KlaymanToskes Continues to Investigate Potential Claims on Behalf of Southport Capital and Oppenheimer Clients Regarding Ponzi Program Investment Losses
GREENSBORO, North Carolina, September 03, 2021– (COMMERCIAL THREAD) – National investor fraud law firm KlaymanToskes (“KT”) is continuing its investigation of potential securities claims on behalf of former and current clients of Oppenheimer & Co., Inc. (” Oppenheimer “) (NYSE: OPY) and Southport Capital which invested in Horizon Private Equity III (” Horizon “) through John Woods, former financial advisor to Oppenheimer.
Oppenheimer customers recently heard about the massive $ 100 million Ponzi scheme designed by former Oppenheimer’s registered representative, John Woods, through his consulting firm, Southport Capital. From 2008 to 2016, John Woods and his brother Jim reportedly solicited a significant number of Oppenheimer’s clients to invest in Horizon while the Woods were registered as brokers and investment advisers with the brokerage firm. August 25e, the director of the SEC’s Atlanta regional office said: “As alleged in the complaint, Woods and Southport took advantage of their clients’ fears of losing their hard-earned savings and convinced them to put millions of dollars in a Ponzi scheme by falsely promising them a safe. investment with stable returns. “
According to securities attorney Lawrence L. Klayman, Esq., “For years, Oppenheimer ignored red flag after red flag showing John Woods’ financial misconduct through Horizon and Southport Capital, and Woods’ activities are liable to prosecution as part of a securities claim in order to recover. “
The sole purpose of this release is to investigate potential claims relating to Oppenheimer’s surveillance woods and the Horizon Ponzi scheme. Oppenheimer is responsible for overseeing all activities of registered counselors, including “to sellPrivate Equity Transactions. Current and former clients of Southport Capital and Oppenheimer who have invested in Horizon and who have information relating to the management of their investments, are encouraged to contact Securities Lawyer Lawrence L. Klayman, Esq ., at (561) 542-5131, and download our Special report.
KT is a leading national securities law firm engaged exclusively in the field of securities arbitration and litigation on behalf of retail and institutional investors worldwide in securities matters. important and complex. KT has recovered more than $ 220 million for investors in FINRA arbitrations. KT has offices in California, Florida, New York, and Puerto Rico.
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Lawrence L. Klayman, Esq.