Shepherd Smith Edwards & Kantas LLP Investigating Claims Involving Robare & Jones Asset Managers

HOUSTON, Sept. 10, 2014 /PRNewswire/ -- Lawyers with the Securities Law Firm of SHEPHERD SMITH EDWARDS & KANTAS LLP, www.sseklaw.com, are investigating claims involving Robare & Jones Asset Managers ("Robare & Jones"), whose legal name is The Robare Group, Ltd.  Robare & Jones is a large investment advisor company, whose public filings indicate that they manage 2,400 accounts totaling approximately $150 million.  Moreover, Robare & Jones apparently manages all of these funds on a discretionary basis, meaning that clients do not have to be consulted before trades are made for their accounts.

Recently, the Securities and Exchange Commission filed a lawsuit against Robare & Jones, alleging that the company had engaged in a civil fraud against its clients.  Specifically, the SEC alleged that Robare & Jones entered into an arrangement where it was receiving a percentage of every dollar its clients invested in certain mutual funds.  This created a conflict of interest, where Robare & Jones had a vested interest in purchasing those funds over other securities which may have been more appropriate for clients.  According to the SEC, Robare & Jones generated roughly $440,000 in fees from this arrangement.  Nonetheless, the SEC claims that Robare & Jones did not properly disclose this conflict of interest to its clients.

People who currently or in the past have held brokerage accounts with Robare & Jones should carefully review their accounts to ensure that there were not problems.  Contact the law firm of Shepherd, Smith, Edwards & Kantas LLP for an evaluation of your account to determine if you might have a claim to attempt to recover some or all of your losses.  All communications will be kept strictly confidential, and you will not be billed in any way for a consultation. 

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. For more than two decades, our firm has represented thousands of investors nationwide to recover losses. We have represented clients in Federal and state courts and in arbitration through the Financial Industry Regulatory Authority (FINRA), the New York Stock Exchange Inc. (NYSE), the American Arbitration Association (AAA) and in private arbitration actions.

Contact Info: 866-377-2529

Kirk Smith [email protected]

Thomas Ruiz [email protected]

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SOURCE Shepherd Smith Edwards & Kantas LLP