SEC News
- SEC Charges Chicago-Area Father and Son Conducted Cherry-Picking Scheme at Investment Firm May 16, 2013FOR IMMEDIATE RELEASE2013-90 Washington, D.C., May 16, 2013 — The Securities and Exchange Commission today charged a father and son and their Chicago-area investment advisory firm with defrauding clients through a cherry-picking scheme that garnered them nearly $2 million in illicit profits, which they spent on luxury homes, vehicles, and vacations. Addition […]
- SEC Names Keith F. Higgins as Director of Division of Corporation Finance May 15, 2013FOR IMMEDIATE RELEASE2013-89 Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today named Keith F. Higgins as the new director of the agency’s Division of Corporation Finance. Mr. Higgins comes to the SEC from the law firm of Ropes & Gray LLP where he is a partner in its Boston office with 30 years of experience advising public com […]
- SEC Names Lona Nallengara as Chief of Staff May 15, 2013FOR IMMEDIATE RELEASE2013-88 Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today announced that Lona Nallengara has been named the agency’s chief of staff. Mr. Nallengara came to the SEC in March 2011 and served as deputy director for legal and regulatory policy in the Division of Corporation Finance until he was appointed in Decemb […]
- SEC Charges China-Based Executives in Scheme to Overstate Revenues and Divert Money for Personal Use May 15, 2013FOR IMMEDIATE RELEASE2013-87 Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today charged husband-and-wife executives at a China-based company with engaging in a scheme to overstate the company’s revenues and divert proceeds from a securities offering for their personal use. Additional Materials SEC Complaint The SEC alleges that RIN […]
- SEC, FINRA Issue Investor Alert On Pension or Settlement Income Streams May 9, 2013FOR IMMEDIATE RELEASE2013-86 Washington, D.C., May 9, 2013 — The Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) today issued an investor alert entitled Pension or Settlement Income Streams – What You Need to Know Before Buying or Selling Them. The investor alert informs investors about the risks involved when selli […]
TAG | breach of contract by stock broker
7
ROCKWELL GLOBAL CAPITAL, BRUCE GUARINO, AND PETER FERRARA WERE ORDERED TO PAY BACK TO A DEFRAUDED SIMPLY FIT INVESTOR 100% OF THEIR INVESTMENT LOSSES
Comments off · Posted by Securities Lawyer in FINRA
On September 7, 2012, Rockwell Global Capital, Bruce Guarino, and Peter Ferrara, were found liable for sales practice violations in connection with the sale of Simply Fit to a private customer.
The customer brought an arbitration through the Financial Industry Regulatory Authority (“FINRA”) where he alleged: Fraud, Breach of Contract, Negligence, Negligent Supervision and Breach of Fiduciary Duty. The Respondents, Rockwell, Guarino and Ferrara, filed a counter claim against their former customer which was denied, and they were all ordered to pay jointly 100% of the customer’s investment losses back to the defrauded investor.
Lars Soreide, Esq., of Soreide Law Group, PLLC, represented the winning Claimant, and the losing Respondents were represented by Gusrae Kaplan Nusbaum, PLLC, located in New York City.
Soreide Law Group currently represents 19 other Rockwell investors in FINRA arbitrations, who also purchased Simply Fit, that are currently still pending. The published award specifically denies expunging of this arbitration from the CRD records of Bruce Guarino and Peter Anthony Ferrara.
Securities Lawyer, Lars K. Soreide, of Soreide Law Group, PLLC, represents clients nationwide. Call to speak to an attorney regarding your investment losses. For a free consultation on how to potentially recover those losses call: 888-760-6552, or you may visit our website at: http://www.securitieslawyer.com.
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FINRA Arbitration Filed Against Douglas A. Leone and Newport Coast Securities
Comments off · Posted by Securities Lawyer in FINRA
breach of contract by stock broker · broker churning accounts · brokerage supervisory deficiencies · deceit on investors · Douglas A Leone · Douglas Leone FINRA arbitration · douglas leone irvine ca · excessive commission · excessive trading · Financial Industry Regulatory Authority · FINRA · FINRA arbitration · finra lawyer · finra securities arbitration · Ft. Lauderdale Securities Lawyer · inadequate supervisory procedures by broker/dealers · Lars K. Soreide Soreide Law Group · misrepresentation by broker · Newport Coast Securities · stock broker fraud · Stock fraud lawyer · unauthorized fraudulent trading
