Current Investigations

Broker Misconduct Law Firm

Published on: April 15, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Should HJ Sims Have Exercised More Caution When Marketing and Selling Its Reg D Offerings To Customers? Our Broker Misconduct Law Firm Are Continuing Our Investigation Into Investor Losses

The Shepherd Smith Edwards and Kantas Broker Misconduct Law Firm (investorlawyers.com) are taking very seriously the number of alleged investor losses related to the Regulation D private placements sold by brokerage firm Herbert J. Sims (HJ Sims). For the last 10 years or so, this broker-dealer has sold more than 90 Reg D offerings valued at over $2B, purportedly whether or not these were suitable for customers given their respective investment profiles, risk tolerance levels, or financial goals.

84 of these HJ Sims private placements were sold exclusively by the firm’s brokers, who earned steep commissions in the process. Not only that but some of the issuers for these Reg D bonds may have been HJ Sims executives. If that is true, then these individuals made money both during the issuing process and when these alternative investments were purchased.

Annuity Loss Lawyer

Published on: April 15, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Massachusetts Retiree Files Seven-Figure CB Life Annuity Lawsuit Accuses Citizens Securities

Claimant Says Broker Misrepresented Colorado Bankers Life Insurance As A Safe Investment

Shepherd Smith Edwards and Kantas Annuity Loss Lawyer Teams (investorlawyers.com) are representing a Medford, MA investor who is seeking up to $1,000,000 in damages from broker-dealer Citizens Securities over the losses she sustained in a Colorado Bankers Life Insurance annuity. In her FINRA lawsuit, this retiree is alleging unsuitability, negligence, misrepresentations and omissions, breach of fiduciary duty, gross negligence, due diligence failures, breach of contract, failure to supervise, and unjust enrichment.

Non-Traded REIT Loss Law Firm

Published on: April 15, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Are You A Moody National REIT II Investor Who Has Suffered Serious Losses? Our Non-Traded REIT Loss Law Firm Can Help You Assess Whether You Have Grounds for a Broker Fraud Lawsuit

Shepherd Smith Edwards and Kantas (investorlawyers.com) is continuing to look into losses by investors whose brokers recommended Moody National REIT II. The non-traded real estate investment trust (non-traded REIT), which invests primarily in hotels and securities, has been under scrutiny since 2020 when it drastically fell in value and its public offering and distribution payments were suspended.

The COVID-19 pandemic shutdown really took a toll on Moody National REIT II. While its share price was originally offered at $25/share, by late 2021 the non-traded REIT’s share price on the secondary market was $8/share. In 2023, it may have been selling for $6.60/share on the limited market.

Louisiana Elder Financial Abuse Law Firm

Published on: April 15, 2024 | by Shepherd Smith Edwards & Kantas, LLP

The SSEK Louisiana Elder Financial Abuse Law Firm is Representing Older Bayou State Investors and Their Families That Have Been The Victims of Bad Brokers

From our Metairie, LA securities law offices in the New Orleans Metropolitan area, Shepherd Smith Edwards and Kantas Louisiana Elder Financial Abuse Law Firm (investorlawyers.com) represent investors who have suffered losses due to elder financial abuse by a broker or investment adviser. Unfortunately, financial advisor exploitation does happen, and older investors are especially vulnerable to this crime.

If you suspect that you or someone you love was the victim of this type of broker misconduct, contact our New Orleans elder financial abuse law firm today to request your free, no-obligation case assessment. We have been fighting for older seniors and other vulnerable adults, including those suffering from dementia, Alzheimer’s disease, or other health issues, for over 30 years.

Regulation D Private Placement Loss Lawyers

Published on: April 15, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Investor Sues HJ Sims Over Bond Losses with Help of SSEK Regulation D Private Placement Loss Lawyers

Broker-Dealer May Allegedly Inflated Prices & Made Unsuitable Recommendations Involving Proprietary Private Placement Offerings

In the wake of allegations that brokerage firm Herbert J. Sims (HJ) Sims may have negligently structured its Regulation D offerings and inflated these bonds’ prices on account statements, Shepherd Smith Edwards and Kantas (investorlawyers.com) Regulation D Private Placement Loss Lawyers are continuing to offer free, no-obligation case consultations to HJ Sims bond investors. The brokerage firm is under scrutiny over its sale of 93 private placement offerings over the last decades. These Reg D offerings are collectively valued at over $2B.

