The Pompano Beach, Florida-based, Soreide Law Group obtained the following information from FINRA’s website: Mark Robert Holcombe (CRD #2901441, Pompano Beach, Florida) was assessed a deferred fine of $10,000 and suspended by FINRA for nine months for allegedly participating in two separate private securities transactions involving a company for which he served as the chairman […]

Soreide Law Group (888-760-6552) obtained the following from FINRA’s website under, “Disciplinary and Other FINRA Actions, January 2017.” John Billy Kakonikos (CRD #4017356, Flushing, New York) was assessed a deferred fine of $10,000, suspended by FINRA for 18 months, and ordered to pay deferred restitution in the amount of $72,524.53, plus interest, to a client […]

Soreide Law Group (888-760-6552) obtained the following information from the January 2017 Disciplinary Report on FINRA’s website; Richard Lynn Hollan (CRD #1401016, Houston, Texas) was fined $5,000 and suspended by FINRA for one month.   According to the FINRA report, during the time period of June 10, 2013 through September 10, 2015, Richard Hollan allegedly […]

Soreide Law Group (888-760-6552) obtained the following information on FINRA’s website under, “Disciplinary and Other FINRA Actions, January 2017.” Kevin Lawrence Barbalace (CRD #4456476, Baltimore, Maryland) was assessed a deferred fine of $5,000 and suspended by FINRA for three months for allegedly making unsuitable investment recommendations to a client, and exposing the client to a […]

Soreide Law Group obtained the following information on FINRA’s website under, “Disciplinary and Other FINRA Actions, January 2017.” VFG Securities, Inc. (CRD® #15121, Culver City, California) and Jason Bryce Vanclef (CRD #5096529, San Luis Obispo, California) VFG Securities, Inc. was censured and fined $50,000, of which $10,000 is joint and several with Vanclef. Vanclef was […]

A Soreide Law Group (888-760-6552) obtained the following information from FINRA’s Disciplinary Actions December 2016. Mark Tauzin (CRD #1716373, Lafayette, Louisiana) was assessed a deferred fine of $20,000, suspended by FINRA for eight months, and required to pay deferred disgorgement of ill-gotten gains in partial restitution in the total amount of $205,115.02, plus interest, to […]

JEROME S. KRAUSE (CRD# 1582647) Alternate Name: JERRY KRAUSE, formerly with First Heartland Capital Inc., must pay $600,000 in damages to an elderly couple after he allegedly took money from them, according to the Financial Industry Regulatory Authority Inc. (FINRA). FINRA stated that Jerome S. Krause’s clients, both in their 80s, claimed Krause used his […]

In August, FINRA suspended top producing advisor, ADAM D. ESTES (CRD# 4089657), of Hilliard Lyons, Bloomington, Indiana, for 15 months, and fined Estes $15,000. Allegedly, Estes engaged in 11 private securities transactions without his firm's permission which totaled over $1.2 million between May of 2012, and March of 2014.  Estes provided about $652,000 and other […]

The Florida-based Soreide Law Group obtained the following information on FINRA’s website under, “Disciplinary and Other FINRA Actions, August 2016.” Armando Fernandez (CRD #3079602, Miami Shores, Florida) was fined $7,500 and suspended from association with any FINRA member in any capacity for 20 business days. According to FINRA’s findings, allegedly Fernandez exercised discretion in a […]