Browse Investment Loss News Related to Brokers, Advisors, and Firms
Our primary blog addresses a wide spectrum of investor-related issues; this section focuses specifically on investment losses tied to brokers, advisors, and financial firms.
J.P. Morgan Securities Sanctioned by FINRA Over Supervision of Leveraged and Concentrated Trading Strategy
Sonn Law is investigating potential investor claims involving J.P. Morgan [...]
Great Point Capital Sanctioned by FINRA Over Private Placement Communications and Supervision
Sonn Law is reviewing potential investor claims involving Great Point Capital LLC following FINRA disclosures concerning private placement communications, supervision, and alleged misleading statements to retail customers.
Daniel Becraft Investor Investigation: Morgan Stanley Broker Faces $2 Million Complaint Over Unsuitable Options Trading Strategy
A reported investor complaint involving Morgan Stanley advisor Daniel Becraft alleges substantial losses tied to an options trading strategy and seeks approximately $2 million in damages.
Michael Kupferman Investor Investigation: Landolt Securities Broker Faces $800,000 Customer Complaint Over GWG L Bond Losses
Investors who suffered losses in GWG L Bonds may have recovery options. Reported complaints involving Michael Kupferman and Landolt Securities raise allegations concerning suitability and risk disclosures.
David Kangas Investor Investigation: WealthForge Securities Broker Faces Customer Complaints Involving 1031 Exchange and DST Investments
Multiple reported complaints involving David Kangas and WealthForge Securities allege investor losses connected to Delaware Statutory Trust investments and 1031 exchange strategies.
Adam Stern Investor Investigation: Customer Complaint Seeks Over $10 Million For Private Placement and Micro-Cap Losses
A reported investor complaint involving Adam Stern, formerly associated with Aegis Capital Corp. and ThinkEquity LLC, seeks more than $10 million in damages tied to private placements and micro-cap securities investments.
Greg Lindberg Sentenced to 12 Years in $2B Insurance Fraud Scheme: What Owed Policyholders and Investors Must Do Next
Greg Lindberg, founder of Eli Global and owner of Global Bankers Insurance Group, was sentenced to 12 years in federal prison in a $2B insurance fraud, money laundering, and bribery case. The DOJ says thousands of policyholders and other victims remain collectively owed more than $1B.
Federal Prosecutors Seek to Seize Luxury Homes and Vehicles in Goliath Ventures Ponzi Scheme Case
Federal prosecutors are seeking to seize seven properties and eleven vehicles allegedly purchased with proceeds from the Goliath Ventures scheme. The latest DOJ filing alleges at least $400 million was obtained from more than 1,000 investors and highlights the importance of asset tracing, forfeiture, and civil recovery litigation.
Former Financial Advisor Edwin Emmett Lickiss Jr. Pleads Guilty in $9.5 Million Ponzi Scheme
Former financial advisor Edwin Emmett Lickiss Jr., whose former firm Foundation Financial Group was allegedly used on fraudulent promissory notes, pleaded guilty in a $9.5 million Ponzi scheme involving fake bond investments and more than 93 investors.
