Articles Tagged with Broker Misconduct Law Firm

Should HJ Sims Have Exercised More Caution When Marketing and Selling Its Reg D Offerings To Customers? Our Broker Misconduct Law Firm Are Continuing Our Investigation Into Investor Losses

The Shepherd Smith Edwards and Kantas Broker Misconduct Law Firm (investorlawyers.com) are taking very seriously the number of alleged investor losses related to the Regulation D private placements sold by brokerage firm Herbert J. Sims (HJ Sims). For the last 10 years or so, this broker-dealer has sold more than 90 Reg D offerings valued at over $2B, purportedly whether or not these were suitable for customers given their respective investment profiles, risk tolerance levels, or financial goals.

84 of these HJ Sims private placements were sold exclusively by the firm’s brokers, who earned steep commissions in the process. Not only that but some of the issuers for these Reg D bonds may have been HJ Sims executives. If that is true, then these individuals made money both during the issuing process and when these alternative investments were purchased.