FINRA arbitration

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.

Sigma Financial is Facing $4.5M in Possible Damages from Customer Claims Arbitration

Published on: June 22, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Recent Report to SEC Notes Four Pending Disputes Against Sigma Financial

InvestmentNews reports that according to Sigma Financial Corp.’s recent Focus Report to the Securities and Exchange Commission (SEC), the firm is contending with four pending Financial Industry Regulatory Authority (FINRA) arbitration claims from customers alleging damages of approximately $4.5M. The broker-dealer noted that it has put aside nearly $652K should these claims result in settlements or awards.

Our broker-dealer negligence lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) are representing clients who have suffered losses because of the negligence or fraudulent actions of a Sigma Financial broker. Call us at (800) 259-9010 today.

Coastal Equities To Pay $280K To Elderly and Retiree Clients Over Allegedly Unsuitable Trades

Published on: December 7, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Coastal Equities Has Been The Subject of $3M in Investor Arbitration Claims

Coastal Equities, a mid-sized broker-dealer, recently arrived at a settlement with the Financial Industry Regulatory Authority (FINRA) in which it agreed to give $280K in restitution to several customers. The firm is accused of failing to reasonably supervise one of its registered representatives, who recommended trades that were allegedly excessive and unsuitable. Those who were harmed were retirees and senior investors.

It was just last year that Coastal Equities said in its filing with the US Securities and Exchange Commission (SEC) that investors had submitted $3M in arbitration claims against the firm.

Customers Blame Newbridge Securities Broker Kerri Jamison For Investment Losses

Published on: July 10, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Dually Registered Rep. Faces Multiple FINRA Arbitration Claims by Investors

Kerri Suzanne Jamison, a Newbridge Securities Corp. and Newbridge Financial Services Group stockbroker, is currently the subject of pending complaints by customers who claim they lost money because of investment recommendations she made.

Jamison, who has worked under the names Kerri Lasegue and Kerri Romero, is one of several of the firm’s registered representatives to become the subject of stockbroker fraud claims in recent years. According to her BrokerCheck record, Jamison has been named in four customer disputes. One was settled, and three, which were filed this year, are still pending:

Frontier Communications Bonds Purchased From FMSBonds May Have Grounds for FINRA Arbitration Claim

Published on: April 23, 2020 | by Shepherd Smith Edwards & Kantas, LLP

FMSBonds May Not Have Apprised Frontier Communications Investors Of The Risks

If you purchased Frontier Communications bonds from FMSBonds, also known as First Miami Securities, or any other bonds that have turned out riskier than what was represented to you, please contact our broker fraud lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm) today.

Our investor law firm has been speaking to investors with complaints against the Florida-based municipal bond firm to help them determine whether they have grounds for a securities arbitration claims to recover their losses.

Las Pérdidas en las Inversiones durante el Coronavirus tiene a los Inversionistas Buscando Respuestas

Published on: March 31, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Si usted es como muchos americanos con inversiones, podría estar luchando con cómo manejar las pérdidas masivas que afectan su cartera mientras el novedoso coronavirus (COVID-19) continúa haciendo estragos en la economía, los mercados, la industria laboral y la vida de las personas. De lo que puede que usted no se haya percatado es que las pérdidas en sus inversiones también pueden ser el resultado de fraude o negligencia por parte de su corredor o asesor financiero, y es aquí en lo que los abogados de inversionistas de la firma de Shepherd Smith Edwards & Kantas (SSEK) pueden ayudarlo.

Nuestro bufete especializado en fraude en las inversiones representa inversionistas detallistas, inversionistas individuales con un patrimonio neto alto, e inversionistas institucionales a través de los Estados Unidos. Aun cuando nosotros, al igual que ustedes, nos adherimos a las nuevas directrices establecidas para prevenir la propagación del COVID-19, nuestros abogados y el resto de nuestro equipo se mantienen trabajando arduamente preparando, a nombre de nuestros clientes, reclamaciones de arbitraje ante la Autoridad Reguladora de la Industria Financiera (FINRA) en contra de corredores, asesores financieros, y sus firmas.

Aquí está lo que debe conocer sobre demandar a su corredor o asesor financiero

What To Know About Suing Your Broker or Investment Adviser For Fraud In FINRA Arbitration During COVID-19

Published on: March 31, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Investment Losses During the Coronavirus Has Investors Scrambling for Answers

If you are like many Americans with investments, you may be struggling to grapple with the massive losses affecting your portfolio as the novel coronavirus (COVID-19) continues to wreak havoc on the economy, the markets, the job industry, and people’s lives.

What you may not realize is that your investment losses may also be a result of broker fraud or negligence on your stockbroker or investment adviser’s part, which is where our investor attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm) can help you.

Experts Say: Expect More FINRA Arbitration Cases Following Coronavirus and Market Volatility

Published on: March 19, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Investment Losses During COVID-19 Pandemic May Have Been Caused By Fraud Or Negligence

According to experts, George Friedman and Rick Ryder, fears about the novel coronavirus (COVID-19) and the resulting market turbulence will lead to a rise in investor fraud claims and FINRA arbitration cases. Friedman is the Securities Arbitration Alert editor-in-chief and Ryder is the Securities Arbitration Commentator president and founder.

In a recent blog post, What’s Past is Prologue, they spoke about how customers will wonder whether their stockbrokers and investment advisors properly handled their accounts, which are now being negatively affected by the ongoing market volatility.