Investor Lawyers Blog

SSEK Alternative Investment Loss Lawyer

Published on: November 22, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Secured Income Group Investors May Be Victims of Alleged $100M Investment Fraud

If you are someone who invested in Secured Income Group, you may be reeling from the news that in September 2022, the US Securities and Exchange Commission (SEC) filed civil charges accusing the real estate investment company, its owner/President Max McDermott, and investor relations representative Stacey Porter with running an alleged $100M offering fraud. $99.9M of “Secured Debentures” were reportedly offered to investors, including many non-accredited investors.

Secured Debentures were touted as safe, “CD-like” even, only with a higher yield. Secured Income Group claimed that it would hold the loans it made, as well as corresponding security interests while collecting income from them. It was from this income that investors were told to expect 6% to 9% in interest rate payments. Instead, many of them have suffered significant investment losses.

FINRA Lawyers Representing Clients of Ex-JP Morgan Securities Broker Ed Turley

Published on: November 21, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Former San Francisco Financial Advisor Is Barred Following Over $100 Million in Investor Claims Filed Against JP Morgan

Nearly a year after FINRA Lawyers, Shepherd Smith Edwards and Kantas (investorlawyers.com) won a $4 million Financial Industry Regulatory Authority (FINRA) arbitration claim against JP Morgan Securities, the former star broker involved, Edward Turley, has been now barred from the industry. Turley, who was the financial advisor in at least nine recently filed customer complaints alleging unauthorized and excessive trading, has consented to the bar. Turley’s former clients are claiming that they suffered over $100 million in investment losses.

The ex-San Francisco-based financial advisor was fired by JP Morgan Securities in August 2021. Last month, FINRA, which was investigating the allegations against him, asked Turley to provide testimony about his trading patterns. This would have included patterns involving margin and foreign currency, as well as the buying and selling of preferred stock and high-yield bonds. Turley declined. His refusal to testify violates FINRA Rule 8210, which requires brokers to cooperate with enforcement investigations, as well as FINRA Rule 2010, which requires high standards of commercial honor for FINRA members.

Our Broker-dealer Arbitration Law Firm is Investigating Western International Securities

Published on: November 16, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Are You An Investor Who Suffered Losses While Working With a Western International Securities Financial Advisor?

Our FINRA Lawyers Are Investigating Ex-Western International Securities Broker Daniel Beech

Over the past year, Shepherd Smith Edwards and Kantas, a Broker-dealer Arbitration Law Firm, (investorlawyers.com) have filed FINRA lawsuits on behalf of investors seeking to recover financial losses allegedly caused by the allegedly negligent actions of Western International Securities and a number of its financial advisors. We are also continuing to investigate the brokerage firm and its registered representatives for allegedly unsuitably recommending GWG Holdings L Bonds and other high-risk investments to retail customers and retirees.

Due Diligence Failures May Be Grounds for a FINRA Lawsuit

Published on: November 16, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Alleged Unsuitability and Due Diligence Failures May Be Grounds for a FINRA Lawsuit

If you are someone whose financial advisor recommended one of the TCA Global Credit Funds to you, there may be reasons to sue your broker-dealer for damages. In 2020, TCA Fund Management Group Corp. and key executives were accused of securities fraud, including allegedly fraudulently inflating the net asset values and performance outcomes of a number of its funds. This purportedly led to hundreds of investors being defrauded while leaving its funds, which allegedly falsely held about $516M, in serious trouble. Affiliated company TCA Global Credit Fund GP Ltd. also was accused of investor fraud.

Shepherd Smith Edwards and Kantas (investorlawyers.com) are working with a number of TCA Global Fund investors to determine whether they have grounds for a FINRA lawsuit. Unfortunately, it appears that alleged due diligence failures, unsuitability, misrepresentations and omissions, and broker negligence may have been factors when certain brokers marketed and sold one of these TCA Funds to customers:

REIT Investment Fraud Lawyers Assist Older Investors Against Fraud

Published on: November 16, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Why Privately Traded REITS Are Too Risky For Most Retirees

Not all investments are suitable for everyone, which is why your broker-dealer has a duty to only recommend and sell financial products that are the right fit for you given your age, risk tolerance level, financial goals, and investing experience. Older investors, including retirees, are especially susceptible to devastating consequences from high-risk, unsuitable investment recommendations. If you are a retiree who suffered significant financial losses that you suspect may be due to broker misconduct or negligence, you should contact Shepherd Smith Edwards and Kantas REIT Investment Fraud Lawyers (InvestorLawyers.com) today.

