The Securities Lawyers at Halling & Cayo are investigating investment losses suffered by customers of Sheaff Brock, an investment advisory firm utilizing TD Ameritrade as its trading platform. Investment advisors like Sheaff Brock have a fiduciary duty to their clients to ensure that each investment decision they make is appropriate for and in the best interests of their clients.
Sheaff Brock has invested its clients in a series of options strategies that go by names such as Iron Condor Overlay, Put Income Overlay, and Index Spread Overlay. This kind of Options trading is typically only appropriate for a very small portion of investors that have extremely high risk tolerances and long term investing horizons.
The market has gained an average of more than 7% returns over the last 5 years and yet some investors, put into overly risking options trading strategies, despite promises of guaranteed returns, have lost significant sums. Halling & Cayo S.C. is researching bringing claims on behalf of individual(s) and/or a group of investors for recovery of their funds. Most customers will have signed a FINRA arbitration agreement to resolve disputes, including claims for reimbursement of these types of investment losses. As the SEC reminds investors, it can be important to find an attorney that “specializes in resolving securities complaints.”
If you were a customer of Sheaff Brock and suffered investment losses, please contact Attorney Sean M. Sweeney at 414-877-8502 or sms@hallingcayo.com.
Sean M. Sweeney is a shareholder at Halling and Cayo, a full service law firm in Milwaukee, WI and the head of its Securities Litigation team.
He represents individual and institutional investors in FINRA arbitration and court nationwide. He recovers investment losses from fraud or breach of duty from their broker-dealer.
Contact him at (414) 755-5020 or via e-mail at SMS@hallingcayo.com to see if he can help recover your funds.