Investor Lawyers Blog

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.

How to Recognize Elder Financial Abuse

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

Ex-LPL Financial Broker Bradley Goodbred Is In Trouble For Alleged $1.3M Elder Financial Abuse

How Senior Investors Can Pursue Damages Over Their Investment Losses

The US Securities and Exchange Commission (SEC) recently filed charges against former LPL Financial broker Bradley Allen Goodbred. The ex-Chicago financial advisor, who was barred from the Financial Industry Regulatory Authority (FINRA) in 2021 for not cooperating in the self-regulatory organization’s (SR0’s) probe, is accused of stealing $1.3M from an older client with dementia.

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.