Investor Lawyers Blog

What Is Stockbroker Misconduct?

Published on: November 8, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Our Seasoned Brokerage Firm Arbitration Attorneys Are Here To Help Recover Investor Losses when Stockbroker misconduct is Suspected

There are different kinds of broker misconduct that can be committed by registered representatives and/or their broker-dealers. There is, of course, the most egregious kind, which is when a financial advisor purposely commits stockbroker fraud by running an investment scam or misappropriating investors’ funds by theft. These are crimes that should be prosecuted. However, criminal fraud charges don’t always lead to recovery of investor losses for victims. The same can be said for the outcomes of civil cases filed by the US Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), or a state securities regulator against a broker-dealer.

For over 30 years, Shepherd Smith Edwards and Kantas (investorlawyers.com) has been fighting for investors pursuing damages from their broker-dealers and financial advisors. With savvy FINRA lawyers representing you, filing your own broker misconduct against your brokerage firm can increase your chances for a full, or even partial, financial recovery.

How Can Our Broker Misconduct Attorneys Help with Investment Fraud?

Published on: November 8, 2022 | by Shepherd Smith Edwards & Kantas, LLP

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 (investorlawyers.com) 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.

FINRA Lawsuit Attorneys assist TCA Fund Investors

Published on: November 8, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Alleged Unsuitability and Due Diligence Failures May Be Grounds for a FINRA Lawsuit

If you are someone whose financial advisor recommended one of the TCA Global Credit Funds to you, there may be reasons to sue your broker-dealer for damages. In 2020, TCA Fund Management Group Corp. and key executives were accused of securities fraud, including allegedly fraudulently inflating the net asset values and performance outcomes of a number of its funds. This purportedly led to hundreds of investors being defrauded while leaving its funds, which allegedly falsely held about $516M, in serious trouble. Affiliated company TCA Global Credit Fund GP Ltd. also was accused of investor fraud.

Shepherd Smith Edwards and Kantas (investorlawyers.com) are working with a number of TCA Global Fund investors to determine whether they have grounds for a FINRA lawsuit. Unfortunately, it appears that alleged due diligence failures, unsuitability, misrepresentations and omissions, and broker negligence may have been factors when certain brokers marketed and sold one of these TCA Funds to customers:

Why Working With A Skilled FINRA Law Firm Can Increase Your Ability to Recover Losses

Published on: November 8, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Why Working With A Skilled FINRA Law Firm Can Increase Your Chances of Recovering Your GWG L Bond Losses

Our Seasoned Brokerage Firm Negligence Attorneys Continue To File Investor Loss Claims For L Bond Investors

While broker-dealers all over the United States earned high commissions and fees from selling GWG L Bonds to clients, including to retail investors and retirees for whom these risky life-settlement-backed bonds were unsuitable, many of these customers are continuing to grapple with their investment losses. Now, with GWG Holdings, Inc., which issued $1.6B of these high-yield junk bonds, in bankruptcy proceedings, investors’ best bet for recouping their losses is by filing a Financial Industry Regulatory (FINRA) arbitration claim against their brokerage firm.

When Failure To Supervise Requires a Broker Fraud Attorney

Published on: November 8, 2022 | by Shepherd Smith Edwards & Kantas, LLP

When Failure To Supervise Enables Broker Fraud

Texas Retirees Whose Financial Advisor Stole Their Savings File FINRA Arbitration Claim Against Planmember Securities

As their customer, your broker-dealer has a fiduciary duty to properly supervise your accounts and your financial advisor’s activities when working with you. Unfortunately, failure to supervise these types of financial firms happens way too often. This lack of oversight makes it easy for stockbroker mistakes and wrongful misconduct to happen, which can lead to serious investor losses. That is why it is important to know when failure to supervise requires a broker fraud attorney to recover losses.

Broker Dealer Negligence Attorney Assists Northstar Financial Service Clients

Published on: November 8, 2022 | by Shepherd Smith Edwards & Kantas, LLP

SSEK Broker Dealer Negligence Attorneys Helping Northstar Financial Services Investors

Are You A Japanese Investor Whose US-Based Broker Sold You Northstar Financial Services (Bermuda) Products?

Retired Couple Files FINRA Lawsuit Against Bankoh Investment Services and Broker Yoko Farias

What Is Churning and How Does It Lead to Investor Losses?

Published on: October 25, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Investor Losses While Working With Ex-Network 1 Financial Securities Broker Charles Malico?

Customers Accuse New York Financial Advisor of Broker Misconduct

In the Financial Industry Regulatory Authority’s (FINRA’s) first disciplinary action related to Regulation Best Interest, the SRO has imposed a $5K fine and six-month suspension against former Network 1 Financial Securities financial advisor Charles Vincent Malico in Huntington Station, New York. This is not the first time that Malico has been accused of broker negligence, churning, or misconduct.

ETF Investor Loss Lawyer: Know When You Need Contact One

Published on: October 25, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Should You Call an ETF Investor Loss Lawyer You Suffered Investor Losses in Ark Innovation ETF

Cetera and Other Broker-Dealers Now Facing ETF Investor Loss Claims From Customers

Many investors of the Ark Innovation Exchange-Traded Fund (ARKK) have been blindsided by their losses. According to sources, the ETF has lost more than 55% year-to-date and has seriously underperformed in the broad market. This is a complex structured note that has proven to be incredibly risky and volatile. It is also non-diversified, with nearly 50% of its total assets invested in just 10 companies.

FINRA Lawsuit Filing Options for Latin American Investors

Published on: October 25, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Can Latin American Investors Pursue Northstar Financial Services (Bermuda) Investment Losses?

If you are an investor from Latin America, Central America, or South America who was recommended and sold Northstar Financial Services (Bermuda) products by a US-based brokerage firm, you should speak with our variable annuity investment fraud lawyers right away. Unfortunately, it appears that despite looking to the United States for a safe haven for their assets, many foreign nationals were unsuitably sold Northstar (Bermuda) fixed- and variable annuity products from this offshore entity by US-based financial advisors. If you fall into any of the above categories, you may need to contact a FINRA lawsuit attorney.

One can only assume that the high commissions and fees earned by broker-dealers for selling Northstar Financial Services (Bermuda) investments purportedly took greater precedence over looking out for these customers’ best interests. Many of the victims are retail investors and older investors, including retirees, who have now suffered losses in the six figures.

Do You Need a FINRA Lawyer to Recover Investment Losses

Published on: October 25, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Investment Losses While Working With Former Fortune Financial Services Broker Richard Wesselt?

Investors May Be Able to Look To FINRA Lawyer To Recover Damages Caused By Broker Misconduct

It can be devastating to discover that the broker you entrusted to properly manage your portfolio and make investment recommendations was negligent or engaged in other actions that caused you to sustain serious investment losses. One former registered representative under scrutiny for his handling of clients’ accounts is ex-Fortune Financial Services broker Richard Michael Wesselt.