Investor Lawyers Blog

Elderly Investor Fraud Attorney

Published on: August 27, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Illinois Couple Sue Ausdal Financial Partners Over GWG L Bond And Non-Traded REIT Losses

High Commissions Paid To Brokers May Have Compelled Them to Disregard Investors’ Best Interests

Shepherd Smith Edwards and Kantas (investorlawyers.com) are representing two investors in their broker fraud lawsuit against Ausdal Financial Partners. The claimants suffered losses in GWG L Bonds, the non-traded real estate investment trust (non-traded REIT) Moody National REIT, and business development company (BDC) Greenbacker Renewable Energy. These were alternative investments that were unsuitable for conservative investors seeking to get ready for retirement.

Margin Abuse Lawyers

Published on: August 27, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Florida Investor Sues TD Ameritrade For Up to $5M. Our Skilled Margin Abuse Lawyers Are Representing This Claimant

A Fort Lauderdale, Florida investor who got involved in options trading using TD Ameritrade’s platform has filed a seven-figure lawsuit against the broker-dealer. This claimant contends that margin abuse, including raising the margin requirement on one of his investments by 500%, immediately rendered his account worthless. Now, he is seeking up to $5M in damages for his losses.

Shepherd Smith Edwards and Kantas (investorlawyers.com) are representing this investor in his FINRA lawsuit against TD Ameritrade. Incredibly, it appears that for most of the options contracts he secured through the broker-dealer’s platform, he was either the only one or one of the very few, with these options contracts.

Regulation D investment Attorney

Published on: August 27, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Continue to Investigate HJ Sims Private Placement Losses. Our Skilled Regulation D investment Attorney Teams Are Here To Help You Explore Your Legal Options

Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing investors who have sustained serious losses because Herbert J Sims (HJ Sims) marketed and sold them private placements, including:

Fox Ridge Finance

Retirement Loss Attorneys

Published on: August 27, 2024 | by Shepherd Smith Edwards & Kantas, LLP

New York Investor Accuses National Securities Corp. and B. Riley Wealth Management of Broker Fraud

Claimant’s Investment Loss Recovery Case Is Asking For Up To $1M

A retiree has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against B. Riley Wealth Management and National Securities Corporation. The New York investor contends that New Jersey broker Mark Angelo Gassosso grossly mismanaged his account and engaged in self-dealing.

Texas Alternative Investment Loss Lawyers

Published on: August 20, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Sugar Land, TX Couple Files Seven-Figure REIT Fraud Lawsuit Against Centaurus Financial. Our Texas Alternative Investment Loss Lawyers Are Representing These Claimants

A retired Texas couple is seeking up to $1,000,000 in damages from Centaurus Financial over losses they sustained in non-traded real estate investment trusts (non-traded REITs) and other alternative investments. The claimants contend that ex-Centaurus broker Mark Allen Upchurch allegedly unsuitably recommended:

The real estate investment trust (REIT), UDF IV, which lost about half its value following allegations that parent company United Development Funding was running an alleged Ponzi scam.

New York Non-Traded REIT Fraud Attorneys

Published on: August 20, 2024 | by Shepherd Smith Edwards & Kantas, LLP

New York Non-Traded REIT Fraud Attorneys. Fighting For NY Investors Who Suffered Unnecessary Losses Because of Broker Misconduct

Whether you live in Manhattan or anywhere in The Empire State, if you sustained serious losses involving non-traded real estate investment trusts (non-traded REITs), Shepherd Smith Edwards and Kantas (investorlawyers.com) is the New York securities law firm to contact for a free, initial case consultation. From our Buffalo, NY non-traded REIT law office, we represent retail investors, retirees, accredited investors, wealthy investors, and institutional investors against Wall Street broker-dealers and financial firms all over the United States.

I’ve Suffered Non-Traded Real Estate Investment Trust Losses. Why Do I Need Seasoned Legal Help?

