How Can A Skilled SEC Attorney Help You Pursue Damages From Your Broker-Dealer? Shepherd Smith Edwards and Kantas Has Been Fighting For Investors For Over 30 Years If you believe that you could be the victim of securities fraud, you may want to explore your legal options with a knowledgeable…
Three non-US citizens, Raz Beserglik, Gil Beserglik, and Kai Christian Peterson, are now facing US Securities and Exchange Commission (SEC) charges accusing them of causing investors, including retirees, of losing tens of millions of dollars through the sale of fraudulent binary options via their binary options brokers Morton Finance, Bloombex…
Cambridge Capital Group Advisors, its president Phillip Timothy Howard, and previously barred investment adviser Don Warner Reinhard are now the subject of a Securities and Exchange Commission (SEC) case accusing them of defrauding 20 investors, the majority of whom are retired National Football League players. Howard, who is also an…
Investment adviser Brenda Smith has been arrested and charged with defrauding about 40 investors of $105M. The US Securities and Exchange Commission (SEC) also has filed civil fraud charges against Strong, who is based in Philadelphia, and her Broad Reach Capital, LP (also known as the Broad Reach Fund), Broad…
Marcus Boggs, a former Merrill Lynch investment adviser, is now facing US Securities and Exchange Commission (SEC) charges accusing him of using $1.7M of client monies to pay his own credit card bills. According to the regulator, Boggs, who was a Chicago-based RIA, illegally transferred funds from the accounts of…
State Street To Pay More Than $88M After Overcharging For Mutual Funds State Street Bank and Trust Company will pay over $88M to resolve US Securities and Exchange Commission charges accusing it of overcharging investment advisory clients, including mutual funds, for expenses related to its custody of client assets. From…
In two mortgage-backed securities settlements reached with the US Securities and Exchange Commission (SEC), Nomura Securities International will collectively pay customers about $25M. The enforcement actions involve residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS), respectively. According to the SEC, Nomura failed to properly supervise its bond traders, who…
A $60M settlement has been reached between The US Securities and Exchange Commission (SEC) and AR Capital, the real estate investment trust (REIT) manager’s founder Nicholas Schorsch, and American Realty Capital Properties Inc. (ARCP) ex-CFO Brian Block. The three of them are accused of “wrongfully obtaining” millions of dollars related…
Kristofor R. Behn and his Fieldstone Financial Management are now facing US Securities and Exchange Commission (SEC) charges accusing them of defrauding retail investors. Behn and the firm, which was a registered investment adviser until March, recommended that their clients invest in Aequitas Management LLC-issued securities. In 2016, Aequitas and…
Ex-target=”_blank” rel=”noopener noreferrer”>LPL Financial (LPLA) broker, Kerry L. Hoffman, is now facing fraud charges brought by the US Securities and Exchange Commission (SEC). Hoffman is accused of fraudulently selling $3.3M of unregistered securities, along with childhood friend Thomas V. Conwell, who is also a defendant in the civil case. The…