Bond Dealers

New Jersey GWG L Bond Loss Attorney

Published on: August 18, 2024 | by Shepherd Smith Edwards & Kantas, LLP

New Jersey Investor Files Six-Figure GWG L Bond Loss Lawsuit Against Newbridge Securities

Broker-Dealer Is Accused of Supervisory Failures, Breach of Fiduciary Duty, And More

Once again, Shepherd Smith Edwards and Kantas New Jersey GWG L Bond Loss Attorney Teams (investorlawyers.com) are representing a client in their investment loss recovery claim over losses they sustained in GWG L Bonds. The respondent, Newbridge Securities, is being sued for up to six-figures in damages.

GWG L Bond Recovery Lawyers

Published on: August 12, 2024 | by Shepherd Smith Edwards & Kantas, LLP

New Jersey Investor Files Six-Figure GWG L Bond Loss Lawsuit Against Newbridge Securities

Broker-Dealer Is Accused of Supervisory Failures, Breach of Fiduciary Duty, And More

Once again, Shepherd Smith Edwards and Kantas GWG L Bond Recovery Lawyers (investorlawyers.com) is representing a client in their investment loss recovery claim over losses they sustained in GWG L Bonds. The respondent, Newbridge Securities, is being sued for up to six figures in damages.

Bond Loss Recovery Lawyers

Published on: March 4, 2024 | by Shepherd Smith Edwards & Kantas, LLP

GWG Wind Down Trust Report Confirms That Filing A FINRA Lawsuit Is L Bond Investors’ Best Chance For Financial Recovery. Our GWG L Bond Loss Recovery Lawyers Are Representing Claimants In Suing Their Brokers

On February 15, the GWG Wind Down Trust report submitted a status report with the US Bankruptcy Court for the Southern District of Texas for the quarter that concluded on December 31, 2023.

While the Trust was able to generate money through a sale of certain tangible assets and its life insurance policy portfolio, it noted that it is finding it challenging to sell its shares in Beneficient, which last week closed at $0.2561/share—a significant drop from the original $15/share price.

GWG L Bond loss lawyers

Published on: July 17, 2023 | by Shepherd Smith Edwards & Kantas, LLP

For GWG L Bond Investors, Filing A Broker Fraud Lawsuit May Be a Chance For Financial Recovery

Bankruptcy Court Approves GWG Holdings Plan which provides Minimal Hope for Investors.

More than a year after GWG Holdings filed for bankruptcy, its plan has been accepted by the US bankruptcy court in Houston and confirmed by voting bondholders. While this is a positive, forward movement for the bankruptcy proceedings, it is still not the best way for investors to recoup their losses.

Seasoned GWG L Bond Investor Loss Attorneys

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

Seasoned GWG L Bond Investor Loss Attorneys

Filing Your Own Individual FINRA Lawsuit Maximizes Your Chances for Full Financial Recovery

Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing investors who have suffered serious losses in GWG L Bonds against their broker-dealers. Unfortunately, a slew of regional brokerage firms appear to have unsuitably sold these life settlement-backed bonds to customers, including many retail investors and retirees, in what is now being called an alleged “classic” Ponzi scam. Visit GWG Holdings, Inc. for more information.

How Can A Seasoned Bond Fraud Losses Law Firm Help You?

Published on: October 13, 2022 | by Shepherd Smith Edwards & Kantas, LLP

What Should You Do If You Are A GK Investment Holdings 7% Bond Investor?

JCC Advisors and Other Broker-Dealers May Have Unsuitably Sold This Investment To Customers

Earlier this year, GK Investment Holdings, LLC (GKIH) sent a letter to investors warning that if 90% of them failed to trade in their current 7% Bonds with “new bonds,” which would extend the bonds’ maturity date, the old bonds would likely go into default. This could delay the repayment of bondholders’ principal or render the company unable to pay back their principal at all. GKIH cautioned that it could end up having to file for bankruptcy even. All of these possible outcomes are highly concerning for investors given that they could stand to lose money.

Nine Energy Service Investors May Have Grounds for Bond Fraud Claims to Recover Losses

Published on: June 16, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Nine Energy Service Bonds Expected to Deteriorate Further

Nine Energy Service, Inc. (NINE) recently announced that the New York Stock Exchange (NYSE) found that the oilfield services company was once more in compliance with the stock exchange’s continued listing standard.

The news comes less than two months after the NYSE notified the Houston-based company of its noncompliance with this standard after its common stock’s share price dropped to under $1/share over 30 trading days in a row. The $1/share price is the minimum closing price per share allowed for a stock to stay on the NYSE.

Nomura Settles Two MBS Fraud Cases for $25M

Published on: July 22, 2019 | by Shepherd Smith Edwards & Kantas, LLP

In two mortgage-backed securities settlements reached with the US Securities and Exchange Commission (SEC), Nomura Securities International will collectively pay customers about $25M. The enforcement actions involve residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS), respectively.

According to the SEC, Nomura failed to properly supervise its bond traders, who are accused of making statements that were false and misleading to customers by trying to get them to buy RMBS and CMBS. This purportedly included providing misleading information about:

- How much Nomura had paid for the securities.

SEC Chairman Mary Jo White Wants Reforms Made to Bond Market

Published on: June 23, 2014 | by Shepherd Smith Edwards & Kantas, LLP

U.S. Securities and Exchange Commission Chairman Mary Jo White wants significant reforms made to the bond market. Speaking at the Economic Club of New York, White spoke about how trading in these fixed income markets are “highly decentralized.”

She expressed concern that technology was being used in these markets to make this decentralized approach to trading more beneficial for market intermediaries.

According to Reuters, White’s speech is a sign that the SEC is at last making an effort to implement recommendations it made in 2012 about the $3.7 million municipal securities market. The regulator is launching an initiative that would mandate that alternative trading systems and other electronic dealer networks make available to the public their best prices for municipal bonds and corporate bonds. This should give smaller retail investors, and not just certain select parties, pre-trading price data.

Morgan Keegan Again Ordered by Arbitrators to Pay Bond Fund Losses to Investors

Published on: October 27, 2009 | by Shepherd Smith Edwards & Kantas, LLP

Morgan Keegan & Co. has been ordered to pay $51,000 to Larry and Diane Papasan. Larry Papasan is Memphis Light, Gas and Water Division’s former president.

The Papasans filed their arbitration claim against Morgan Keegan last year after they lost about $80,000 in the account they had with the investment firm. The Papasans’ claim is one of many arbitration cases and securities fraud lawsuits filed by Morgan Keegan investors who sustained RMK fund losses. The general accusation is that the broker-dealer misrepresented the volatility of the bond funds, which they allegedly were not managing conservatively.

Larry Papasan, who is retired, opened his account because he knew John Wilfong, a former Morgan Keegan financial adviser. Wilfong felt so confident about the bond funds that he even sold them to his mother, Joyce Wilfong, who also went on to suffer financial losses from her investment. Her friend Maxine Street also suffered bond fund losses.

The two women filed a joint arbitration claim against Morgan Keegan. Joyce was awarded $68,000, while Street settled for an undisclosed sum.

According to the Papasans, John Wilfong spoke with Jim Kelsoe, the RMK funds’ manager, prior to leaving Morgan Keegan for UBS. Kelsoe allegedly told Wilfong not to liquidate because the funds were safe. The Morgan Keegan fund manager is named in other cases for allegedly failing to disclose the risks associated with the mutual fund investments.

Related Web Resources:
Latest RMK Award Goes to Ex- MLGW Head, Memphis Daily News, October 27, 2009
Two Morgan Keegan Funds Crash and Burn, Kiplinger, December 2007 Continue Reading ›