LPL Blocks Sales of Nontraded Real Estate Investment Trusts and Publicly Traded Property Interval Funds This week, LPL Financial (LPLA) announced that it had suspended its sales of several nontraded REITs, as well as a number of publicly traded property interval funds. This is because the novel coronavirus (COVID-19) was…
Market Volatility Forces Arbitrage Funds to Temporarily Close Reports of arbitrage funds temporarily shuttering in the wake of the impact of the novel coronavirus (COVID-19) on the markets has caused concern for investors. At Shepherd Smith Edwards and Kantas (SSEK Law Firm), our investment fraud lawyers are offering free case…
Structured Notes See Steep Decline During Coronavirus Market Crisis Just weeks into the finansial crisis wrought by the novel Coronavirus (COVID-19), many investors are struggling to deal with the volatile impact of this pandemic not just on the markets but also on their portfolios. But what many of them don’t…
Broker Fraud Along With The Coronavirus May Be Causing Investment Losses Becoming the victim of securities fraud is a serious matter. With stocks plummeting and the markets fluctuating all over the place in the wake of COVID-19, investors may not realize that it’s not just the economic reverberations of the…
Inverse and Leveraged ETNs and ETFs Are Shuttering As the novel coronavirus (COVID-19) continues to adversely affect the markets and cause crude oil prices to drop, the number of inverse and leveraged exchange-traded notes (ETNs), exchange-traded funds (ETFs) and exchange-traded products (ETPs) involving crude oil that have been forced to…
FINRA Bars Fired Stifel Broker The Financial Industry Regulatory Authority (FINRA) announced that it has permanently barred former Stifel Nicolaus (SF) stockbroker Steven Dale Rodemer. The brokerage firm fired Rodemer earlier this year following allegations that he took funds from one client’s account without authorization. Even with COVID-19 disrupting every…
Former LPL Financial Broker Borrowed $1.3M From Customer Without Notifying Firm Mark Lamkin, an ex-LPL Financial representative, has been suspended by the FINRA for three months. Lamkin, who is now a Calton & Associates broker, is accused of borrowing $1.3M in total from an LPL Financial Services customer between 2011…
Robinhood Financial Apologizes To Investors For Outages If you are an investor who recently sustained losses through Robinhood Financial’s investing platform, contact our investment fraud attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm) today. Robinhood Financial, which provides an online platform that facilitates stock, exchange-traded funds (ETFs), and…
Energy Exchange Traded Products Including VelocityShare 3x Long Crude Oil ETN Tank As market volatility continues to wreak havoc on different investments in the wake of COVID-19, our securities fraud lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm) are fighting for investors needing to recover their losses. Last…
UBS To Offer Redemptions to ETRACS ETN Investors After Coronavirus-Spurred Crash If you are an investor who was sold UBS ETRACS exchange-traded notes (ETNs), please contact our investor lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm) today. ETRACS ETNs are complex and risky investments and they are not…