Justia Lawyer Rating
Super Lawyers - Rising Stars
Super Lawyers
Super Lawyers William S. Shephard
Texas Bar Today Top 10 Blog Post
Avvo Rating. Samuel Edwards. Top Attorney
Lawyers Of Distinction 2018
Highly Recommended
Lawdragon 2022
AV Preeminent

Are You An Investor Who Suffered Losses After A Fidelity Broker Made Unsuitable Investment Recommendations?

Whistleblower Claims That Brokerage Firm Fired Him For Disclosing Best Interest Violations Against Customers 

SSEK broker misconduct Attorneys are continuing to investigate claims of losses by investors who worked with Fidelity Investments financial advisors. Earlier this year, we filed one six-figure lawsuit for a claimant after the broker-dealer connected him with an outside adviser who made risky, unsuitable investment recommendations, including a concentrated position with Apple.

Shepherd Smith Edwards and Kantas Continue Non-Traded REIT Loss Lawyers  to Investigate Hartman vREIT XXI Over Investor Losses

Non-Traded REITs Pay Brokers High Commissions But Can Be Unsuitable For Many Investors

If you sustained losses after your financial advisor marketed and sold you Hartman vREIT XXI, Shepherd Smith Edwards and Kantas (investorlawyers.com) would like to talk to you. For the past year we have been looking into whether there were stockbrokers who allegedly unsuitably recommended this non-traded real estate investment trust (non-traded REIT), which invests in different kinds of commercial properties that are mostly in Texas.

Texas Couple Sues Independent Financial Group Over GWG L Bond Losses. Our GWG Investment Loss Recovery Lawyers Are Representing These Claimants In Their Six-Figure FINRA Lawsuit

Another two investors who suffered serious losses in GWG Holdings are filing a broker-dealer misconduct case. The claimants, two Texas investors, are seeking up to $500K in damages from Independent Financial Group. Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing this older couple. From the start, they had made it clear to their broker that, given their ages, they did not want to take on any undue risks.

Despite their wishes, then-Independent Financial Group broker Justin Kyle McIntyre allegedly unsuitably recommended GWG L Bonds, which are illiquid junk bonds, as well as other illiquid non-traded products to them. These investments tend to pay financial advisors huge commissions but they are rarely in their customers’ best interests.

Investor Seeks Up $1M In Damages Over UBS YES Losses. Our Broker Fraud Lawyer Are Representing This Claimant and Others Against UBS Financial Services

The Shepherd Smith Edwards and Kantas Broker Fraud Lawyer Team (investorlawyers.com) is representing another investor in their UBS Yield Enhancement Strategy (YES) loss lawsuit against UBS Financial Services. The claimant, an inexperienced New Jersey investor, is suing for up to $1M in damages. Unfortunately, she is just one of many who have suffered significant losses in the brokerage firm’s internally managed, high-risk options trading strategy.

Touted by UBS brokers as a way for investors to obtain marginally higher yields on existing portfolios while taking limited risks, the UBS YES program has caused serious losses for many of the firm’s wealthy clients. Its “iron condor” options overlay approach was allegedly implemented with reckless abandon.

Estate of Texas Retiree With Dementia Files Six-Figure Broker Fraud Lawsuit Against LPL Financial And Broker Bradley Bowman. Brokerage Firm Allegedly Unsuitably Sold FS Energy & Power Fund and KBS Real Estate Investment Trust III

The Shepherd Smith Edwards and Kantas Texas broker fraud law firm (investorlawyers.com) are representing the estate of a deceased widow in a FINRA lawsuit against LPL Financial and its Houston broker Bradley Alan Bowman. The Katy, Texas investor, who was in his eighties, suffered from dementia. Now, his estate is seeking up to $500K in damages for losses sustained in the non-traded real estate investment trust (non-traded REIT) KBS Real Estate Investment Trust III, the non-traded business development company (non-traded BDC) FS Energy & Power Fund, and an annuity. All of these were too risky for someone of his age with this health issue.