L Bond Fraud Law Firm

Published on: April 10, 2024 | by Shepherd Smith Edwards & Kantas, LLP

San Diego Couple File Six-Figure GWG L Bond Lawsuit Against Infinity Financial Services And Broker Anna Marie Ocampo Lovell. Our California IL Bond Fraud Law Firm Are Representing This Older Couple

Shepherd Smith Edwards and Kantas (investorlawyers.com) represent retail investors who have suffered losses in GWG Holdings. The alternative asset company is accused of running an allegedly more than $1.6B Ponzi scam that has left tens of thousands of investors who purchased GWG L Bonds, including many retirees, with huge losses.

Our clients include a San Diego couple who are suing Infinity Financial Services and La Jolla, CA-based financial advisor Anna Marie Ocampo Lovell for up to six figures in damages. The investors, who both suffer from health issues, entrusted this Infinity broker to tailor their portfolio to their best interests and protect them from taking on any undue risks.

Texas Misrepresentations and Omissions Lawyers

Published on: April 10, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Texas Misrepresentations and Omissions Lawyers Is Investigating Ex-BOK Financial Securities Broker Gihan Fernando

Texas Stockbroker, Now With Cetera, Has 27 Customer Complaints On His CRD Record

If you suffered investment losses while working with Houston, TX financial advisors Gihan Anil Fernando, Shepherd Smith Edwards and Kantas (investorlawyers.com) want to talk to you. The Texas broker is accused by more than two dozen investors of making misrepresentations and omissions regarding certain investment products while he was a BOK Financial Securities registered representative. According to Gihan Fernando’s CRD, 26 of those FINRA arbitration claims, all filed between 2020 and 2024, resulted in settlements.

Dallas Financial Advisor Fraud Law Firm

Published on: March 28, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Dallas, Texas Financial Advisor Fraud Law Firm

Representing Investors Over Losses Caused by Stockbroker Misconduct or Negligence

Founded in 1990, Shepherd Smith Edwards and Kantas (investorlawyers.com) is proud to be one of the most recognized and well-respected financial advisor fraud law firms both in Texas and the United States. Led by Senior Securities Law Partners Kirk Smith, Sam Edwards, and William Shepherd, we represent investors in going after the brokerage firms and investment advisers whose wrongful or negligent actions caused serious investment losses.

Florida Financial Advisor Fraud Attorneys

Published on: March 25, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Florida Financial Advisor Fraud Attorneys From Our Tampa Law Office, We Represent Retail Investors, Retirees, High-Net-Worth Investors, and Institutions

With so many investors from all walks of life living in Florida, it is important to know that our trusted Tampa financial advisor fraud law firm is here to help. Shepherd Smith Edwards and Kantas (investorlawyers.com) represent retail investors, seniors, retirees, accredited investors, high-net-worth individual investors, and institutional investors in pursuing the damages they are owed because of broker misconduct or negligence.

Whether you have been the victim of Florida Financial Advisor Fraud Attorneys by a broker or investment adviser, or a registered representative based elsewhere in the United States, we cannot stress how essential it is that you work with seasoned securities lawyers who have the experience and resources to see your investment loss recovery claim to its conclusion.

Securities Loss Lawyers

Published on: March 22, 2024 | by Shepherd Smith Edwards & Kantas, LLP

CB Life Annuity Investors’ Best Chances For Financial Recovery May Be To Sue Broker-Dealer

A North Carolina Court of Appeals has rejected billionaire Greg Lindberg’s appeal, which clears a path for his Colorado Bankers Life Insurance and Bankers Life Insurance to begin liquidation proceedings on June 30, 2024. The state’s insurance commissioner, Mike Causey, said the opinion by the three-judge panel on March 5 should allow state guaranty associations to start paying claims to policyholders at that time. However, Lindberg’s attorneys could once more appeal, which may cause another delay. That is what they did following an earlier ruling by a Wake County Superior Court judge to liquidate, and investors have been in limbo in their efforts to get back their money.

Lindberg, who has long been suspected of funneling funds from his insurers to his special purpose vehicles, is currently charged with allegedly defrauding annuity policyholders in a $2B scam. He is suspected of taking $1.2B of policyholders’ money for this. Convicted of trying to bribe Causey, that was overturned and he is scheduled for a retrial on those criminal charges.