Articles Tagged with Broker Fraud Attorneys

Former Clients of Ex-Triad Advisors Broker James Walesa Are Seeking Many Millions in Financial Recovery. Broker Fraud Attorneys are involved in the Latest Investor Lawsuit Is Pursuing $34M in Damages

If you suffered losses while working with former Chicago financial advisor James Thaddeus Walesa, contact Shepherd Smith Edwards and Kantas ( today so that we can help you explore your legal options. Walesa, who was most recently an Arkadios Capital stockbroker (2019 – 2021) and before that, a Triad Advisors financial advisor for 18 years, has numerous customer disputes on his CRD. Many of them are still pending. This includes, most recently, a $34,000,000 FINRA lawsuit that InvestmentNews reports likely was filed against Triad, which was Walesa’s broker-dealer of record at the time that he worked with the claimant. The investor is alleging unsuitable investment recommendations and multiple conflicts of interest. Another investment loss recovery claim involving Walesa was recently settled for over $2M. A  different one, in which the damages sought was $790K, was settled for $4.5M.

Walesa worked 39 years in the securities industry. Now, he has former financial advisor clients accusing him of unsuitability, breach of contract, negligence, breach of fiduciary duty, due diligence failures, misrepresentations and omissions, and more involving alternative investments. These purportedly included real estate deals that he also owned or oversaw. If the latter is true then Walesa acted as both product sponsor and salesperson when selling those investments, which would have been a huge conflict of interest.

What Are The Legal Options For Latin American Investors Who Suffered Losses in Northstar Financial Services (Bermuda)?

Our Broker Fraud Attorneys Are Representing A Peruvian Retiree In Her Lawsuit Against Truist Investment Services

For Latin American investors who worked with a US-based brokerage firm, you don’t have to be an American citizen to sue for negligence. Currently, Shepherd Smith Edwards and Kantas ( are representing dozens of investors from Central and South America who suffered losses in Northstar Financial Services (Bermuda) because their US financial advisor allegedly unsuitably marketed and sold them annuities in this offshore company. Many of our clients wanted a safe, stable haven for their assets. Instead, they ended up losing significant sums of money in this obscure entity.

What Questions Should You Ask A Broker You Are Considering Working With?

Investing your money is always a risk, which is why many people turn to stockbrokers and investment advisers for help. They want experienced financial professionals to handle their funds properly and allocate their assets wisely.

While in an ideal world, every broker would only make suitable investment recommendations in line with each customer’s investing profile, risk tolerance level, and financial goals—as well as refrain from making misrepresentations and omissions, overconcentrating a client’s portfolio with too much of the same investment, or engaging in other forms of stockbroker negligence or fraud—every year, there are thousands of investors who end up losing money because of the wrongful, erroneous, or negligent actions of their financial advisors.

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