Current Fraud Investigations

SIM Swap Schemes

Did you know that customers are losing millions of dollars in cryptocurrency as a result of SIM card swapping schemes? DKR is investigating claims against T-Mobile for failure to protect the security of their customers after a data breach has created an opportunity for hackers to swap SIM cards in mobile phones allowing access to private information and bank details. In one case a customer lost $8.7M in cryptocurrency. If you have lost funds as a result of a hack via your mobile phone, contact DKR today to explore your rights and options.

Oppenheimer Horizon Private Equity Ponzi Scheme

DKR is investigating potential claims against brokerage firm Oppenheimer & Co., Inc. on behalf of their customers who invested with Horizon Private Equity III. Allegations filed by the SEC state that former Oppenheimer broker John Woods and his investment advisory firm, Livingston Group Asset Management Company d/b/a Southport Capital ran Horizon as a massive Ponzi scheme for more than a decade, which resulted in losses for many customers.

FINRA Claims Against Stock Trading App Robinhood

DKR is looking into FINRA claims against the stock trading app Robinhood after The Financial Industry Regulatory Authority (FINRA) fined online stock-trading app Robinhood Financial $70 million for a series of failures that hurt Robinhood’s customers.

UBS Yield Enhancement Strategy Losses

National investor advocate law firm Dimond Kaplan & Rothstein, P.A. (DKR) continues to pursue FINRA arbitration claims against UBS Financial Services, Inc. (UBS) on behalf of investors who lost money in the UBS Yield Enhancement Strategy (YES) options strategy. UBS YES was inaccurately marketed as a low-risk options investment strategy to investors that has resulted in losses for many investors throughout the United States. As of this writing, YES investors have lost up to 33% since market volatility increased in December 2018 and continuing through March 2020. Total YES investor losses are expected be more than $1 billion. YES investors can file FINRA arbitration claims to recover their losses.

GPB Capital Holdings Causes Investor Losses

DKR is investigating a number of brokerage firms that recommended customers invest in GPB Capital Holdings’ high-risk, high-commission private placements. The investments, including two of GPB’s funds — GPB Automotive Portfolio and GPB Holdings II, have caused many investors to lose a significant amount of money after a series of events including the failure of GPB Capital Holdings to file required SEC reports in April 2018. Securities regulators have launched investigations into GPB Capital Holdings and brokerage firms’ sales of GPB’s private placements. GPB reportedly relied on numerous FINRA brokerage firms including Royal Alliance Associates, Sagepoint Financial and Woodbury Financial Services, to sell its funds. In exchange, the brokerages received high commissions. Investors who suffer losses from GPB Capital Holdings may have valid claims to recover those losses from the brokerage firms that sold the investments.

UBS Puerto Rico Bond Fund Losses

DKR represents more than 100 Puerto Rico residents who have lost a significant amount of money in UBS Puerto Rico closed-end bond funds. UBS PR recommended over-concentrated positions in the UBS PR funds and even recommended that some investors borrow money to buy these risky, leveraged funds or use the risky UBS PR funds as collateral for loans. Investors who suffered UBS Puerto Rico bond fund losses may be able to recover their losses through a FINRA arbitration proceeding. Please contact Dimond Kaplan & Rothstein, P.A. attorney Jeffrey B. Kaplan at (888) 578-6255. 

If you think you may have a case not reported in the above list, please contact Dimond Kaplan & Rothstein, P.A. at (888) 578-6255 for a FREE consultation to review your rights and options.