In the broker fraud claim, the estate is alleging best interest violations, unsuitable investment recommendations, misrepresentations and omissions, breach of contract, breach of fiduciary duty, negligence, failure to supervise, and more. LPL and its Texas broker earned high commissions and fees from the illiquid alternative investments it sold to this elderly investor who entrusted them to manage his money properly so he could take care of himself and his family.

New Jersey Widow Sues Cambridge Investment Research Over Alternative Investment Losses 

Elderly Investor Seeks Up to $500K For LJM Preservation and Growth Fund, FS Energy & Power Fund, Highlands REIT, InvenTrust PPTYS, and Other Losses

If you suffered losses in alternative investments that were recommended by your financial advisor, contact the Shepherd Smith Edwards and Kantas Alternative Investment Loss Attorneys (investorlawyers.com) today. These high-risk, illiquid investments are unsuitable for many conservative and elderly retirees. Yet, many brokers continue to market and sell them to these investors in order to earn high commissions.

Are You An Investor Who Suffered Losses While Working With Broker Bill Shopoff?

California Financial Advisor Who Paid $42 Million in Settlements Is Accused of Running Ponzi Scam 

The Shepherd Smith Edwards and Kantas (investorlawyers.com) Broker Misconduct Attorney teams are investigating claims involving Irvine, CA stockbroker William Anthony Shopoff (Bill Shopoff) of Shopoff Securities. According to his CRD, this financial advisor has paid investors more than $40 million in settlements since 2018. This includes a $28,750,000 settlement, a $6,500,000 settlement, and other seven-figure settlements related to puts and guarantees that were sold to sophisticated, accredited investors.

Northstar (Bermuda) & Colorado Bankers Life Insurance Owner  Sued For Allegedly Trying To Avoid Paying $580M Legal Debt. Annuity Holders Waiting For Payouts Should Explore Filing Broker Fraud Lawsuits

If you are an investor who suffered losses in Northstar Financial Services (Bermuda)Colorado Bankers Life Insurance, or another insurer owned by billionaire Greg Lindberg, you may want to explore other legal options beyond waiting to get back your money from liquidation or bankruptcy proceedings. If you contact us today, the Shepherd Smith Edwards and Kantas Northstar Bermuda Annuity Fraud Attorneys (investorlawyers.com) can help you assess whether you have grounds for a claim against your broker-dealer for allegedly unsuitably recommending these troubled annuities.

While many investors may be wary of filing a broker negligence lawsuit, the truth is that recovering all, possibly even any of your funds, through those other avenues is unlikely. These insurers are already heavily in debt. Lindberg, who is awaiting two criminal fraud trials, is suspected of funneling money from them to his special-purpose vehicles. He also owes hundreds of millions of dollars in litigation and his legal woes are only worsening.

Our Northstar Bermuda Broker Fraud Attorney Represents South American Investors Over Northstar (Bermuda) Losses

Argentine Family Seeks Up To $1M in Damages from Truist Investment Services

Shepherd Smith Edwards and Kantas (investorlawyers.com) represent clients throughout Latin America and South America who suffered losses because a US-based brokerage firm marketed and sold them Northstar Financial Services (Bermuda) annuities. This includes a family in Buenos Aires—mostly of retirees—who entrusted Truist Investment Services (AKA SunTrust Investment Services)  to keep their money secure. Now, they are suing the brokerage firm for up to $1,000,000 in damages.

Our New York Elder Financial Abuse Lawyers Represent Older Investors and Their Families Who Have Broker Fraud Claims

Elder financial abuse is a crime that involves a perpetrator stealing money or assets from an older person. It is often committed by someone that the victim knows, such as a relative, a close friend, a caretaker, or a trusted professional. At Shepherd Smith Edwards and Kantas (investorlawyers.com) we represent elderly New York investors and their families who have been the victims of broker misconduct or negligence. In the most egregious instances, this can involve deliberate elder financial exploitation.

Older seniors are one of the most vulnerable groups when it comes to financial abuse. By this point in life, many elderly investors will have accrued a nest egg after years of hard work. This means that they have money for bad brokers to misappropriate. Not only that, but as a person ages, they may develop memory problems or decreased mental function, including Alzheimer’s or dementia, and this can make it easier to take advantage of them.

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