Financial Advisor Misconduct Lawyer

Published on: August 20, 2024 | by Shepherd Smith Edwards & Kantas, LLP

When A Broker-Dealer’s Conflicts of Interest Costs Investors Money. Cabaret, Grant & Co. To Pay Over $6M For Purportedly Profiting From Recommending Certain Mutual Funds and Money Market Funds Over Others

The US Securities and Exchange Commission (SEC) is ordering investment advisory and brokerage firm Cadaret, Grant & Co. to pay over $6M for alleged conflicts of interest that allowed it to profit when clients would invest in certain mutual funds and money market funds. According to the regulator, between January 2017 and March 2022, the Atria subsidiary committed breaches of fiduciary duty and violated key regulations under the Investment Advisers Act of 1940.

The SEC contends that Cadaret Grant received revenue-sharing payments from an unaffiliated clearing broker whenever advisory clients made investments in certain money market funds and mutual funds. The Commission said that, as a result, Cadaret Grant clients ended up indirectly paying fees when they were part of the expense ratio as investors of these mutual fund share classes.

Elder Financial Exploitation Law Firm

Published on: August 20, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Widower Sues UBS For Alleged Elder Financial Abuse By A Broker. Senior Investor Seeks Up to $5M in Damages After Texas Financial Advisor Allegedly Stole His Money

The Shepherd Smith Edwards and Kantas Elder Financial Exploitation Law Firm (investorlawyers.com) represents a disabled retiree in his seven-figure FINRA lawsuit requesting up to $5M in damages from UBS Financial Services. The claimant, an elderly widower, contends that UBS stockbroker Tracy Marie Longstreet stole from him for years.

This senior investor entrusted the broker-dealer and its registered representatives to keep his savings safe. Instead, Longstreet appears to have “groomed” him so she could misappropriate his money. This allegedly included gaining access to all of his records and accounts and creating new accounts so she could defraud him, as well as writing herself into his will. To do the latter, Longstreet purportedly arranged it so Kelly Fedak, who is either a relative or a friend, was designated a beneficiary.

REIT Loss Law Firm

Published on: August 18, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Time For American Healthcare REIT Investors To Explore Their Legal Options. As Share Price Falls, Filing A Broker Fraud Claim May Be Best Chance For Financial Recovery

Shepherd Smith Edwards and Kantas REIT Loss Law Firm (investorlawyers.com) is offering free, no obligation case consultations to American Healthcare REIT (NYSE:AHR) investors. The real estate investment trust saw its shares drop almost 3% on August 6, 2024 as the lock-up period for legacy non-traded REIT shareholders concluded. A product of the merger between Griffin-American Healthcare REIT III, Griffin-American Healthcare REIT IV, and American Healthcare Investors, in February 2024, AHR arrived on the New York Stock Exchange with a 56 million share/IPO at $12/share. Meanwhile, legacy investors had purchased their 66 million shares for $40/share. (American Healthcare REIT’s estimated net asset value (NAV) for Class I and Class T common stock in March 2023 following a 4-1 reverse stock split was $31.40/share. )

This real estate investment trust has a portfolio made up of medical office buildings, skilled nursing facilities, senior housing, and hospitals collectively valued last September 2023 at about $4.6B. Earlier this year, Comrit made a third-party tender offer looking to buy 228,136 of the REIT’s shares at a reduction. There was also the suspension of American Healthcare REIT’s share repurchase plan in 2022 (barring requests related to qualifying disability or death). March 2023, quarterly distributions were reduced for Class T and Class I common stockholders.

Northstar Financial Services Loss Attorneys

Published on: August 18, 2024 | by Shepherd Smith Edwards & Kantas, LLP

There Is Still Time For Asian Investors To Try Recouping Their Northstar (Bermuda) Losses. Our Northstar Financial Services Loss Attorneys Represent International Investors Against US-Based Brokerage Firms

In the latest news involving Northstar Financial Services (Bermuda), owner Greg Lindberg is now under further scrutiny by the federal government, which seeks forfeiture of $1.5M in funds seized from him. The North Carolina billionaire, who was recently convicted again of bribery and fraud, is awaiting another criminal trial in which he is accused of defrauding annuity investors of more than $2B.

Among his alleged victims are investors from Asia, especially China and Japan, who were unsuitably marketed and sold Northstar Financial Services (Bermuda) investments by US-based brokerage firms. Investing in this offshore entity was a risky proposition from the start. Foreign nationals were deprived of the regulatory protections they could have availed of if only their financial advisor had sold them comparable US-based products instead.