (investorlawyers.com) represent investors throughout the state of New York who have sustained alternative investment losses that were likely unsuitably recommended to them by their financial advisor. If you contact our Buffalo, New York alternative investment fraud attorneys, we can help you assess whether the actions of your broker or investment adviser played a role.

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.

Stockbroker Misconduct Lawyers

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

What Do You Need To Prove You Were The Victim of Broker Fraud? Hiring Skilled Stockbroker Misconduct Lawyers Is One Way To Increase Your Chances For Financial Recovery

Shepherd Smith Edwards and Kantas Stockbroker Misconduct Lawyers (investorlawyers.com) represent investors against broker-dealers and investment advisors who owe them damages because of financial advisor fraud or negligence.

If you suspect that you were the victim of broker fraud, this is not the type of legal claim you want to pursue without a knowledgeable investment loss recovery firm representing you. What you can do first is to contact us today to request your free, initial no obligation case consultation.

Broker Negligence Lawyer

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

Can You Hold Your Broker-Dealer Liable For Losses Caused By A Predecessor Brokerage Firm? Working With A Skilled Broker Negligence Lawyer Could Maximize Your Chances for Financial Recovery

If you are an investor who suffered losses because of financial advisor negligence, Shepherd Smith Edwards and Kantas Broker Negligence Lawyer (investorlawyers.com) can help you explore your legal options and determine whether you can and should sue for damages. With broker-dealers being acquired or merging with other firms, a question we have been asked is, can an investor sue the “new” broker-dealer for losses sustained under the old one? It all depends on what caused your investor losses, whether the statute of limitations have passed, and other key factors.

Recently, Osaic Services was fined $250K after its predecessor firm SagePoint Financial was found to have failed to establish a supervisory system that would have prevented excessive trading and unsuitable options trading.