Articles Posted in Investor Fraud

Is Your Broker Responsible for Your Institutional Investor Fraud Losses? 

How Our Seasoned Institutional Investment Attorneys Can Help 

Shepherd Smith Edwards and Kantas ( represent institutional investors against their broker-dealers in pursuing damages for losses sustained due to broker negligence or fraud. Determining whether you should sue your brokerage firm for misconduct is always challenging even if you are an experienced investor, which is why you should speak with our savvy institutional investment attorneys today.

Seasoned GWG L Bond Investor Loss Attorneys

Filing Your Own Individual FINRA Lawsuit Maximizes Your Chances for Full Financial Recovery

Shepherd Smith Edwards and Kantas ( is representing investors who have suffered serious losses in GWG L Bonds against their broker-dealers. Unfortunately, a slew of regional brokerage firms appear to have unsuitably sold these life settlement-backed bonds to customers, including many retail investors and retirees, in what is now being called an alleged “classic” Ponzi scam. Visit GWG Holdings, Inc. for more information.

Some Investors Are Paying The Price for Conservation Easements As Regulation D Private Placements

Experienced Private Placement Investor Loss Lawyers Can Help

If you are an investor whose brokerage firm recommended that you invest in conservation easements as Regulation D private placements, and you’ve since been informed that you are in violation of tax laws, you will want to speak with skilled Private Placement Investor Loss Lawyer right away.

$500M of This Risky Private Placement Investment May Have Been Sold By Brokerage Firms 

More than two years after the US Securities and Exchange Commission (SEC) announced that it had filed an emergency action against Complete Business Solutions (d/b/a Par Funding), many of those who collectively invested up to $500M in its alternative investment offerings are still grappling with how to recover their investor losses.

The Broker Misconduct Lawyer teams of Shepherd Smith Edwards and Kantas ( are speaking with these investors, many of whom may have been unsuitably sold these risky unregistered securities by brokers. If this is the case for you, then you may have grounds for filing a Financial Industry Regulatory Authority (FINRA) lawsuit against your broker-dealer for damages.

Secured Income Group Investors May Be Victims of Alleged $100M Investment Fraud

If you are someone who invested in Secured Income Group, you may be reeling from the news that in September 2022, the US Securities and Exchange Commission (SEC) filed civil charges accusing the real estate investment company, its owner/President Max McDermott, and investor relations representative Stacey Porter with running an alleged $100M offering fraud. $99.9M of “Secured Debentures” were reportedly offered to investors, including many non-accredited investors.

Secured Debentures were touted as safe, “CD-like” even, only with a higher yield. Secured Income Group claimed that it would hold the loans it made, as well as corresponding security interests while collecting income from them. It was from this income that investors were told to expect 6% to 9% in interest rate payments. Instead, many of them have suffered significant investment losses.

What Are Common Types of Investment Fraud and How Can Our Broker Misconduct Attorneys Help?

Every day, there are financial scammers out there looking to steal money from unsuspecting investors. Some of these fraudsters are registered brokers using the legitimacy of their profession and the brokerage firms they are employed by to hide their schemes while targeting customers.

If you are someone whose financial advisor defrauded you in some type of investment fraud, our skilled broker misconduct attorneys at Shepherd Smith Edwards and Kantas ( may be able to help you pursue damages against the broker-dealer, which should have detected there were red flags and protected you from sustaining significant investment losses.

What Should You Do If You Suspect That You Were The Victim of Investment Fraud or Negligence by Your Broker? 

Our Investor Lawyers At Shepherd Smith Edwards and Kantas May Be Able To Help 

If you are an investor who lost money because your financial advisor committed broker fraud or was in breach of their fiduciary duty, you may be able to obtain compensation for your losses. Our seasoned Investor Lawyers at Shepherd Smith Edwards and Kantas ( have spent decades working with retail customers, retirees, and wealthy investors in pursuing damages from brokerage firms and their financial advisors.

What Are Common Signs of Investment Fraud and How Can Our Investor Attorneys Help? 

Red Flags May Help Identify When You Have Become The Victim of Fraudulent Activities

If you are someone who has suffered significant losses to your investment or retirement funds, it is important that your financial advisor explains to you what happened. Unfortunately, all too often there are investors, including retirees, who will have sustained financial losses due to poor account mismanagement, broker negligence, or securities fraud.

Ex-Wells Fargo Clearing Services Advisor Allegedly Misappropriated Funds from Elderly Investors 

Mario Everildo Rivero is charged with two counts of wire fraud, one count of securities fraud, and one count of investment advisor fraud. He was arrested on March 14, 2022. The ex-Wells Fargo Clearing Services broker is accused of stealing more than $500K from clients. All of them were older investors. 

Prosecutors contend that from April 2018 to November 2020, when Rivero was working as a Wells Fargo financial advisor, he misappropriated at least $529K from four customers. This allegedly included:

Ex-Florence Capital Advisors Principal is Accused of Breach of Fiduciary Duty 

Old City Securities registered representative Gregory Alain Hersch is accused of negligence, breach of fiduciary, misrepresentations, and other claims. In one investor fraud case, the customer is seeking up to $1.4M in damages. Hersch, who is based out of New York, is also the owner of Florence Capital Advisors.

The investor claims they suffered losses from investing in FF Fund I, LP, which is a private equity fund, and they are pursuing their claim against Florence Capital Advisors and Hersch. Shepherd Smith Edwards and Kantas (SSEK Law Firm) are investigating customer losses involving Old City Securities Broker Gregory Hersch.

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