Broker-Dealer Negligence Attorneys Tag Archives

Broker-Dealer Negligence Attorneys

Published on: October 5, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Investor Alert! Andrew Jacobus Alleged $200 Million Ponzi Scheme

Are you a victim of Andrew Jacobus and his alleged Ponzi scheme? Shepherd Smith Edwards & Kantas Broker-Dealer Negligence Attorneys are Representing Investors Against those who facilitated this scheme, including suing Interactive Brokers

If you invested money with former Florida registered investment adviser Andrew Jacobus (Jacobus) of FINSER Asset Management and FINSER International Corporation or invested through one of Jacobus’ other enterprises, such as Kronus Financial or the Corfiser SIMI Fund B.V., you may be able to pursue damages against those who allegedly facilitated his fraud. For example, many investors held accounts with Jacobus through firms like Interactive Brokers LLC (Interactive Brokers) and Charles Schwab & Company, Inc. (Schwab). Our investigation has uncovered that those broker-dealers unwittingly enabled Jacobus to target his victims and allegedly steal almost all of the funds left in safekeeping with those firms.

Overconcentration Attorneys

Published on: June 19, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Portfolio Losses Because Of A Failure To Diversify?

Our Skilled Overconcentration Attorneys Help Investors Pursue Financial Recovery

Financial advisors should know the importance of properly allocating an investor’s funds among different kinds of financial products, asset classes, or market sectors. Seeing as all investments come with some risk, proper diversification increases protection from serious losses because should one investment plunge in value, the hope is that the returns generated by the other financial products in the portfolio can help offset the overall impact on an investor’s money. In other words, to use a popular phrase, “Don’t put all of your eggs in one basket.”

Broker-Dealer Negligence Attorneys

Published on: June 1, 2023 | by Shepherd Smith Edwards & Kantas, LLP

When Retirees Are Targeted By Brokers in Ponzi Scams

Oppenheimer Must Pay Almost $14M Related to A$110M Scheme Run By Former Financial Advisor John Woods

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Oppenheimer & Co. to pay five Florida retirees and two trusts nearly $14M in losses they sustained in the $110M Horizon Private Equity III Ponzi scam run by its former Atlanta broker John J. Woods. The investors in this case, mostly ex-Delta Air Lines pilots and Air Force veterans, relied on the ongoing dividends from the Fund to support themselves and were devastated to discover that their investments were, in fact, worthless. The claimants contend that Woods had guaranteed high returns while claiming that their principal would stay safe.