CHARLES CALEB FACKRELL (CRD#: 5369665) 36 years-old, from Booneville, N.C., plead guilty in April to one count of fraud for operating a $1.4 million Ponzi scheme, was sentenced December 6, 2016, to 63 months in prison.  Fackrell faces three years of court supervision after his release from prison. He is required to pay $819,919 in […]

Soreide Law Group, based in South Florida, recently obtained the following information from FINRA’s website listed under, “Disciplinary and Other FINRA Actions, November, 2016.” DOUGLAS W. STUDER (CRD# 4440047 Ft. Lauderdale, Florida) Alternate Names: DOUG STUDER was recently barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Douglas […]

Soreide Law Group has been investigating claims by clients regarding the former Morgan Stanley broker; STEVEN M. WYATT (CRD# 2522129) Alternate Names: STEVE MARK WYATT During Wyatt’s five years with MORGAN STANLEY SMITH BARNEY of RIDGELAND, MS, his supervisors noted his problematic behavior and business patterns many times but failed to step in, according to […]

Soreide Law Group obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions, October 2016.” Caldwell International Securities Corporation (CRD #104323, Nassau, Bahamas), Greg Allen Caldwell (CRD #2816295, Austin, Texas) and Paul Joseph Jacobs (CRD #4658235, Austin, Texas) The firm was censured, fined $1,000,000, and required to pay $1,026,089.48 in restitution to […]

Former financial advisor, JOHN V. HEATH (CRD# 2331052), 45 years-old, from Edina, Minnesota, pleaded guilty this week to identity theft.  Heath admitted to cheating an elderly man out of more than $200,000. He agreed to a 41-month sentence, and will serve the first two-thirds in prison and the remainder on supervised release. According to the […]

The Florida-based, Soreide Law Group, obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions, September 2016.” ELLIOT HARRIS (CRD# 2496586), Delray Beach, Florida) was barred by FINRA for allegedly failing to provide FINRA with requested documents and information during the course of FINRA's investigation into allegations that he recommended unsuitable trades […]

The Florida-based Soreide Law Group obtained the following information on FINRA’s website under, “Disciplinary and Other FINRA Actions, August 2016.” Arthur Espinoza (CRD #1344849, Port Saint Lucie, Florida) was barred by FINRA due to allegations that he engaged in an outside business activity without disclosing this activity to his member firm. FINRA’s findings stated that […]

Soreide Law Group (888-760-6552) obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions, July 2016.” Miguel Angel Hernandez (CRD #4733002, El Paso, Texas) was barred by FINRA for allegedly obtaining $25,000 in cash from an elderly client under false pretenses and converted those funds for personal use. FINRA’s findings stated that […]

CLAUS C. FOERSTER (CRD# 1912949), a 55 year-old former financial adviser with Raymond James and Associates of Greenville, SC, pleaded guilty to five counts of wire fraud on May 10, 2016 before a U.S. District Court Judge in Greenville.  Foerster faces up to 10 years in prison and a fine of $250,000 for each of […]