Broker negligence

Broker Dealer Negligence Lawyers

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

Did You Work With Ex-Stifel Nicolaus Broker Joseph Crespi and Suffer Investment Losses?

As Broker-Dealer Is Ordered to Pay $3.2M, Investors Struggle To Recoup Their Money

Our broker dealer negligence lawyers are speaking to former customers of ex-financial advisor Joseph Crespi to determine whether they have grounds for a FINRA lawsuit against Stifel Nicolaus, which is where he was a registered representative from 2018 to 2022. On May 1, 2023 Massachusetts Secretary of the Commonwealth William Galvin ordered the brokerage firm to pay a $2.5M penalty and over $700K in restitution after finding that it disregarded red flags indicating that Crespi was allegedly engaging in unauthorized trading and charged excessive fees to individual investors, churches, and nonprofit organizations.

Broker Fraud Law Firm

Published on: May 8, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Help Investors Recover Their Portfolio Losses

What Distinguishes Our Trusted Broker Fraud Law Firm

Shepherd Smith Edwards and Kantas (investorlawyers.com) have recovered many millions of dollars on behalf of thousands of investors that have fallen victim to a stockbroker and financial advisor’s negligence. We are one of the largest securities fraud law firms in the United States with over a combined century’s worth of experience in securities law and the securities industry. Dedicated to providing our clients with quality counsel and effective legal representation, we work with retail investors, retirees, wealthy investors, and institutions in pursuing damages from broker-dealers and investment advisers while protecting their legal rights.

Broker Negligence Law Firm

Published on: May 1, 2023 | by Shepherd Smith Edwards & Kantas, LLP

If You’ve Joined A Class Action Securities Fraud Lawsuit Against GWG Holdings Can You Still Sue Your Broker?

Our Broker Negligence Law Firm Represents GWG Investors Against Broker-Dealers

At the end of March, the legal team for GWG Holdings told a Texas bankruptcy judge that it needed another two weeks to provide more disclosures related to creditor recovery. The life insurance-backed bond seller, which is accused of running a more than $1.6B Ponzi scam, filed for Chapter 11 protection last year.

Broker Dealer Negligence Attorney.

Published on: April 5, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Former Morgan Stanley Broker Darryl Cohen Allegedly Defrauded NBA Stars of Over $13M

Our Trusted Broker Fraud Lawyers Are Investigating Claims of Investor Losses

The Shepherd Smith Edwards and Kantas Broker Dealer Negligence Attorney teams (investorlawyers.com) are continuing to speak to former customers of ex-Morgan Stanley financial advisor Darryl M. Cohen. He was barred from the industry in 2021.

Broker-Dealer Negligence Lawyers

Published on: April 5, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Are You An Investor Who Suffered Losses In AllianceBernstein’s Options Advantage Strategy?

Our Broker-Dealer Negligence Lawyers Are Investigating Sanford Bernstein Financial Advisors

If you are someone whose financial advisor recommended that you invest in AllianceBernstein’s Options Advantage Strategy and suffered significant investor losses, contact the Broker-Dealer Negligence Lawyers at Shepherd Smith Edwards and Kantas (investorlawyers.com) today so that we can help you explore your legal options. There are growing concerns that Sanford Bernstein brokers may have allegedly misrepresented the risks involved in this complex options trading strategy that was supposed to attract investors looking for “incremental returns” in a low-yield environment. Sanford Bernstein is a registered broker-dealer and a subsidiary of AllianceBernstein, which is a registered investment adviser.

Broker Misappropriation Attorney

Published on: April 3, 2023 | by Shepherd Smith Edwards & Kantas, LLP

When Alleged Broker Misappropriation Leads To Investor Losses

Ex-Monmouth Capital Management Financial Advisor Caz Craffy Is Accused of Defrauding Military Families

Our trusted broker fraud lawyers work with investors and their families that have sustained losses due to financial advisors or negligence. This includes looking into allegations of misappropriation by financial advisors and whether their broker-dealers should be held liable.

Broker Fraud Attorneys

Published on: March 12, 2023 | by Shepherd Smith Edwards & Kantas, LLP

What Questions Should You Ask A Broker You Are Considering Working With?

Investing your money is always a risk, which is why many people turn to stockbrokers and investment advisers for help. They want experienced financial professionals to handle their funds properly and allocate their assets wisely.

While in an ideal world, every broker would only make suitable investment recommendations in line with each customer’s investing profile, risk tolerance level, and financial goals—as well as refrain from making misrepresentations and omissions, overconcentrating a client’s portfolio with too much of the same investment, or engaging in other forms of stockbroker negligence or fraud—every year, there are thousands of investors who end up losing money because of the wrongful, erroneous, or negligent actions of their financial advisors.

Tax Return Loss Investment Law Firm

Published on: March 12, 2023 | by Shepherd Smith Edwards & Kantas, LLP

When Broker Misconduct Leads To Tax Return Losses

Our Skilled Investor Loss Lawyers Work With CPAs and Investors in Pursuing Financial Recovery

Many people don’t realize that investing can impact them tax-wise. For example, if you receive income from your investments, you may have to pay an ordinary income tax rate or, in certain instances, a special tax treatment involving lower, long-term capital gains tax rates. If you made a profit from selling an investment, you will typically have to pay taxes for the money that you earned. Or, if you sustained a loss from the sale, you may be able to take a deduction depending on what assets were involved. A qualified CPA can help with such matters.

Broker Negligence Lawyers

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

When Unsuitable Structured Product Recommendations Lead To Investor Losses

Centaurus Financial & Brokers Fined Over $1M For Marketing Variable Interest Rate Investments To Retail Customers

Once again, Centaurus Financial is making headlines for allegedly unsuitably recommending financial products that were too risky for retail customers. This time the investments were variable interest rate structured products, which are complex, illiquid, and have maturity rates of 15 years or greater.

Financial Advisor Negligence Attorneys

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

Are You The Victim of Stockbroker Negligence?

Our Trusted Financial Advisor Negligence Attorneys May Be Able To Help

When many people think of investor losses caused by broker misconduct they often assume that intentional wrongdoing was involved. However, that is not always the case. Unsuitable investment recommendations, misrepresentations and omissions, and overconcentration in a customer’s account (along with a failure to diversify investments) may also be a result of broker negligence. Either way, whether you suffered losses due to stockbroker fraud or negligence, you may be able to sue your brokerage firm and their registered representative for damages. But first, you need to find out whether you have grounds for a securities claim.