Current Investigations

Investment Loss Recovery Attorneys

Published on: December 20, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Are You A GPB Capital Fund Investor Still Struggling With Investment Losses?

There Is Still Time To Pursue Damages For Broker-Dealer Negligence

A judge has appointed a receiver to liquidate GPB Capital Holdings. The person who has been assigned that role is Joseph Gardemal of Alvarez & Marsal, who has been serving as the court-appointed monitor of GPB Capital Holdings since 2021. In a letter to GPB Fund investors, Gardemal said that he will submit a plan to the U.S. District Court for the Eastern District of New York by January 22, 2024, and he intends to start distributing assets as soon as he can after the plan is approved.

Private Placement Fraud Lawyers

Published on: December 20, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Brokerage Firm StillPoint Capital Under Scrutiny For Selling ICap Investments

Our Reg D Private Placement Fraud Lawyers Are Investigating Investor Losses

If you were sold an iCap private placement by a StillPoint Capital financial advisor, please contact the Private Placement Fraud Lawyers at Shepherd Smith Edwards and Kantas (investorlawyers.com) today. The broker-dealer is reportedly one of the many firms who availed of the high sales commissions of up to 10% even if that meant allegedly unsuitably recommending these Reg D investments to retail customers, including those with moderate or low-risk tolerance levels.

Real Estate Investment Fraud Attorneys

Published on: December 18, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Investigates $63M in Investor Losses Involving CrowdStreet & Alleged Nightingale Fraud

Allow Our Seasoned Broker Investment Loss Recovery Lawyers To Help You Explore Your Legal Options

If you were an investor in either of the deals to purchase commercial real estate in Miami and Atlanta through Nightingale Properties and its CEO Elie Schwartz, you may have grounds for a claim seeking damages against CrowdStreet Capital. The brokerage firm allegedly connected investors to Nightingale, which is now accused of running an alleged investment scam that defrauded some 800 investors of around $63 million.

FINRA Law Firm

Published on: December 11, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Serious Investment Losses While Working With Ex-Western International Securities Broker Christopher Kennedy?

Shepherd Smith Edwards and Kantas Represents Investors Who Have Been The Victims of Financial Advisor Fraud

The Financial Industry Regulatory Authority (FINRA) recently barred former Western International Securities broker Christopher Booth Kennedy. The ex-financial advisor has been accused of different kinds of stockbroker misconduct, including excessive trading, unauthorized trading, improper options trading, unsuitability, misrepresentations, breach of fiduciary duty, breach of contract, and negligence.

Unauthorized Trading Lawyers

Published on: December 11, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Unauthorized Trading Can Lead To Serious Investor Losses

Ex-DA Davidson Broker Andrew David Schell Has Been Involved in 19 Customer Disputes

If you suffered investment losses while working with former Colorado financial advisor Andrew Schell, please contact Shepherd Smith Edwards and Kantas (investorlawyers.com). The formerly registered broker and investment adviser has 20 disclosures on his CRD. 19 of them are customer disputes that have resulted in settlements.

Private Placement Loss Lawyers

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

Are You One of the 1800 Investors That Purchased iCap Securities? Our Private Placement Loss Lawyers May Be Able To Help You Recover Your Losses

If you are an iCap investor, please contact Shepherd Smith Edwards and Kantas Private Placement Loss Lawyers (investorlawyers.com). Our seasoned Regulation D investment loss attorneys are looking into claims of losses and investigating which broker-dealers should be held liable for damages. We are speaking with both US investors and Chinese nationals. Many of the latter were reportedly hoping to secure their US EB-5 visas by investing.

Real estate investor and manager iCap Enterprises had raised $245M from investors with the help of independent broker-dealers. However, earlier this year, dividend payments were suspended supposedly because of the risk of growing interest rates. In September 2023, iCap filed for Chapter 11 bankruptcy protection, and its founder Chris Christensen resigned. Third-party management group Paladin is now overseeing these real estate investments that include private placements and at least one publicly registered security, the iCap Vault 1.

Elder Financial Abuse Attorney

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

Older Investors Remain Among The Most Vulnerable Targets of Broker Exploitation

Our Elder Financial Abuse Attorney Teams Are Investigating Claims of Losses Involving Ex-Mutual Securities Broker Julie Darrah

Financial exploitation of older people remains a huge problem, and such crimes frequently go unreported because victims are reluctant to speak out. Those who commit elder financial abuse may be friends, family, acquaintances, and even trusted stockbrokers and investment advisers who should have been looking out for their client’s best interests and not taking advantage of them.

Texas Non-Traded REIT Lawyers

Published on: November 21, 2023 | by Shepherd Smith Edwards & Kantas, LLP

I’m A Silver Star Properties REIT Investor. How Can I Recover My Losses?

Our Skilled Texas Non-Traded REIT Lawyers May Be Able To Help You

If you are a Silver Star Properties REIT investor, please contact Shepherd Smith Edwards and Kantas(investorlawyers.com) today to request your free, no-obligation case consultation. This Texas non-traded real estate investment trust (non-traded REIT) left many reeling after filing for Chapter 11 bankruptcy in September as it continues its efforts to sell off a portfolio that included $400M worth of commercial properties.

Broker Fraud Law Firm

Published on: November 21, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Are You A Chinese Investor Who Suffered Losses in iCap Securities?

Our Broker Fraud Law Firm Represents Non-US Citizens in Recouping Losses From US Brokerage Firms

Shepherd Smith Edwards and Kantas Broker Fraud Law Firm (investorlawyers.com) is representing both US citizens and non-US citizens in recouping their losses involving iCap. Some 1800 investors are believed to have purchased iCap investments that were issued by iCap Enterprises and sold by US-based broker-dealers, which appear to have been paid up to 10% in commissions by iCap Equity.

Unsuitable Trading Attorneys

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

When Unsuitable Trading Leads To Investor Losses

Our Unsuitable Trading Attorneys Are Speaking To Former Customers of Ex-Merrill Lynch Broker Robert Gerstein

The Financial Industry Regulatory Authority (FINRA) has suspended a former longtime Merrill Lynch financial advisor for allegedly recommending that some customers short-term trade their mutual fund shares and certain complex financial products that were better suited for a longer-term trading strategy. Robert Gerstein, who worked at the broker-dealer for more than four decades, consented to the six-month suspension, $5,000 fine, and $129,496 plus interest in restitution that the self-regulatory organization (SRO) imposed. However, he did so without denying or admitting to its findings. Shepherd Smith Edwards and Kantas (investorlawyers.com) are looking into claims of investor losses by former customers of ex-Merrill Lynch stockbroker Robert Gerstein or any other financial advisor.