FINRA arbitration

What Can Investors Expect During the FINRA Arbitration Process

Published on: December 30, 2022 | by Shepherd Smith Edwards & Kantas, LLP

The FINRA Arbitration Process

You’ve spoken with an experienced FINRA arbitration law firm that has determined your investor losses are due in part because of broker misconduct or negligence. You’ve decided to retain the services of skilled securities arbitration lawyers to help you sue your broker-dealer and maybe even their financial advisor for damages.

Like many investors, you may not be familiar with the FINRA arbitration process and want to know more about it and what to expect.

Why GWG L Bond Investors Should Contact An Experienced FINRA Arbitration Lawyer

Published on: October 6, 2022 | by Shepherd Smith Edwards & Kantas, LLP

The Importance of Filing Your Own FINRA Arbitration Case

If you are an investor who has suffered losses in GWG L Bonds, you are likely trying to determine what to do next. Just because GWG Holdings has filed for bankruptcy protection doesn’t mean you stand to recover anything from these proceedings. This is why it is so important that you speak with a seasoned FINRA arbitration law firm so that we can help you explore your legal options with you.

Already, our FINRA arbitration attorneys at Shepherd Smith Edwards and Kantas (investorlawyers.com) are representing many investors who suffered losses because their broker-dealers unsuitably recommended GWG L Bonds to them. These junk bonds were always too high-risk for retail customers and retirees. Yet these two types of investors are among the ones now needing to recover damages.

What Should Investors Know About The FINRA Arbitration Process?

Published on: September 14, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd, Smith, Edwards, and Kantas Has Been Fighting For Investors for Over 30 Years

If you are an investor looking to pursue financial recovery for your investment losses caused by unsuitable investment recommendations, misrepresentations and omissions, unauthorized trading, or other grounds, there is a very good chance that you signed an agreement with your broker-dealer in which you both consented to resolve any disputes through the Financial Industry Regulatory Authority (FINRA) arbitration process. You may not have realized this at the time, but with that agreement, you essentially gave up your right to sue your brokerage firm and their financial advisor in court.

This is where Shepherd, Smith, Edwards, and Kantas’ securities lawyers (investorlawyers.com) can help. Our skilled FINRA lawyers have been fighting for investors for years and this includes representing our clients before panels of arbitrators all over the United States.

Ingram Financial Group’s Donna Seymour in Winter Haven Accused of Unsuitably Selling GWG L Bonds To Florida Retirees

Published on: August 2, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Claimants File FINRA Arbitration Claim Against Centaurus Financial

A Florida couple who suffered losses in GWG Holdings L bonds has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Centaurus Financial. In the claim, they are seeking up to six figures in damages for their losses. The investors are retirees and worked with Centaurus broker Donna Maria Seymour, who presents herself as part of IngramFinancial Group in Winter Haven, FL.

The claimants say that they made it clear from the start that they needed to make conservative investments because they were no longer working, had a family history of health issues, and wanted to preserve their finances to support themselves. Instead, Seymour allegedly recommended that they invest in L Bonds, which are risky, speculative, and illiquid.

Shomir Mukherjee, Western International Securities Broker in Los Angeles Allegedly Concentrated GWG L Bonds & Non-Traded REITs

Published on: July 6, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Texas Retiree Files Six-Figure FINRA Arbitration Claim Over Her Investment Losses

An Austin, TX investor has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Western International Securities, Inc. The investor sustained losses in GWG Holdings L Bonds and the following non-traded real estate investment trusts (non-traded REITs):

Griffin Realty Trust Class E

Ex-Parkland Securities Broker Keith Ashley, Who Is Accused of Murder, Faces FINRA Charges

Published on: December 21, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Ex-Texas Financial Advisor Allegedly Killed An Investor While Operating a Ponzi Scam

Keith Todd Ashley, who was fired by Parkland Securities in October 2020 and is charged with murder, is now also facing Financial Industry Regulatory Authority (FINRA) charges.

FINRA filed its complaint in December 2021 and is alleging that Ashley took part in undisclosed business activities, misappropriation, and engaged in private securities transactions from February through October 2020. During this entire time, Ashley was a registered representative with Parkland Securities.

SSEK Law Firm Client of Fired J.P. Morgan Securities Broker Ed Turley Wins $4 Million FINRA Arbitration Award

Published on: December 13, 2021 | by Shepherd Smith Edwards & Kantas, LLP

SSEK Law Firm Represented Client of Fired J.P. Morgan Securities Broker, Ed Turley, and Wins $4 Million FINRA Arbitration Award

A Financial Industry Regulatory Authority (FINRA) arbitration panel in Houston, Texas has awarded a client of Shepherd, Smith, Edwards & Kantas (SSEK Law Firm at investorlawyers.com) $4 million in compensatory damages over losses she sustained while working with ex-J.P. Morgan Securities stockbroker, Edward Turley.

Not only did this ex-San Francisco-based financial advisor unsuitably invest her in products that were too risky, but he and the firm also used a complex strategy that involved borrowing on margin without her knowledge. Tragically, the client lost millions of dollars while Ed Turley and J.P. Morgan profited significantly from her account.

SSEK Law Firm Files FINRA Arbitration Claims Against J.P. Morgan For Customers of Fired Broker Ed Turley

Published on: September 28, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Former San Francisco Financial Advisor Costs Investors Over $62 million

Our FINRA arbitration lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) are continuing to investigate investors’ claims of losses sustained while working with ex-J.P. Morgan Securities LLC broker, Edward Lawrence Turley.

Already, SSEK Law Firm has filed a number of FINRA arbitration cases on behalf of customers requesting damages from Turley’s former broker-dealer. To date, investors who worked with Turley have filed FINRA claims alleging more than $62 million in losses.

GPB Capital Sells Prime Automotive Group Dealerships for $880M

Published on: September 16, 2021 | by Shepherd Smith Edwards & Kantas, LLP

GPB Sells Remaining Prime Automotive Group Dealerships to Group 1 Automotive

According to a regulatory filing submitted on September 13th, 2021, the private equity firm is selling all of its Prime Automotive car dealerships to Group 1 Automotive Inc. for $880M. The sale includes GPB Automotive Portfolio’s remaining 30 stores and three collision repair shops.

GPB Auto is one of the alternative asset firm’s largest funds, and it has been selling car dealerships since at least 2018 when it owned 52 of them. It is one of the largest GPB funds and has reported huge losses.

Former LPL Financial Broker Kevin McCallum Facing Over $4.8M in FINRA Arbitration Claims

Published on: August 24, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Glacier Point Advisors Managing Partner is Ordered to Pay Customers More Than $1.2M in Restitution

Kevin Marshall McCallum, a former LPL Financial stockbroker and the Managing Partner of Glacier Point Advisors has been suspended by the Financial Industry Regulatory Authority (FINRA) for a year.

McCallum is ordered to pay over $1.2M, along with interest, in deferred restitution to customers. He is currently facing more than $4.8M in FINRA arbitration claims from investors for their losses.