Broker Dealer Negligence Lawyers

Shepherd Smith Edwards and Kantas Investigates Webull Financial After Unauthorized Third Party Allegedly Ran Pump and Dump Scam Involving TLIH Shares In Customers’ Accounts 

Our Broker Fraud Law Firm Is Representing Webull Financial Customers

Shepherd Smith Edwards and Kantas Broker Dealer Negligence Lawyers (investorlawyers.com) are offering free case consultations to Webull Financial customers who sustained losses in Ten-League International Holdings Limited (TLIH).

It has come to our attention that an unauthorized third party may have breached this broker-dealer’s security, gained access to customer brokerage accounts, and proceeded to run an alleged pump-and-dump scam involving this penny stock.

Ten-League International Holdings Limited started trading on July 8, 2025, and experienced a huge surge two weeks later, then immediately saw its share value drop. TLIH shares are now down to 60 cents/share from as high as $7.00/share.

Already, our Broker Dealer Negligence Lawyers are representing two older California investors who suffered at least $500,000 in losses in their self-directed Webull Financial brokerage account. In addition to losses sustained, because the alleged wrongful liquidation of securities may be involved, this could leave our clients with a significant five-figure tax bill for short and long-term capital gains.

Through the course of our investigation, our broker fraud lawyers are finding that there may be other Webull Financial customers who are also victims of this Pump and Dump fraud.

In a pump and dump fraud, the price of a stock is artificially raised by a generated buying frenzy. Once the stock goes up high enough, the fraudsters will try to make money by dumping/selling their holdings at this higher price. This causes the share price to plummet, leaving investors who bought at the inflated price with huge losses.

How Can Our Broker-Dealer Negligence Lawyers Help?

Brokerage firms are supposed to have the necessary security measures in place to prevent third parties from entering customer accounts and defrauding them. If Webull failed to properly supervise client portfolios to enable someone at the firm or an outside party to come in and defraud investors, you may be able to file a FINRA lawsuit seeking damages for your losses.

Schedule Your Call Today:

Contact us today so we can help you assess the cause of your losses. We provide skilled securities representation to investors against broker-dealers in recouping their losses.

(800) 259-9010 or fill out this form.