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Shepherd Smith Edwards & Kantas LLP Investigating Claims Involving Paul Leon White

MELVILLE, N.Y., Oct. 3, 2012 (GLOBE NEWSWIRE) -- The attorneys with the Securities Law Firm of Shepherd Smith Edwards & Kantas LLP, www.sseklaw.com, are investigating claims involving Paul Leon White. Paul White was a broker with Alternative Wealth Strategies, Inc., Heritage Financial Systems, Inc., and Halcyon Capital Markets, LLC before he was permanently barred from working in the industry in 2010. According to the Financial Industry Regulatory Authority (FINRA) in the disbarment action, Paul White repeatedly sold unsuitable securities to investors. Many of his violations involved the sale of Tenant in Common (TIC) interests as well as non-traded real estate investment trusts (REITs), although other securities were involved. According to FINRA, there was evidence of at least one instance where Paul White improperly refused to exercise a sale order for a customer, claiming that the customer was required to provide a signed statement from a professional stating that the customer had sufficient mental capacity to enter the order.

In total, FINRA determined that Paul White sold $3.7 million in interests in TICs to customers of his firm, while he collected over $1.6 million in commissions. Many investors have suffered significant losses as a result of the sale of inappropriate securities and other violations. If you have lost money with Paul Leon White, contact the law offices of Shepherd Smith Edwards & Kantas LLP for information about a potential claim to recover some or all of your losses.

Shepherd Smith Edwards & Kantas LLP has a team of attorneys, consultants and staff with more than 100 years of combined experience in the securities industry and in securities law. Since 1990, we have represented thousands of investors nationwide to recover losses. We have represented clients in Federal and state courts and in arbitration through the FINRA, the New York Stock Exchange Inc. (NYSE), the American Arbitration Association (AAA) and in private arbitration actions. Collectively, we have represented over 1,000 investors over the last 18 years in negotiation, mediation, arbitration and litigation.

CONTACT: 800-259-9010 Kris Kieta kkieta@sseklaw.com Sam Edwards sedwards@sseklaw.comSource: Shepherd Smith Edwards & Kantas