Private Placement Loss Lawyers 

Did You Suffer Investment Losses While Working With Former Independent Financial Group Broker Armando Roman? Shepherd Smith Edwards and Kantas Want to Talk To You

Our broker fraud attorneys are continuing to investigate claims of losses involving ex-Independent Financial Group registered representative Armando Roman. The former Arizona stockbroker is still a registered investment adviser with AXIOM Founders Family Office.

Several months ago, a Financial Industry Regulatory Authority (FINRA) arbitration panel awarded $1M in compensatory damages to one customer for portfolio losses from allegedly unsuitable private placement recommendations by Roman. The investments involved included:

  • FS KKR Capital Corporation III
  • Strategic Storage Trust
  • Griffin-American Healthcare REIT III
  • American Realty Capital Trust V
  • NorthStar Healthcare Income
  • American Realty Capital Healthcare II
  • Walton US land Fund 3
  • CION Investment Corp.
  • Griffin Capital Essential Asset REIT II

A number of these investments are Direct Participation Programs (DPPs), which are illiquid, high-risk, and cannot be traded on a market exchange. They are unsuitable for many conservative and low-risk investors.  According to the claimant’s investment loss recovery claim, Independent Financial Group allegedly breached its fiduciary duty, committed fraud was negligent, and violated state and federal securities laws. Armando Roman’s CRD shows that this is not the first time one of his customers has stepped forward accusing him of unsuitability.

Seasoned Broker Fraud Law Firm Committed To Fighting For Investors 

Shepherd Smith Edwards and Kantas ( is offering free, no obligation case consultations to former customers of ex-Independent Financial Group Armando Roman.

We have represented other investors against this brokerage firm. This includes, most recently, a Texas couple that is seeking up to $500K in damages over losses they sustained in the purported GWG Holdings Ponzi scam. They too allegedly were unsuitably recommended an illiquid investment that has significantly cost them. Meanwhile, Independent Financial Group and its stockbroker earned high commissions and fees from the transactions.

Savvy Private Placement Loss Attorneys 

Over the decades, we have fought for investors against broker-dealers regarding more than 1000 matters in arbitration, litigation, and mediation. This includes pursuing financial recovery for them related to losses they sustained in private placements, non-traded alternative investment trusts (non-traded REITs), real estate investment trusts (REITs), oil and gas investments, annuities, and much more.

This is not the kind of legal claim you want to make without knowledgeable alternative investment lawyers by your side. Skilled securities representation can maximize your chances for recouping all of your losses.

How To Contact Us:
Call (800) 259-9010 or fill out this form.

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