{"id":21661,"date":"2022-03-03T09:27:00","date_gmt":"2022-03-03T15:27:00","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=21661"},"modified":"2022-03-03T09:27:00","modified_gmt":"2022-03-03T15:27:00","slug":"purshe-kaplan-sterling-investments-etf-losses","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/purshe-kaplan-sterling-investments-etf-losses\/","title":{"rendered":"Massachusetts Charges Purshe Kaplan Sterling Investments Over Investors&#8217; $2.3M in ETF Losses"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Brokers Allegedly Involved Were Also Harvest Group Wealth Management Investment Advisers\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Massachusetts Secretary of the Commonwealth William Galvin has filed a complaint against Purshe Kaplan Sterling Investments (PKS Investments), accusing the broker-dealer of failing to supervise its financial advisors. These advisors who were dually registered through another financial firm allegedly sold <\/span><a href=\"https:\/\/www.investorlawyers.com\/exchange-traded-funds.html\"><span style=\"font-weight: 400;\">exchange-traded funds (ETFs)<\/span><\/a><span style=\"font-weight: 400;\"> that were unsuitable for customers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This other firm was Waltham-based investment advisor Harvest Group Wealth Management. As a result, the state securities regulator contends that investors suffered $2.3M in losses.<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/purshe-kaplan-sterling-investments-etf-losses\/\"  title=\"Continue Reading Massachusetts Charges Purshe Kaplan Sterling Investments Over Investors&#8217; $2.3M in ETF Losses\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Brokers Allegedly Involved Were Also Harvest Group Wealth Management Investment Advisers\u00a0 Massachusetts Secretary of the Commonwealth William Galvin has filed a complaint against Purshe Kaplan Sterling Investments (PKS Investments), accusing the broker-dealer of failing to supervise its financial advisors. These advisors who were dually registered through another financial firm allegedly sold exchange-traded funds (ETFs) that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":21662,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4023,4545],"tags":[4417,4702,4701],"class_list":["post-21661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-traded-funds","category-purshe-kaplan","tag-etf-losses","tag-proshares-ultra-qqq","tag-proshares-ultra-sp-500"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Purshe Kaplan Sterling Investments Caused $2.3M in ETF Losses<\/title>\n<meta name=\"description\" content=\"Purshe Kaplan Sterling Investments have allegedly caused investors to lose over $2.3M in unsuitable leveraged ETFs. 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Learn more","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/03\/bonnie-kittle-2ERdMv4LGm8-unsplash-2.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/purshe-kaplan-sterling-investments-etf-losses\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/purshe-kaplan-sterling-investments-etf-losses\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Massachusetts Charges Purshe Kaplan Sterling Investments Over Investors&#8217; $2.3M in ETF Losses","datePublished":"2022-03-03T15:27:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/purshe-kaplan-sterling-investments-etf-losses\/"},"wordCount":505,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/purshe-kaplan-sterling-investments-etf-losses\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/03\/bonnie-kittle-2ERdMv4LGm8-unsplash-2.jpg","keywords":["ETF losses","ProShares Ultra QQQ","ProShares Ultra S&amp;P 500"],"articleSection":["Exchange Traded Funds","Purshe Kaplan"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/purshe-kaplan-sterling-investments-etf-losses\/","url":"https:\/\/www.investorlawyers.com\/blog\/purshe-kaplan-sterling-investments-etf-losses\/","name":"Purshe Kaplan Sterling Investments Caused $2.3M in ETF Losses","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/purshe-kaplan-sterling-investments-etf-losses\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/purshe-kaplan-sterling-investments-etf-losses\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/03\/bonnie-kittle-2ERdMv4LGm8-unsplash-2.jpg","datePublished":"2022-03-03T15:27:00+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Purshe Kaplan Sterling Investments have allegedly caused investors to lose over $2.3M in unsuitable leveraged ETFs. 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