Shepherd Smith Edwards and Kantas Represent Investors Against Wall Street Firms and Other Broker-Dealers

The New York misrepresentations and omissions lawyers at Shepherd Smith Edwards and Kantas represent Empire State investors seeking to recover financial losses caused by broker misconduct and undisclosed risks. With over 100 years of combined securities experience, the firm helps clients navigate FINRA arbitration to hold financial advisors and Wall Street firms accountable for misleading statements or hidden details.

Investor losses caused by broker misrepresentations and omissions continue to happen.  According to the Financial Industry Regulatory Authority (FINRA), already this year through September 2026, 837 FINRA arbitration claims alleging misrepresentation and 710 cases alleging omission of fact were filed.

At Shepherd Smith Edwards and Kantas (investorlawyers.com), we represent New York investors that suffered losses because of misrepresentations and omissions. Contact our Buffalo, NY securities law office to schedule your free case consultation.

What Is a Broker Misrepresentation and How Is It Different From a Broker Omission?

• A misrepresentation refers to when the financial advisor makes a  false or misleading statement to a customer.
• An omission is when the broker leaves out key facts an investor should know so they can make informed decisions.

What Is A “Material”  Fact as It Applies to Brokers and Their Customers?

This is any information that a reasonable investor should know when making decisions as to whether to buy, sell, or hold a security. FINRA Rule 2020 and Securities and Exchange Commission (SEC) Rule 10b-5 require the legal disclosure of material facts  and without the making of any misrepresentations or omissions.

Misrepresentations or omissions can be deliberate, an act of negligence, or unintentional. Whatever the reason, if an omission or misrepresentation made by your financial advisor resulted in investment losses, you may be able to sue for damages.

Some Examples of Misrepresentations or Omissions:

• The lack of liquidity involved in private placement investments was never properly explained to you. This is why you thought your funds would be easily accessible.
• The various fees you would have to pay for investing in a Delaware Statutory Trust (DST) was never fully disclosed beforehand. You were blindsided by how much this took out of your principal investment.
• Your broker did not tell you that a particular investment they placed your money in turned out to be fraudulent.
• The financial advisor explained all the gains from a certain financial product but neglected to make sure you were apprised of the risks.
• Your broker promised you high returns and no risk.
• You were informed by your broker that setting up a margin account was a low-risk proposition. You agreed to place your funds in this account and were shocked to suffer serious losses.

Throughout the Empire State, our New York misrepresentations and omissions lawyers can help you assess whether you have grounds for a legal claim against your financial advisor and their firm.

What Are Some Way That Misrepresentations or Omissions Can Lead To Losses for New York Investors

• Giving investors inaccurate, erroneous, or incomplete information can lead to a flawed risk assessment. A customer might decide to invest in risky, illiquid products because they were led to believe their money would be easy to withdraw and the actual risk level was much lower.
• A broker who exaggerates the kind of returns an investment can make—or even one who promises returns with no risk—can compel an inexperienced investor to agree to invest in complex products or volatile strategies that they lack the risk tolerance level for.
• Financial advisors who are also fraudsters may generate fake statements to conceal their scheme and continue to bilk investors.
• The failure of a broker to disclose conflicts of interest, such as proprietary bonuses or even ownership in an investment they are pushing, can expose investors to unsuitable recommendations that are not in their best interest.

Why You Need Seasoned New York Misrepresentations Lawyers  Like Shepherd Smith Edwards and Kantas Representing You

• Proving wrongdoing by a financial advisor is never easy.  Our trusted New York securities law team has a combined more than 100 years of experience in securities law and the securities industry.
• Many of us used to be brokers. We quit because we did not like how investors were treated. We can recognize the bad tactics that perpetuate misrepresentations or omissions.
• You will have to bring your disputes with your broker to FINRA arbitration. Our New York misrepresentations and omissions lawyers know how to maximize your chances for full financial recovery.
• We have secured a collective many millions dollars in awards and settlements for thousands of investors.

Talk To Us About Your New York Omissions or Misrepresentations Case

Call (716) 261-3529 or (800) 259-9010 or reach out to us here to schedule your free case consultation.

Sheridan Meadows Corporate Park South
6225 Sheridan Dr #308-B
Buffalo, NY 14221