Are You An Investor Who Suffered Losses While Working With Ex-Northwestern Mutual Investment Services Broker John Jay Kersey?

Published on: June 2, 2026 | by Shepherd Smith Edwards & Kantas, LLP

Barred Financial Advisor Is Sentenced in Alleged $8.6M Investment Fraud

Former Northwestern Mutual Investment Services broker John Jay Kersey was permanently barred by FINRA and sentenced to five years in prison after pleading guilty to an $8.6 million wire fraud and misappropriation scheme. In response, the law firm Shepherd Smith Edwards and Kantas is offering free case assessments to help affected investors explore legal action for financial recovery against Kersey or his former employer.

Shepherd Smith Edwards and Kantas Broker Misappropriation Attorneys (investorlawyers.com) are offering a free case assessment to former customers of convicted ex- Northwestern Mutual Investment Services registered representative John Jay Kersey. He was recently sentenced to five years in federal prison after he pleaded guilty to wire fraud involving an alleged $8.6M investor scam.

Did Your Broker Misappropriate Money From You?

Published on: April 30, 2026 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Broker Misappropriation Attorneys Continue to Investigate Barred Financial Advisor Jeffrey Thomas Higgins and Others

If you are an investor who suffered losses because you suspect your broker may have stolen money from you, contact Shepherd Smith Edwards and Kantas (investorlawyers.com) so that we can help you determine whether you have grounds for suing your financial advisor for damages. Our broker misappropriation law firm remains hard at work investigating allegations against financial advisors, and we represent investors in FINRA arbitration, mediation, and litigation.

One of the brokers we are continuing to look into is barred Oregon financial advisor Jeffrey Thomas Higgins. He is now facing criminal charges accusing him of stealing more than $1.64M from clients over an almost 17-year period. Jeffrey Higgins has admitted to misappropriating clients’ money.

Broker Fraud Attorneys

Published on: July 15, 2025 | by Shepherd Smith Edwards & Kantas, LLP

69 Investor Lawsuits Filed By Former Customers of Ex-BOK Financial Securities Broker Gihan Fernando. Our Broker Fraud Attorneys Continue To Investigate Further Loss Claims

Shepherd Smith Edwards and Kantas Broker Fraud Attorneys (investorlawyers.com) is offering free, no-obligation case consultations to customers who have suffered serious portfolio losses while working with former Bok Financial Securities stockbroker Gihan Anil Fernando. The Texas financial advisor is now a registered representative with Cetera Investment Services.

Fernando, who has worked 23 years in the industry, is also known as Gihan Raphael Fernando or Raphael Fernando. According to his CRD, at least 69 customer complaints have been filed by his former customers who sought to recoup their losses.

Broker Fraud Lawyer

Published on: May 19, 2024 | by Shepherd Smith Edwards & Kantas, LLP

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.

Texas Broker Fraud Law Firm

Published on: May 19, 2024 | by Shepherd Smith Edwards & Kantas, LLP

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.

L Bond Loss Lawyers

Published on: November 15, 2023 | by Shepherd Smith Edwards & Kantas, LLP

There is Still Time To Try To Recover Your GWG L Bond Losses

California Brokers From Expelled Firm Ordered To Pay More Than $1M To Investor

A Financial Industry Regulatory Authority (FINRA) arbitration panel recently awarded over $1 million in damage to a GWG L Bond investor. The three respondents in the case were all former financial advisors at the now-expelled broker-dealer Accelerated Capital Group in Costa Mesa, CA. Two of them, Michael Barrows and Eric Ludovico, were ordered to pay the award. (They are now registered M Stevens Securities brokers in Irvine, CA.)

Broker Misconduct Attorneys

Published on: July 17, 2023 | by Shepherd Smith Edwards & Kantas, LLP

When You Suspect Your Alternative Investment Losses May Be Due To Broker-Dealer Negligence

Explore Your Legal Options With Seasoned Broker Misconduct Attorneys

More often these days, financial advisors are marketing and selling alternative investments to all kinds of investors, including retail customers and retirees. Once only sold to high-net-worth individual investors, even less sophisticated investors without as many dollars in their accounts have been wanting to get involved. One of the biggest draws is the chance to make greater returns than with traditional investments, as well as increased portfolio diversification.

Denver Broker Fraud Attorneys

Published on: July 17, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Denver Broker Fraud Attorneys

We Represent Colorado Investors Who Have Suffered Losses Due To Financial Advisor Misconduct

For over 30 years, our trusted Denver Broker Fraud Attorneys have been helping investors from all walks of life to recoup their losses from the broker-dealers responsible. Unfortunately, financial advisor misconduct does happen more often than you would think. It is one of the reasons our own seasoned securities lawyers, many of whom used to be former brokers, left that industry and now choose to exclusively fight for investors while protecting their right to financial recovery.

Kentucky Broker Fraud Attorneys

Published on: July 17, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Kentucky Broker Fraud Attorneys

Our Lexington, KY Securities Law Firm Is Here To Help Investors Recoup

To suffer investment losses can be devastating. When those losses were caused even in part by a financial advisor that you entrusted to keep your assets safe, the sense of betrayal and perhaps even the wondering of what you could have done to protect yourself may arise.

Broker Misappropriation

Published on: June 29, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Are You The Victim of Broker Misappropriation?

Financial Advisor Theft Isn’t Just A Crime It May Be Grounds for Filing a Securities Fraud Lawsuit

For more than three decades, Shepherd Smith Edward and Kantas (investorlawyers.com) has represented investors against the bad brokers who have stolen their money and the broker-dealers who failed to stop or prevent this type of securities fraud from happening. Unfortunately, stockbroker misappropriation happens and is even committed by registered representatives from reputable financial firms.