Articles Posted in Current Investigations

Are You An Investor Who Lost Money While Working With Now Barred Broker Antoine Souma? 

Ex-Los Angeles Financial Advisor, Once Lauded by Barron’s, May Have Targeted Middle Eastern Investors 

More than four years after J.P. Morgan Securities agreed to pay $14M to an investor who blamed former stockbroker Antoine Nabih Souma’s alleged misconduct for a $20M loss, Shepherd Smith Edwards and Kantas ( is continuing to look any significant portfolio losses of those who worked with him. Barred by the Financial Industry Regulatory Authority (FINRA) in early 2023 after refusing to provide information and documents in an ongoing investigation, Souma most recently was an Insigneo Securities broker in Beverly Hills, CA.

Pariter Securities May Have Sold ICap Investments To Investors Now Suffering Huge Losses. Our Reg D Private Placement Lawyers Represent iCap Investors

At Shepherd Smith Edwards and Kantas (, it has come to our attention that Pariter Securities may have unsuitably sold iCap investments to customers. Now, in the wake of real estate investor and manager iCap Enterprises’ Chapter 11 bankruptcy protection, these investors and many others are reporting huge investment losses.

iCap raised $245M from investors through a number of independent brokerage firms that earned high commissions from the sales of:

Chicago Financial Advisor Fraud Attorneys

Representing Illinois Investors In Recouping Their Losses From Brokers and Investment Advisers

According to the Federal Trade Commission, in 2022 consumers lost over $3.8M to investment scams. Unfortunately, among the perpetrators and/or enablers of such schemes are financial advisors. At Shepherd Smith Edwards and Kantas (, we represent Illinois investors who have lost money because of the fraudulent behaviors of their stockbroker or investment adviser.

Are You An Investor Who Purchased HJ Sims Private Placements?

Shepherd Smith Edwards and Kantas Private Placement Loss Lawyer team Is Investigating Claims of Losses 

If you suffered losses from a private placement offering from HJ Sims (Herbert J. Sims and Co.), Shepherd Smith Edwards and Kantas would like to talk to you. The firm has come under scrutiny over its sale of at least 93 Regulation D private offerings—around $2.2B worth over the last decade.

Did Your Financial Advisor Know Exactly What They Were Selling You?

Our Broker Misconduct Attorney Team Can Help You Assess Whether You Have Grounds For a Legal Claim

If you are an investor who has had the unexpected surprise of sustaining significant losses in an investment that proved to be fraudulent, you may have invested too much in, or was unsuitable for you given your risk tolerance level, you may be wondering how to recoup your losses. Do you go after the issuer of the investment? Does your broker have any liability in this matter?

Did Former Dempsey Lord Smith Broker Arni Diamond Sell You GWG L Bonds?

Our Skilled Investment Investment Loss Recovery Lawyer Team Wants To Talk To You 

Shepherd Smith Edwards and Kantas ( are continuing to investigate claims of losses by those who worked with former financial advisor Arni Jay Diamond. Temporarily suspended by the Financial Industry Regulatory Authority (FINRA) for allegedly unsuitably recommending speculative alternative investments, including limited partnerships, to two older investors, Diamond is a previously registered broker and investment adviser. He also has been licensed to sell insurance products in Florida under his company The Diamond Group.

Colorado Bankers Life Insurance Investors Still Have Time To Sue Their Brokers 

Our Annuity Loss Lawyers Are Representing Claimants Who Suffered Serious Losses

Shepherd Smith Edwards and Kantas ( are continuing to represent many of the annuity holders who suffered losses in Colorado Bankers Life Insurance and other Greg Lindberg-owned insurance companies. Unfortunately, about 70,000 retirees and other retail customers have been unable to withdraw the savings that they invested in these insurers for the last few years.

Shepherd Smith Edwards and Kantas Alternative Investment Lawyer Teams Investigates Investor Losses Involving Coastal Equities Broker Gilbert Conrad

Clients of NY Financial Advisor Are Seeking Millions of Dollars in Damages

If you are an investor who suffered serious losses while working with stockbroker Gilbert Russell Conrad, Shepherd Smith Edwards and Kantas ( would like to talk to you. Currently a Coastal Equities financial advisor, Conrad was an Arkadios Capital broker from 2020 to 2022. He was an Independent Financial Group registered representative from 2016 to 2020. He worked at several other broker-dealers before that and has been in the industry for nearly thirty years.

Kentucky Financial Advisor Fraud Law Firm

From Our Lexington, Kentucky Financial Advisor Fraud Law Firm We Provide Zealous Advocacy and Solid Representation to Investors 

Whether you are a retail investor, a retiree, a high-net-worth individual investor, or an institutional investor, if you are someone who suspects you have been the victim of financial advisor fraud Shepherd Smith Edwards and Kantas ( would like to talk to you. Our Lexington financial advisor misconduct attorneys represent Kentucky investors against the broker-dealers, investment advisers, and their registered representatives that caused your investment losses.

If You Are A Watermark Lodging Trust Investor Our Knowledgeable Non-Traded REIT Loss Lawyer Wants To Talk To You. Your Broker-Dealer Could Be Held Liable For Your Losses

More than a year after Watermark Lodging Trust announced that stockholders had approved its acquisition by Brookfield Real Estate Funds, investors of this non-traded real estate investment trust (non-traded REIT) may still want to explore their legal options for financial recovery. Shepherd Smith Edwards and Kantas ( can help.

Formed when Carey Watermark Investors and Carey Watermark Investors 2 merged in April 2020, Watermark Lodging Trust closed all of its hotels during the COVID-19 pandemic. Distributions from its common stock, as well as redemptions, were suspended. Not only that but while original shares in the two Carey Watermark REITs were sold at $10/share, earlier investors saw an almost 50% loss after the merger that resulted in Watermark Lodging Trust.

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