On October 19, 2020, the Financial Industry Regulatory Authority Inc. (FINRA) fined the former Sage Point Financial of Omaha, Nebraska, broker TROY ROBERT BAILY (TROY R BAILY) CRD#: 4458930, $5,000 and suspended him for six months for the alleged undisclosed and unapproved sale of private securities. According to the FINRA report, without admitting or denying […]

FREDERICK MARKLEY STOW (CRD#: 864436), a former broker and vice president with Raymond James & Associates, Inc. of Franklin, Tennessee, was charged on June 11, 2020, in a Nashville federal court for the Middle District of Tennessee, with three counts of wire fraud, one count of identity theft and one count of securities fraud. They […]

LAUREN L WING (also known as: LAUREN LEE WING, LAUREN WINGYEE) CRD#: 5803987, a broker formerly with JP Morgan Securities of Los Angeles, was fined $5000.00 and suspended for one month by FINRA for allegedly trading in a senior client’s account without authorization. According to the September 10, 2020, FINRA report, without admitting or denying […]

Broker Ronald Birnbaum Involved In Investor Disputes The Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations of misconduct by securities broker Ronald Birnbaum (CRD#: 2382580, Newton, Massachusetts). Evidently, Birnbaum works for Advisory Group Equity Services Ltd. as a stockbroker and Trust Advisory Group Ltd. as a financial advisor. Notably, he is involved in six investor […]

Losses By Investing In Oaktree REIT? Soreide Law Group is reviewing potential complaints or lawsuits against financial advisors who might have recommended Oaktree Real Estate Investment Trust (Oaktree REIT). Notably, Oaktree REIT is a risky, non-traded real estate security which might be inappropriate for certain investors’ investment portfolios. Here’s more about the REIT and what […]

Opioid Manufacturer Mallinckrodt (MNK) Files For Bankruptcy Investor alert! Pharmaceutical company and opioid producer Mallinckrodt PLC (NYSE: MNK) has just filed for Chapter 11 bankruptcy protection. Soreide Law Group is reviewing possible claims against financial advisors and securities brokers who might have advised clients to purchase shares of Mallinckrodt. Here’s more on what led to […]

Did Your Broker, Advisor Recommend Direxion Daily Energy Bull 2X Shares (NYSEARCA: ERX)? Soreide Law Group is investigating potential investor claims of sales practice violations against financial advisors and securities brokers who recommended or sold Direxion Daily Energy Bull 2X Shares (NYSEARCA: ERX). Evidently, ERX is a leveraged equity fund issued by Direxion Funds. It […]

SEAN MICHAEL REFSNIDER CRD#: 4762963, a former broker with Ameriprise Financial Services of Haddon Heights, New Jersey, has been barred by FINRA from acting as a broker or otherwise associating with a broker-dealer firm for allegedly converting more than $42,000 of an elderly client’s funds for his own use. Without admitting or denying FINRA’s allegations, […]

Investors, Regulators Take Action Against David Khezri The Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations of misconduct against securities broker David Khezri (CRD#: 2736831, Hauppauge, New York). Namely, the securities broker, who currently works in Network 1 Financial Securities’ Hauppauge offices (2010 – present) and who also worked for Worden Capital Management (2017 – […]