Articles from KlaymanToskes

KlaymanToskes reports that Icahn Enterprises (NASDAQIEP) share prices have fallen dramatically, following the company’s 40% drop and plunge to a 52-week low earlier this month. The crash came after Hindenburg Research published a report which alleged Icahn Enterprises, led by Carl Icahn, has “Ponzi-like economic structures.”

National securities attorneys KlaymanToskes encourages customers of Daniel Todd Lerner of David Lerner Associates, Inc. to contact the firm immediately at 888-997-9956.

National investment fraud lawyers KlaymanToskes announce that FINRA barred the Beverly Hills based broker Antoine Nabih Souma for violating FINRA Rules. On February 21, 2023, Souma entered into a settlement with FINRA known as a Letter of Acceptance, Waiver, and Consent (“AWC”) after he failed to provide documents and information for FINRA’s 2021 investigation of an Insigneo Securities’ branch office and the ongoing $2 million arbitration claim filed against Souma by KlaymanToskes last August.

The $2 million lawsuit pending against financial advisor Antoine Souma of Galliott Capital Advisors will continue after his untimely Motion failed to have the case dismissed on October 20, 2022. Yet, on November 7, 2022, financial advisor Antoine Souma of Galliott Capital Advisors misled the public with a Press Release that failed to mention his untimely Motion to Dismiss filed in FINRA arbitration case 22-01786 would not be considered and he must answer the complaint which he has yet to do.

National investment fraud lawyers KlaymanToskes is continuing to investigate FINRA arbitration claims on behalf of GWG Holdings’ L bonds investors in light of the Company’s Chapter 11 bankruptcy filing in April 2022. GWG Holdings, Inc. (NASDAQGWGH) has approximately $2 billion of debt, and the Company’s bankruptcy filings identified over 25,000 individual bond holders, exclusive of the thousands of holders of the debtor’s publicly held common equity and preferred equity holders.

National investment fraud lawyers KlaymanToskes continues to investigate potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $100,000 in Northstar Financial Services (Bermuda) purchased through full-service brokerage firms, including Truist Investment Services (NYSETFC). Northstar was a Segregated Accounts Company regulated by the Bermuda Monetary Authority, and touted its fixed and variable annuity products as offering segregated account protection, generous liquidity terms and a variety of commitment periods, as well as the benefits of a Bermuda trust structure.

National investment fraud lawyers KlaymanToskes is continuing to investigate full-service brokerage firm sales practice violations of Financial Industry Regulatory Authority (“FINRA”) rules and regulations related to recommended investments in Franklin Square Energy & Power Fund.

National investment fraud lawyers KlaymanToskes expresses its approval of the Financial Industry Regulatory Authority’s (“FINRA”) decision to audit its dispute resolution forum’s arbitration selection process. The independently performed audit will examine how FINRA’s Dispute Resolution Services complied with its own rules, policies, and procedures, and the self-regulatory organization intends to make the audit results public once the process is complete.

National investment fraud lawyers KlaymanToskes notifies NBA, MLB, and other professional athletes to protect themselves against securities fraud in light of the ongoing fraudulent schemes impacting athletes today.

National investment fraud lawyers KlaymanToskes express their support for the Financial Industry Regulatory Authority’s (“FINRA”) arbitration forum. On January 25, 2022, a judge in Georgia state court issued an Order overturning an arbitration award in favor of Wells Fargo which held that the firm and its counsel “manipulated” the arbitrator selection process. While we believe that the alleged conduct is both inappropriate and shocking and must be addressed, absent this misconduct, we continue to believe that FINRA arbitration remains the most equitable forum for investors.

National investment fraud lawyers KlaymanToskes (“KT”) continues to investigate on behalf of investors who sustained losses in excess of $100,000 from the January 2021 trading restrictions imposed by Robinhood Financial, LLC (NASDAQHOOD). This is in light of the recent FINRA arbitration award, rendering Robinhood liable. If you were unable to place a sell order or to close your position due to Robinhood’s January 2021 platform failures, please contact us here.

National investor fraud law firm, KlaymanToskes (“KT”), advises former and current customers of United Planners Financial Services who invested in GPB Capital Holdings to explore their legal options in light of the ongoing Securities & Exchange Commission (“SEC”) action against GPB Capital. KT strongly encourages investors who purchased GPB Capital through United Planners to consider filing a securities arbitration claim with the Financial Industry Regulatory Authority (“FINRA”) as an additional means to recovering investment losses.

National investor fraud law firm, KlaymanToskes (“KT”), continues its investigation into potential securities claims on behalf of former and current Oppenheimer & Co., Inc. (“Oppenheimer”) (NYSEOPY) and Southport Capital customers who invested in Horizon Private Equity III (“Horizon”) through John Woods, a former Oppenheimer financial advisor.

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation of potential FINRA arbitration claims on behalf of former and current Oppenheimer & Co., Inc. (“Oppenheimer”) (NYSEOPY) customers who invested in the alleged Horizon Private Equity III (“Horizon”) Ponzi scheme.

KlaymanToskes ("KT"), a national securities law firm, continues to investigate the sales practices of former Merrill Lynch and current RBC Capital Markets broker, Joseph Ijong Chu (“Chu”), concerning his handling of discretionary accounts and concentration in Energy sector securities. The concentrated investments include California Resources Corporation (NYSECRC), Denbury Resources, Inc. NYSE: DENNYSEDEN)(NYSE: WLLNYSEWLL. These companies declared Chapter 11 bankruptcy in 2020, and have since restructured.

KlaymanToskes ("KT") announces an investigation on behalf of investors who sustained losses in excess of $100,000 from the inappropriate options trading approval from Robinhood Financial LLC (“Robinhood”). On June 30, 2021, the Financial Industry Regulatory Authority (“FINRA”) disclosed that Robinhood agreed to a Letter of Acceptance, Waiver and Consent relating, in part, to inappropriately approving customers for options trading.