Older Investor Files FINRA Lawsuit Against FSC Securities and Louisiana Broker Craig Accardo

Seasoned Investment Loss Lawyers Representing Latin American Investors

Published on: November 16, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Seasoned Northstar (Bermuda) Investment Loss Lawyers Representing Latin American Investors

Six-Figure Brokerage Firm Arbitration Claim Filed Against Truist Investment Services

Two years after Northstar Financial Services (Bermuda) filed for bankruptcy protection, the number of Latin American investors who are seeking to pursue damages from their broker-dealers for unsuitably recommending annuity-like products from this offshore entity continues to grow. At Shepherd Smith Edwards and Kantas (investorlawyers.com), our skilled investor loss attorneys are representing many of these investors in Financial Industry Regulatory Authority (FINRA) arbitrations.

What Is Stockbroker Misconduct?

Published on: November 8, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Our Seasoned Brokerage Firm Arbitration Attorneys Are Here To Help Recover Investor Losses when Stockbroker misconduct is Suspected

There are different kinds of broker misconduct that can be committed by registered representatives and/or their broker-dealers. There is, of course, the most egregious kind, which is when a financial advisor purposely commits stockbroker fraud by running an investment scam or misappropriating investors’ funds by theft. These are crimes that should be prosecuted. However, criminal fraud charges don’t always lead to recovery of investor losses for victims. The same can be said for the outcomes of civil cases filed by the US Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), or a state securities regulator against a broker-dealer.

For over 30 years, Shepherd Smith Edwards and Kantas (investorlawyers.com) has been fighting for investors pursuing damages from their broker-dealers and financial advisors. With savvy FINRA lawyers representing you, filing your own broker misconduct against your brokerage firm can increase your chances for a full, or even partial, financial recovery.

How Can Our Broker Misconduct Attorneys Help with Investment Fraud?

Published on: November 8, 2022 | by Shepherd Smith Edwards & Kantas, LLP

What Are Common Types of Investment Fraud and How Can Our Broker Misconduct Attorneys Help?

Every day, there are financial scammers out there looking to steal money from unsuspecting investors. Some of these fraudsters are registered brokers using the legitimacy of their profession and the brokerage firms they are employed by to hide their schemes while targeting customers.

If you are someone whose financial advisor defrauded you in some type of investment fraud, our skilled broker misconduct attorneys at Shepherd Smith Edwards and Kantas (investorlawyers.com) may be able to help you pursue damages against the broker-dealer, which should have detected there were red flags and protected you from sustaining significant investment losses.

FINRA Lawsuit Attorneys assist TCA Fund Investors

Published on: November 8, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Alleged Unsuitability and Due Diligence Failures May Be Grounds for a FINRA Lawsuit

If you are someone whose financial advisor recommended one of the TCA Global Credit Funds to you, there may be reasons to sue your broker-dealer for damages. In 2020, TCA Fund Management Group Corp. and key executives were accused of securities fraud, including allegedly fraudulently inflating the net asset values and performance outcomes of a number of its funds. This purportedly led to hundreds of investors being defrauded while leaving its funds, which allegedly falsely held about $516M, in serious trouble. Affiliated company TCA Global Credit Fund GP Ltd. also was accused of investor fraud.

Shepherd Smith Edwards and Kantas (investorlawyers.com) are working with a number of TCA Global Fund investors to determine whether they have grounds for a FINRA lawsuit. Unfortunately, it appears that alleged due diligence failures, unsuitability, misrepresentations and omissions, and broker negligence may have been factors when certain brokers marketed and sold one of these TCA Funds to customers:

Why Working With A Skilled FINRA Law Firm Can Increase Your Ability to Recover Losses

Published on: November 8, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Why Working With A Skilled FINRA Law Firm Can Increase Your Chances of Recovering Your GWG L Bond Losses

Our Seasoned Brokerage Firm Negligence Attorneys Continue To File Investor Loss Claims For L Bond Investors

While broker-dealers all over the United States earned high commissions and fees from selling GWG L Bonds to clients, including to retail investors and retirees for whom these risky life-settlement-backed bonds were unsuitable, many of these customers are continuing to grapple with their investment losses. Now, with GWG Holdings, Inc., which issued $1.6B of these high-yield junk bonds, in bankruptcy proceedings, investors’ best bet for recouping their losses is by filing a Financial Industry Regulatory (FINRA) arbitration claim against their brokerage firm.