STEVE PAGARTANIS Liable For Misrepresenting Investments The Financial Industry Regulatory Authority (“FINRA”) disclosed on June 26, 2019, that a FINRA Arbitration Panel issued an Award in FINRA Arbitration #: 18-01353, requiring that Cadaret, Grant Co. Inc. securities broker Steven Pagartanis (CRD#: 1955579, Setauket, New York) pay $1,462,000 in compensatory damages to a Cadaret client who […]

BILL UTANSKI Sell You Unsuitable Investments? The Financial Industry Regulatory Authority (“FINRA”) shows that investors disputed the sales practices of Ameriprise Financial Services Inc. securities broker Bill Utanski (CRD#: 2576809, Fort Lauderdale, Florida). Notably, since January 15, 2015, four investors brought complaints or FINRA Arbitrations suggesting Utanski made unsuitable investments. Here is a summary of […]

Did Your Broker Sell You UNIT Shares? Investors may have sustained serious losses from investing in Uniti Group Inc. (NASDAQ: UNIT). Mainly, this internally managed real estate investment trust, which concentrates in wireless communication, is down more than 59% from its $21.79 52-week high, trading at $8.86 as of market close on July 16, 2019. […]

ProShares UltraPro Short 20+ Year Treasury (NYSEArca: TTT) Losses? Soreide Law Group is evaluating possible investor claims against brokers who caused investor losses by selling them ProShares UltraPro Short 20+ Year Treasury (NYSEArca: TTT). Notably, this leveraged Fund, which aims to produce daily investment results of three times the inverse of the daily performance of […]

PEDRO SEIJO Barred BY SEC The Securities and Exchange Commission (“SEC”) announced it has barred Transamerica securities broker Pedro Seijo (CRD#: 2182912, San Juan, Puerto Rico) for fraud. Mainly, Seijo, who Transamerica disaffiliated with after learning about Seijo making unauthorized withdrawals from client accounts, submitted an Offer of Settlement to SEC. Evidently, SEC accepted the […]

Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TAYLOR CAPITAL MANAGEMENT INC. (Respondent) The Claimant, who is retired and living in Illinois, maintained an investment relationship with the Respondent and their Financial Advisor at Taylor Capital Management, Michael Pellegrino. Pellegrino is not named in this lawsuit. The lawsuit […]

JEFF NIMMOW Sell You Bad Investments? Soreide Law Group is considering bringing claims on behalf of investors who incurred losses by investing with Jeff Nimmow (CRD#: 2693601, Hillside, Illinois). According to Nimmow’s Financial Industry Regulatory Authority (“FINRA”) BrokerCheck Report, at least four clients complained about his sales practices. Not only that, but Forest Securities discharged […]

BRENDA SMITH Barred By FINRA The Financial Industry Regulatory Authority (“FINRA”) announced that it barred CV Brokerage Inc. financial and operations principal and securities broker Brenda Smith (CRD#: 4348518, West Conshohocken, Pennsylvania). Apparently, Smith, whom CV  Brokerage Inc. disaffiliated with June 14, 2019, executed a Letter of Acceptance, Wavier and Consent (the “AWC”) #: 2017052325901 […]

SUMMIT BROKERAGE SERVICES Reprimanded By FINRA The Financial Industry Regulatory Authority (FINRA”) announced that it sanctioned Summit Brokerage Services Inc. (CRD#: 34643, Boca Raton, Florida). Evidently, Summit failed to supervise securities brokers’ investment recommendations to prevent excessive trading. The securities firm also failed to supervise securities brokers’ use of consolidated reports. Summit “accepted” that it […]