Reg D Investment Loss Recovery Lawyers

Did Herbert J Sims Broker Alan Dalewitz Sell You Private Placements?

Shepherd Smith Edward and Kantas Reg D Investment Loss Recovery Lawyers Are Investigating Investor Losses

If you suffered serious portfolio losses while working with Herbert J. Sims & Co. (HJ Sims) stockbroker and investment adviser Alan Jay Dalewitz, or any other financial advisor from that firm, Shepherd Smith Edwards and Kantas (investorlawyers.com) want to talk to you. A customer of Dalewitz recently filed an investment loss recovery claim seeking up to $150K in damages and is alleging unsuitable investment recommendations.

Dalewitz is not a respondent in the FINRA lawsuit brought by the investor. It is HJ Sims that is being sued. This is because broker-dealers can be held liable for the alleged negligence or misconduct of their registered representatives. If one of HJ Sims’ exclusively sold private placements was involved in this investor’s losses, then the brokerage firm may have played an even more active role.

Our seasoned investment loss recovery attorneys have been investigating HJ Sims for some time now over allegations that it unsuitably marketed and sold 93 private placements. Not only that, but HJ Sims was the exclusive broker on 84 of these investments, many of which came from issuers set up by some of the firm’s own executives who were profiting on both ends.

HJ Sims is also under scrutiny over allegations that it may have inflated the value of these private placements on customer accounts even after their prices dropped in value. Not only that but a number of these alternative investments have already defaulted, including:

• Sims Cathcart Funding
• Cypress Point Funding
• Madison Funding I
• Riverchase Funding
• Gryphon Finance I
• Tuscan Isle Holdings I
• Tuscan Isle Championsgate Holdings
• Hawkeye Village Finance I
• Meridian Portfolio Funding I
• Wakefield Portfolio Funding I
• HJSI Athena Portfolio Finance
• Poet’s Walk Funding I

Regulation D private placements are high-risk, illiquid investments and should only be marketed and sold to accredited investors. They can make a lot of money for the brokers who sell them—up to 12% in commissions. Losses for investors, especially when broker fraud is involved, can be huge. Unfortunately, due diligence failures by brokers and their firms do happen.

Our Savvy Reg D Investment Loss Recovery Lawyers Are Here To Fight For Investors 

For over 30 years, Shepherd Smith Edwards and Kantas has represented investors in all kinds of securities fraud claims against brokerage firms and investment advisers. As former brokers who left that industry because of bad behaviors we witnessed, we know how to identify broker misconduct. Now, as dedicated investor lawyers, we are committed to helping our clients recoup their losses.

Call (800) 259-9010 today.