Investor Lawyers Blog

When Failure To Supervise Requires a Broker Fraud Attorney

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

When Failure To Supervise Enables Broker Fraud

Texas Retirees Whose Financial Advisor Stole Their Savings File FINRA Arbitration Claim Against Planmember Securities

As their customer, your broker-dealer has a fiduciary duty to properly supervise your accounts and your financial advisor’s activities when working with you. Unfortunately, failure to supervise these types of financial firms happens way too often. This lack of oversight makes it easy for stockbroker mistakes and wrongful misconduct to happen, which can lead to serious investor losses. That is why it is important to know when failure to supervise requires a broker fraud attorney to recover losses.

Broker Dealer Negligence Attorney Assists Northstar Financial Service Clients

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

SSEK Broker Dealer Negligence Attorneys Helping Northstar Financial Services Investors

Are You A Japanese Investor Whose US-Based Broker Sold You Northstar Financial Services (Bermuda) Products?

Retired Couple Files FINRA Lawsuit Against Bankoh Investment Services and Broker Yoko Farias

What Is Churning and How Does It Lead to Investor Losses?

Published on: October 25, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Investor Losses While Working With Ex-Network 1 Financial Securities Broker Charles Malico?

Customers Accuse New York Financial Advisor of Broker Misconduct

In the Financial Industry Regulatory Authority’s (FINRA’s) first disciplinary action related to Regulation Best Interest, the SRO has imposed a $5K fine and six-month suspension against former Network 1 Financial Securities financial advisor Charles Vincent Malico in Huntington Station, New York. This is not the first time that Malico has been accused of broker negligence, churning, or misconduct.

ETF Investor Loss Lawyer: Know When You Need Contact One

Published on: October 25, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Should You Call an ETF Investor Loss Lawyer You Suffered Investor Losses in Ark Innovation ETF

Cetera and Other Broker-Dealers Now Facing ETF Investor Loss Claims From Customers

Many investors of the Ark Innovation Exchange-Traded Fund (ARKK) have been blindsided by their losses. According to sources, the ETF has lost more than 55% year-to-date and has seriously underperformed in the broad market. This is a complex structured note that has proven to be incredibly risky and volatile. It is also non-diversified, with nearly 50% of its total assets invested in just 10 companies.

FINRA Lawsuit Filing Options for Latin American Investors

Published on: October 25, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Can Latin American Investors Pursue Northstar Financial Services (Bermuda) Investment Losses?

If you are an investor from Latin America, Central America, or South America who was recommended and sold Northstar Financial Services (Bermuda) products by a US-based brokerage firm, you should speak with our variable annuity investment fraud lawyers right away. Unfortunately, it appears that despite looking to the United States for a safe haven for their assets, many foreign nationals were unsuitably sold Northstar (Bermuda) fixed- and variable annuity products from this offshore entity by US-based financial advisors. If you fall into any of the above categories, you may need to contact a FINRA lawsuit attorney.

One can only assume that the high commissions and fees earned by broker-dealers for selling Northstar Financial Services (Bermuda) investments purportedly took greater precedence over looking out for these customers’ best interests. Many of the victims are retail investors and older investors, including retirees, who have now suffered losses in the six figures.

Do You Need a FINRA Lawyer to Recover Investment Losses

Published on: October 25, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Investment Losses While Working With Former Fortune Financial Services Broker Richard Wesselt?

Investors May Be Able to Look To FINRA Lawyer To Recover Damages Caused By Broker Misconduct

It can be devastating to discover that the broker you entrusted to properly manage your portfolio and make investment recommendations was negligent or engaged in other actions that caused you to sustain serious investment losses. One former registered representative under scrutiny for his handling of clients’ accounts is ex-Fortune Financial Services broker Richard Michael Wesselt.

How to Recognize Elder Financial Abuse

Published on: October 25, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Ex-LPL Financial Broker Bradley Goodbred Is In Trouble For Alleged $1.3M Elder Financial Abuse

How Senior Investors Can Pursue Damages Over Their Investment Losses

The US Securities and Exchange Commission (SEC) recently filed charges against former LPL Financial broker Bradley Allen Goodbred. The ex-Chicago financial advisor, who was barred from the Financial Industry Regulatory Authority (FINRA) in 2021 for not cooperating in the self-regulatory organization’s (SR0’s) probe, is accused of stealing $1.3M from an older client with dementia.

Broker Negligence: Avoid Investment Losses with these Tips

Published on: October 25, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Ocean Financial Services

This independent broker-dealer is a wholly owned subsidiary of Ocean Bank in Florida and was established in 2012. Headquartered in Miami, Ocean Financial Services offers investment management and financial strategies, as well as advice and recommendations, to all kinds of investors. The firm’s website lists fixed income, mutual funds, equity securities, structured products, legacy planning, and credit solutions as among the products and services it provides customers. Ocean Financial Services is licensed in California, North Carolina, Delaware, New York, Texas, and Florida.

Shepherd Smith Edwards and Kantas (investorlawyers.com) represent investors, including foreign nationals, because an Ocean Financial Services broker unsuitably recommended certain financial products to them and this resulted in significant investor losses. Most notably, we have filed a number of Financial Industry Regulatory Authority (FINRA) arbitration cases against this broker-dealer related to Northstar Financial Services (Bermuda) products.

FINRA Lawyers Helping Pursue O&G Losses Involving David Lerner

Published on: October 17, 2022 | by Shepherd Smith Edwards & Kantas, LLP

How Energy 11 Investors Can Pursue Oil and Gas Investment Losses From David Lerner & Associates

Broker-Dealer Owes $45M in Unpaid Distributions And Has Been The Subject of FINRA Arbitration Claims

Once again, David Lerner & Associates has come under scrutiny over proprietary products that it sold exclusively to its customers. In the firm’s yearly report, the broker-dealer admitted that it owes $45M in unpaid distributions to those who invested in Energy 11, LP.

Know When You Need to Hire an Investment Loss Lawyer

Published on: October 17, 2022 | by Shepherd Smith Edwards & Kantas, LLP

What Is The Investment Grade Fund I and Why Are Investor Losses A Concern?

Broker-Dealer Negligence Allegations Surface Following Private Placement Losses for Investors. If you are an investor whose broker recommended that you purchase shares in IGF Investment Grade Fund I, LP, you may be struggling with whether you need to hire an Investment Loss Lawyer. This real estate core-plus fund, run by IGF Partners, was marketed and sold by brokerage firms all over the United States.

IGF Fund I investors were told that they could expect 6% yearly returns that were to be paid monthly and that two-thirds of the income would be tax-deferred. Now, however, there are growing concerns that brokerage firms may have been negligent when marketing and selling this IGF Fund to customers. This is why Shepherd Smith Edwards and Kantas (investorlawyers.com) are currently speaking to investors to help them determine whether they have grounds for an investor loss claim.