Current Investigations

Unsuitability Attorneys

Published on: May 5, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Alternative Investment Losses While Working With Arete Broker Jason Lamb? Our Unsuitability Attorneys At Shepherd Smith Edwards and Kantas Want To Talk To You

Shepherd Smith Edwards and Kantas Unsuitability Attorneys (investorlawyers.com) is looking into claims of losses by customers of Arete Wealth Management financial Advisor Jason Price Lamb. According to his CRD, this Nashville, TN broker has already been involved in 10 customer disputes since 2024, in which the claimants collectively sought more than $1.3M in damages.

Eight of these investment loss recovery claims have resulted in settlements, while two others remain pending. Most of the cases may have been from when Lamb was still a Center Street Securities broker. Arete has since acquired that broker-dealer.

New York Unsuitability Lawyers

Published on: May 5, 2025 | by Shepherd Smith Edwards & Kantas, LLP

New York Unsuitability Lawyers are Representing NY Investors Against Broker-Dealers and Investment Advisers For More Than 30 Years

For over 30 years, Shepherd Smith Edwards and Kantas (investorlawyers.com) has been working hard to help New York investors recoup their portfolio losses caused by the inappropriate recommendations of their financial advisor.

Unsuitability is one of the most common reasons that investment loss recovery claims are filed. From our Buffalo, NY securities law offices, we have the skills, resources, and knowledge to take on even the most complex cases against the largest brokerage firms and investment advisers on Wall Street and throughout the United States.

Broker Misconduct Attorney

Published on: May 5, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Does Your Financial Advisor Know Exactly What He Or She Is Selling? How Due Diligence Failures and Negligence Can Lead To Investor Losses. Our Broker Misconduct Attorney Can Help!

Often, people will hire a financial advisor because they want expert help making investments, managing their portfolios, keeping their assets safe, saving for retirement, or growing their money.

Stockbrokers are professionals who buy and sell stocks and securities for retail investors, accredited investors, wealthy investors, and institutional investors. In return, they are paid a commission or a fee.

Oppenheimer PEP Loss Attorneys

Published on: May 5, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Did Your Oppenheimer Broker Sell You on Its Portfolio Enhancement Program? Broker-Dealer Encouraged Customers To Borrow On Margin

For more than a year, Shepherd Smith Edwards and Kantas Oppenheimer PEP Loss Attorneys (investorlawyers.com) have been investigating claims of losses by investors whose Oppenheimer broker sold them on the firm’s Portfolio Enhancement Program (PEP). There are growing concerns about misrepresentations, margin abuse, and financial advisor misconduct or negligence.

Oppenheimer PEP is now shuttered. However, this may have been a little too late for some investors, who are saying that they sustained serious losses.

Annuity Fraud Lawyers

Published on: April 28, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Northstar (Bermuda) Investors Can Still Explore Their Legal Options. Our Annuity Fraud Lawyers Continue To File Claims Against Brokerage Firms

Shepherd Smith Edwards and Kantas Annuity Fraud Lawyers (investorlawyers.com) represents dozens of investors, mostly foreign nationals, in their FINRA lawsuits against the US broker-dealers that marketed and sold Northstar Financial Services (Bermuda) to them.

This offshore entity was owned by billionaire Greg Lindberg, who recently pleaded guilty to defrauding investors of $2B. But there were red flags indicating something was amiss even before then. Yet that did not stop many brokerage firms from promoting this risky, unprotected investment, including to those who wanted to take on low-to-no risk.

GWG Bond Loss Attorneys

Published on: April 28, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Moloney Securities Under Scrutiny By State Regulators. Our GWG Bond loss attorneys Are Representing Investors Against This Firm

Last month, Moloney Securities Co. reported in its report with the US Securities and Exchange Commission (SEC) that it is facing inquiries by different state regulators. This disclosure comes just six months after the regulator reached a $316K settlement with the broker-dealer for Regulation Best Interest violations related to the sale of GWG Holdings L Bonds. Three Moloney Securities brokers collectively paid $121K in disgorgement, interest, and penalties over this matter.

GWG is accused of selling more than $1.6B in high-risk supposed life settlement-backed bonds that have left thousands of investors, mostly retail investors and retirees, with serious losses. Meanwhile, dozens of brokerage firms earned hefty commissions from the transactions.

Broker Fraud Loss Attorneys

Published on: April 28, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Investment Losses While Working With Former LPL Broker Derek Copeland? Our Broker Fraud Loss Attorneys Are Looking Into Allegations of Selling Way Involving $11M in Outside Investments

Shepherd Smith Edwards and Kantas Broker Fraud Loss Attorneys (investorlawyers.com) are looking into claims of investor losses involving barred LPL Financial stockbroker Derek Lee Copeland. According to the Financial Industry Regulatory Authority (FINRA), the former North Carolina financial advisor allegedly raised almost $11M through 74 transactions involving 19 securities without the knowledge of LPL.

This is an illegal practice known as selling away. He purportedly used unapproved channels when communicating with clients. The self-regulatory organization (SRO) barred Copeland in March 2025.

San Francisco Failure To Supervise Law Firm

Published on: April 28, 2025 | by Shepherd Smith Edwards & Kantas, LLP

San Francisco Failure To Supervise Law Firm is Representing SF Bay Area Investors In Their FINRA Lawsuits Against Brokerage Firms

Throughout the San Francisco Peninsula, and surrounding areas, Shepherd Smith Edwards and Kantas San Francisco Failure To Supervise Law Firm (investorlawyers.com) works with investors in recouping their portfolio losses that were caused, even if just in part, by a failure to supervise. Broker-dealers have a duty to properly oversee their registered representatives, any associated persons, and activities in customer accounts.

When Failure To Supervise Leads To Serious Losses for San Francisco Investors

Broker Fraud Law Firm

Published on: April 16, 2025 | by Shepherd Smith Edwards & Kantas, LLP

For GK 7% Bond Investors Who Sustained Serious Losses, The Time To Act Is Now. Our Broker Fraud Law Firm Can Help You Assess Whether You Have Grounds For A Claim

If you are a GK 7% Bond investor, there is still time to explore your legal options and find out whether your broker should be held liable for your investment losses. Shepherd Smith Edwards and Kantas (investorlawyers.com) is continuing to investigate the broker-dealers, including managing brokerage firm JCC Advisors, that marketed and sold these debt instruments to customers. Contact us today to request your free, initial case consultation.

What Are GK 7% Bonds?

Investment Broker Fraud

Published on: April 16, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Barred Morgan Stanley Broker Jesus Rodriguez Gets 12-Year Sentence For Investment Broker Fraud

Jesus “Chuy” Rodriguez de la Cruz (“Rodriguez”), an ex-Morgan Stanley stockbroker in Texas, was sentenced to 12 years in prison for defrauding investors in a multimillion-dollar investment fraud. His CRD on BrokerCheck lists him as Jesus Rodriguez.

Rodriguez was barred by the Financial Industry Regulatory Authority (“FINRA”) in 2021. The U.S. Securities and Exchange Commission (“SEC”) filed a complaint against Rodriguez last year accusing him of misappropriating over $4.6 million from the accounts of at least 10 investors at Morgan Stanley where he was a registered representative from 2009 to 2021.