FINRA

Morgan Stanley Sued for Unsuitable Recommendations Over Harvest Volatility Strategy, MLPs and Other Complex Investments Made To A Texas Investor

Published on: May 18, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Brokerage Firm Made Unsuitable Investment Recommendations to An Inexperienced Investor

Our brokerage firm fraud lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm) have filed a Financial Industry Regulatory Authority (FINRA) arbitration against Morgan Stanley on behalf of an elderly Dallas, Texas investor.

The investor in question sustained over $500K in losses due to the unsuitable recommendations of structured products, Master Limited Partnerships (MLPs), other oil and gas equities, and investments governed by Harvest Volatility Management’s Collateral Yield Enhancement Strategy (CYES).

Frontier Communications Bonds Purchased From FMSBonds May Have Grounds for FINRA Arbitration Claim

Published on: April 23, 2020 | by Shepherd Smith Edwards & Kantas, LLP

FMSBonds May Not Have Apprised Frontier Communications Investors Of The Risks

If you purchased Frontier Communications bonds from FMSBonds, also known as First Miami Securities, or any other bonds that have turned out riskier than what was represented to you, please contact our broker fraud lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm) today.

Our investor law firm has been speaking to investors with complaints against the Florida-based municipal bond firm to help them determine whether they have grounds for a securities arbitration claims to recover their losses.

Shepherd Smith Edwards and Kantas Investigates Investor Claims Involving Ex-Stifel Nicolaus Broker Steven Rodemer

Published on: April 9, 2020 | by Shepherd Smith Edwards & Kantas, LLP

FINRA Bars Fired Stifel Broker

The Financial Industry Regulatory Authority (FINRA) announced that it has permanently barred former Stifel Nicolaus (SF) stockbroker Steven Dale Rodemer. The brokerage firm fired Rodemer earlier this year following allegations that he took funds from one client’s account without authorization.

Even with COVID-19 disrupting every aspect of our lives, the self-regulatory organization (SRO) continues to issue disciplinary actions against brokers accused of misconduct. Here, at Shepherd Smith Edwards and Kantas (SSEK Law Firm), our broker fraud attorneys also remain hard at work going after the stockbrokers and their firms whose fraudulent or negligent actions contributed to unnecessary investor losses.

Las Pérdidas en las Inversiones durante el Coronavirus tiene a los Inversionistas Buscando Respuestas

Published on: March 31, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Si usted es como muchos americanos con inversiones, podría estar luchando con cómo manejar las pérdidas masivas que afectan su cartera mientras el novedoso coronavirus (COVID-19) continúa haciendo estragos en la economía, los mercados, la industria laboral y la vida de las personas. De lo que puede que usted no se haya percatado es que las pérdidas en sus inversiones también pueden ser el resultado de fraude o negligencia por parte de su corredor o asesor financiero, y es aquí en lo que los abogados de inversionistas de la firma de Shepherd Smith Edwards & Kantas (SSEK) pueden ayudarlo.

Nuestro bufete especializado en fraude en las inversiones representa inversionistas detallistas, inversionistas individuales con un patrimonio neto alto, e inversionistas institucionales a través de los Estados Unidos. Aun cuando nosotros, al igual que ustedes, nos adherimos a las nuevas directrices establecidas para prevenir la propagación del COVID-19, nuestros abogados y el resto de nuestro equipo se mantienen trabajando arduamente preparando, a nombre de nuestros clientes, reclamaciones de arbitraje ante la Autoridad Reguladora de la Industria Financiera (FINRA) en contra de corredores, asesores financieros, y sus firmas.

Aquí está lo que debe conocer sobre demandar a su corredor o asesor financiero

What To Know About Suing Your Broker or Investment Adviser For Fraud In FINRA Arbitration During COVID-19

Published on: March 31, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Investment Losses During the Coronavirus Has Investors Scrambling for Answers

If you are like many Americans with investments, you may be struggling to grapple with the massive losses affecting your portfolio as the novel coronavirus (COVID-19) continues to wreak havoc on the economy, the markets, the job industry, and people’s lives.

What you may not realize is that your investment losses may also be a result of broker fraud or negligence on your stockbroker or investment adviser’s part, which is where our investor attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm) can help you.

Ex-Kestra Financial Broker Involved in Investor Fraud Claims and Accused of Unauthorized Trading

Published on: March 25, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Barred Kestra Investment Services Stockbroker Accused of Unauthorized Trading

Our investor fraud lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm) are currently speaking with former customers of ex-Kestra Investment Services broker, James Blake Daughtry. He was recently barred by the Financial Industry Regulatory Authority (FINRA).

The self-regulatory organization (SRO) issued the ban after Daughtry refused to testify during its investigation into allegations that he may have engaged in transactions that were potentially “fraudulent and unauthorized” in a number of customers’ accounts. Also, in the wake of FINRA’s order, Kestra fired him this month.

Experts Say: Expect More FINRA Arbitration Cases Following Coronavirus and Market Volatility

Published on: March 19, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Investment Losses During COVID-19 Pandemic May Have Been Caused By Fraud Or Negligence

According to experts, George Friedman and Rick Ryder, fears about the novel coronavirus (COVID-19) and the resulting market turbulence will lead to a rise in investor fraud claims and FINRA arbitration cases. Friedman is the Securities Arbitration Alert editor-in-chief and Ryder is the Securities Arbitration Commentator president and founder.

In a recent blog post, What’s Past is Prologue, they spoke about how customers will wonder whether their stockbrokers and investment advisors properly handled their accounts, which are now being negatively affected by the ongoing market volatility.

Jack Jones and Mark Robare of Robare & Jones Wealth Management are the Subjects of a FINRA Complaint Involving GPB Investments and Other Privately Traded Investments

Published on: March 17, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Triad Advisors Sued Over GPB Private Placement Sales

In our latest GPB investor fraud claim against a brokerage firm, Shepherd Smith Edwards and Kantas, (SSEK Law Firm) is seeking up to $500K from Triad Advisors on behalf of a retired Texas couple. The claimants, who are in their seventies, entrusted a significant chunk of their savings to Triad brokers Jack Jones and Mark Robare, whom they are accusing of overconcentrating their money in GPB private placements and other unsuitable investments. The couple contend that they lost half a million dollars as a result.

GPB Capital Holdings, an alternative asset firm that issued the private placements, is accused of operating a $1.5B Ponzi scam. Now, the 60 brokerage firms whose registered financial representatives sold these investments are finding themselves the subject of broker fraud claims from investors seeking to recover their money.

Shepherd Smith Edwards and Kantas Investigates Investor Claims Involving Robinhood Financial

Published on: March 6, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Investors Who Used or Currently Use Robinhood Financial May Have Grounds for a Claim

If you are someone who lost money while using Robinhood Financial to make investments, Shepherd Smith Edwards and Kantas (SSEK Law Firm) would like to speak with you to help you explore whether you have grounds for a claim.

Robinhood Financial offers commission-free trading of stocks, exchange-traded funds (ETFs), and other investments. Its website, along with its app, has executed tens of billions of dollars of trades since its inception in 2013.

Citigroup, LPL Financial, Morgan Stanley, JP Morgan Securities, and Merrill Lynch Fined $1.4M for Failure to Reasonably Supervise

Published on: March 2, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Broker-Dealers Accused of Not Properly Supervising Custodial Accounts

The Financial Industry Regulatory Authority (FINRA) announced that it has fined five major firms $1.4M in total for not reasonably supervising custodial accounts. The broker-dealers are:

Citigroup (C), which will pay $300K.