Investor Lawyers Blog

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.

Shepherd Smith Edwards and Kantas Investigates Customer Claims Involving Former LPL Financial Broker Mark Lamkin

Published on: April 8, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Former LPL Financial Broker Borrowed $1.3M From Customer Without Notifying Firm

Mark Lamkin, an ex-LPL Financial representative, has been suspended by the FINRA for three months. Lamkin, who is now a Calton & Associates broker, is accused of borrowing $1.3M in total from an LPL Financial Services customer between 2011 and 2017 without getting written approval from or notifying the broker-dealer. This is not the first time he is accused of broker misconduct.

Shepherd Smith Edwards and Kantas (SSEK Law Firm) is investigating claims involving Mark Lamkin, who has been a registered representative for 28 years. Contact our stockbroker fraud attorneys today.

Shepherd Smith Edwards and Kantas Continues to Investigate Investor Losses Involving Robinhood Financial Outages Before COVID-19

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

Robinhood Financial Apologizes To Investors For Outages

If you are an investor who recently sustained losses through Robinhood Financial’s investing platform, contact our investment fraud attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm) today.

Robinhood Financial, which provides an online platform that facilitates stock, exchange-traded funds (ETFs), and other investment trades without charging commissions, recently experienced technical snafus that caused major outages and prevented trading on March 2nd and March 3rd.

Shepherd Smith Edwards and Kantas Investigates Investor Losses Involving VelocityShares 3x Long Crude Oil ETN (UWT)

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

Energy Exchange Traded Products Including VelocityShare 3x Long Crude Oil ETN Tank

As market volatility continues to wreak havoc on different investments in the wake of COVID-19, our securities fraud lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm) are fighting for investors needing to recover their losses.

Last month, a huge market-sell off caused Leveraged Energy Traded Products (ETPs), including the VelocityShares 3x Long Crude Oil ETN (UWT), to plunge in value.

Shepherd Smith Edwards and Kantas Investigates Claims Involving Leveraged UBS ETRACS ETNs After COVID-19 Market Crash Causes Investor Losses

Published on: April 1, 2020 | by Shepherd Smith Edwards & Kantas, LLP

UBS To Offer Redemptions to ETRACS ETN Investors After Coronavirus-Spurred Crash

If you are an investor who was sold UBS ETRACS exchange-traded notes (ETNs), please contact our investor lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm) today. ETRACS ETNs are complex and risky investments and they are not suitable for every investor.

UBS recently announced that it was offering mandatory redemptions for certain ETRACS ETNs while freezing trading of others after the market crashes spurred by the novel coronavirus (COVID-19) pandemic. UBS ETRACS ETN investors have lost a lot of money.

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.

Harvest Volatility Management’s CYES Investments Prove Too Risky For Many Investors During COVID-19

Published on: March 30, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Risks Tied To CYES Strategy Investments Cause More Losses During The Coronavirus

For the past year, our CYES Strategy fraud lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm) have been working with investors who suffered losses from Collateral Yield Enhancement Strategy (CYES) Investments that were issued by Harvest Volatility Management but were sold by brokers from Morgan Stanley, JP Morgan, Fidelity, Charles Schwab, and other broker-dealers.

Now, with all the market turbulence causing investments to drop in the wake of the novel coronavirus (COVID-19), this Yield Enhancement Strategy is experiencing even more losses.

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.

Some Brokers Are Taking Advantage Of Investors During The COVID -19 Coronavirus

Published on: March 24, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Watch Out for Brokers Looking to Make High Commissions During COVID-19

With the market crashing in the wake of the Coronavirus (COVID-19), many investors are suffering from massive losses in their portfolio and are looking to their brokers for investment advice.

Unfortunately, not all stockbrokers work with their customers’ best interests at heart, breaching their fiduciary duty in the process. There are also unscrupulous registered representatives who may even seek to take advantage of these hard times and try to persuade investors to buy into risky investments that charge high commissions. Such fraudulent and negligent behavior will lead to even more investment losses and ultimately, acts of stockbroker misconduct.