Investor Lawyers Blog

Broker Negligence: Avoid Investment Losses with these Tips

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

Ocean Financial Services

This independent broker-dealer is a wholly owned subsidiary of Ocean Bank in Florida and was established in 2012. Headquartered in Miami, Ocean Financial Services offers investment management and financial strategies, as well as advice and recommendations, to all kinds of investors. The firm’s website lists fixed income, mutual funds, equity securities, structured products, legacy planning, and credit solutions as among the products and services it provides customers. Ocean Financial Services is licensed in California, North Carolina, Delaware, New York, Texas, and Florida.

Shepherd Smith Edwards and Kantas (investorlawyers.com) represent investors, including foreign nationals, because an Ocean Financial Services broker unsuitably recommended certain financial products to them and this resulted in significant investor losses. Most notably, we have filed a number of Financial Industry Regulatory Authority (FINRA) arbitration cases against this broker-dealer related to Northstar Financial Services (Bermuda) products.

FINRA Lawyers Helping Pursue O&G Losses Involving David Lerner

Published on: October 17, 2022 | by Shepherd Smith Edwards & Kantas, LLP

How Energy 11 Investors Can Pursue Oil and Gas Investment Losses From David Lerner & Associates

Broker-Dealer Owes $45M in Unpaid Distributions And Has Been The Subject of FINRA Arbitration Claims

Once again, David Lerner & Associates has come under scrutiny over proprietary products that it sold exclusively to its customers. In the firm’s yearly report, the broker-dealer admitted that it owes $45M in unpaid distributions to those who invested in Energy 11, LP.

Know When You Need to Hire an Investment Loss Lawyer

Published on: October 17, 2022 | by Shepherd Smith Edwards & Kantas, LLP

What Is The Investment Grade Fund I and Why Are Investor Losses A Concern?

Broker-Dealer Negligence Allegations Surface Following Private Placement Losses for Investors. If you are an investor whose broker recommended that you purchase shares in IGF Investment Grade Fund I, LP, you may be struggling with whether you need to hire an Investment Loss Lawyer. This real estate core-plus fund, run by IGF Partners, was marketed and sold by brokerage firms all over the United States.

IGF Fund I investors were told that they could expect 6% yearly returns that were to be paid monthly and that two-thirds of the income would be tax-deferred. Now, however, there are growing concerns that brokerage firms may have been negligent when marketing and selling this IGF Fund to customers. This is why Shepherd Smith Edwards and Kantas (investorlawyers.com) are currently speaking to investors to help them determine whether they have grounds for an investor loss claim.

REIT Fraud Lawyers Can Help Recover SmartStop Self Storage Losses

Published on: October 17, 2022 | by Shepherd Smith Edwards & Kantas, LLP

How Can SmartStop Self Storage REIT Investors Recover Their Losses?

Our Non-Traded REIT Fraud Lawyers Continue To Investigate Claims Against Broker-Dealers. If you are an investor whose brokerage firm recommended SmartStop Self Storage REIT, you may be trying to figure out how to recover your investment losses. Formerly called Strategic Storage Trust II, this self-managed non-traded real estate investment trust (non-traded REIT) suspended its share redemption program and distribution reinvestment plan in early 2022. However, even if redemptions are possible, investors might not be able to recover their full investment.

SmartStop Self Storage REIT touts itself as “one of the largest self-storage companies in North America.” According to its website, the real estate investment trust has a team of about 450 self-storage professionals, owns or manages approximately 176 properties in Canada and the United States, and has about $2.8B in total capitalization.

Broker-dealer Negligence Lawyers Assist Investors Neglected by Aegis

Published on: October 13, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Are You an Investor Who Suffered losses in Aegis Capital-Underwritten YayYo IPO?

Broker-Dealer Faces Investor Fraud, Negligence, and Misrepresentation Allegations

If you are an investor who took part in an initial public offering (SPO) sold by Aegis Capital Corp. and you suffered investment losses, you may want to consider exploring your legal options. Stock IPOs are often marketed by brokerage firms as significant opportunities for investors, but that doesn’t always prove to be the case.

Should You File a FINRA Arbitration Claim Over Private Placement Sale Losses?

Published on: October 13, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Broker-Dealer Negligence Alleged Related To Investor Losses Tied to GPB Auto and GPB Holdings II

Should You File a FINRA Arbitration Claim Against Sanctuary Securities Over Your GPB Private Placement Sale Losses?

If you are someone whose Sanctuary Securities broker recommended that you invest in GPB Capital Holdings private placement funds, you may be able to file a Financial Industry Regulatory Authority arbitration claim or FINRA arbitration claim for your losses. The broker-dealer is one of the dozens of US-based firms accused of unsuitably recommending and selling GPB Capital Holdings private placement shares, in particular those involving GPB Automotive Portfolio, LP, and GPB Holdings II, LP, to customers.

Why You Should Hire Experienced Investor Lawyers to Represent You

Published on: October 13, 2022 | by Shepherd Smith Edwards & Kantas, LLP

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 (investorlawyers.com) have spent decades working with retail customers, retirees, and wealthy investors in pursuing damages from brokerage firms and their financial advisors.

How Can A Seasoned Bond Fraud Losses Law Firm Help You?

Published on: October 13, 2022 | by Shepherd Smith Edwards & Kantas, LLP

What Should You Do If You Are A GK Investment Holdings 7% Bond Investor?

JCC Advisors and Other Broker-Dealers May Have Unsuitably Sold This Investment To Customers

Earlier this year, GK Investment Holdings, LLC (GKIH) sent a letter to investors warning that if 90% of them failed to trade in their current 7% Bonds with “new bonds,” which would extend the bonds’ maturity date, the old bonds would likely go into default. This could delay the repayment of bondholders’ principal or render the company unable to pay back their principal at all. GKIH cautioned that it could end up having to file for bankruptcy even. All of these possible outcomes are highly concerning for investors given that they could stand to lose money.

What Are the Common Signs of Investment Fraud

Published on: October 13, 2022 | by Shepherd Smith Edwards & Kantas, LLP

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.

Raymond James Pays $500K After Broker is Accused of Elder Financial Abuse

Published on: October 6, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Raymond James Pays $500K After Broker is Accused of Elder Financial Abuse

Broker-Dealer Allegedly Failed To Supervise Ex-Stockbroker Frederick Stow Who Stole Older Investors’ Money

Unfortunately, elder financial abuse continues to be a huge problem. In many instances, the perpetrators have been financial professionals, including those who are registered brokers at well-known brokerage firms. If you (or someone you love) are a senior investor who has suffered losses that you suspect may be caused by broker misconduct or negligence, it is important that you explore your legal options right away.