Broker negligence

Broker-Dealer Negligence Attorneys

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

When Retirees Are Targeted By Brokers in Ponzi Scams

Oppenheimer Must Pay Almost $14M Related to A$110M Scheme Run By Former Financial Advisor John Woods

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Oppenheimer & Co. to pay five Florida retirees and two trusts nearly $14M in losses they sustained in the $110M Horizon Private Equity III Ponzi scam run by its former Atlanta broker John J. Woods. The investors in this case, mostly ex-Delta Air Lines pilots and Air Force veterans, relied on the ongoing dividends from the Fund to support themselves and were devastated to discover that their investments were, in fact, worthless. The claimants contend that Woods had guaranteed high returns while claiming that their principal would stay safe.

Florida Broker Fraud Attorneys

Published on: May 30, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Florida Broker Fraud Attorneys

Our Trusted Tampa, FL Broker-Dealer Negligence Law Firm Represents Investors, Including Retirees

Shepherd Smith Edwards and Kantas (investorlawyers.com) represent residents in The Sunshine State who have suffered losses caused by broker fraud or negligence. If you are a retiree, a retail investor, a high-net-worth investor, or an institutional investor who would like to help determine whether your portfolio losses were due, even in part, to the actions—or lack thereof—of your financial advisor, contact us today to schedule your free, no-obligation case consultation.

Structured Product Attorneys

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

Did Your Broker Sell You Signature Bank Autocallable Notes?

Our Broker-Dealer Negligence Lawyers Can Help You Explore Your Legal Options

In March 2023, Signature Bank shuttered its doors. The Shepherd Smith Edwards and Kantas Structured Product Attorneys (investorlawyers.com) are speaking to investors whose financial advisors may have allegedly unsuitably recommended that they get involved in the Autocallable Contingent Coupon Equity Linked Securities Linked to Signature Bank Due August 5, 2024. Sponsored by Citigroup Global Markets, this is a structured note that came with an “auto-call” feature. Autocallable notes are complex financial instruments that can lead to potentially high returns but also come with significant risks.

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.