The Soreide Law Group, (888) 760-6552, obtained the following summation of FINRA's report from FINRA’s website under “Disciplinary and Other FINRA Actions, February, 2014.”
Tracy Philander Holloway (CRD #5777595, Registered Representative, Winterville, North Carolina)
was barred by FINRA for allegedly opening an insurance agency and filing fraudulent claims under the policies held by his clients. Allegedly, he would issue a check from his company’s account payable to the client. Holloway would then deposit the check into his agency’s bank account and retained the proceeds amounting to a total of approximately $50,947.56.
An investigation began after a customer inquired about a claim that had been filed under his policy. Holloway, when confronted by the insurance company, admitted submitting the fraudulent claim, and submitting others and keeping the proceeds for himself.
(FINRA Case #2013035820601)
Tracy Philander Holloway was previously registered with the following FINRA firm(s):
STATE FARM VP MANAGEMENT CORP. (CRD# 43036) - BLOOMINGTON, IL
06/2010 - 02/2013
This ends the summation from FINRA's website.
If you have become victims of insurance fraud, contact an insurance fraud attorney for a free consultation on how to recover your investment losses at 888-760-6552.
Soreide Law Group, PLLC, represents Insurance Fraud Victims in Federal Court, State Court and before the Financial Industry Regulatory Authority (“FINRA”).
Soreide Law Group is investigating potential investor claims involving Cambridge Investment Research following a FINRA disciplinary action concerning Unit Investment Trust (UIT) recommendations. In April 2026, FINRA censured Cambridge Investment Research after finding supervisory deficiencies involving certain UIT recommendations made to retail clients. Investors who incurred excessive fees, unnecessary costs, or other damages associated with […]
Soreide Law Group is investigating potential investor claims involving Infinity Financial Services after FINRA sanctioned the firm for supervisory failures involving deferred variable annuity exchanges and recommendations. Investors who incurred surrender charges or other losses in connection with variable annuity transactions recommended through Infinity should review the allegations that led to FINRA's disciplinary action against […]
Soreide Law Group is investigating potential investor claims involving losses in NextGenTech Investments LLC, a private fund managed by Sestante Capital LLC that purported to provide investors with economic exposure to shares of private companies, including Anduril Industries. Recent criminal proceedings involving Sestante Capital's manager have raised significant concerns regarding the offering, the representations made […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com