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.
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.
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.
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.
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
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
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.
Shepherd Smith Edwards and Kantas Represent CB Life Annuity Investors Against Broker-Dealers. Thousands of Retirees’ Assets Remain Frozen in Colorado Banker’s Life Insurance Annuity Policies
If you are an investor who has been waiting a number of years to get your money back from a CB Life annuity issued by Colorado Bankers Life Insurance, know that this could be a futile attempt. Not only have your assets been frozen for some time, but also the insurer remains in rehabilitation with liquidation proceedings continuing to be delayed. Meanwhile, owner Greg Lindberg has been charged with allegedly defrauding policyholders of $2B. He also, according to a new court filing he submitted in litigation against him and his companies, owes at least $1.9B to creditors. As Shepherd Smith Edwards and Kantas Annuity Loss Law Firm (investorlawyers.com) Senior Partner and annuity fraud loss attorney Kirk Smith said in a recent Wall Street Journal article, rather than wait for years to get back who knows how much, if anything at all, from Colorado Bankers Life Insurance, CB Life annuity investors may want to explore other legal options.
Already, we are representing a number of CB Life annuity investors, many of them retirees, in pursuing damages from the broker-dealers that allegedly unsuitably marketed and sold them these investments. This includes broker fraud claims brought against Citizens Securities, which is currently under investigation by Massachusetts regulators for its sale of these particular annuity policies.
For Northstar Financial Services (Bermuda), Fixed-Rate Annuity Investors Filing A Broker Fraud Lawsuit May Be Only Option. Bermuda Supreme Court Order Deems That Fixed Account Holders Will Likely Recovery Nothing From Liquidation
In its July 28, 2023 ruling, The Supreme Court of Bermuda concluded that Northstar Financial Services (Bermuda) did not use any methods to keep track of or identify which funds or assets belonged to fixed-rate annuity policyholders. Because of this, there are no segregated funds for these investors to recover from the liquidation proceedings. What this means is, barring a separate legal claim for breach of contract against the insurer, these investors will likely receive nothing. The FINRA Arbitration Attorney team at SSEK are helping these investors.
This is all the more reason why Northstar (Bermuda) fixed-rate annuity investors need to explore their other legal options with Shepherd Smith Edwards and Kantas (investorlawyers.com) today. Since 2020, when Northstar Financial Services (Bermuda) filed for bankruptcy, we have been going after the brokerage firms that allegedly unsuitably recommended this offshore entity, misrepresented and omitted the risks, or overconcentrated investors’ accounts with these investments. Our clients include both fixed-rate annuity investors and variable-rate annuity investors from Latin America and Asia who have suffered significant losses in what many of them were told were safe, low-risk investments.
Did You Suffer Investment Losses in DigitalBridge REIT?
Our Trusted Real Estate Investment Trust Loss Lawyers May Be Able to Help
Real estate investment trusts (REITs) can be very risky and they may not be suitable for many retail investors and retirees. Unfortunately, this does not always stop brokers from unsuitably recommending them to customers. Shepherd Smith Edwards and Kantas’ (investorlawyers.com) Real Estate Investment Trust Loss Lawyers represent investors in recouping REIT losses caused by broker fraud or misconduct. Please contact us today to request your free, no-obligation case assessment so that we can help you determine whether you should sue your broker-dealer for damages.
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