FREDERICK MARKLEY STOW (FREDERICK M STOW) CRD#: 864436, a former Raymond James of Franklin, Tennessee, broker, has had charges filed against him by the Federal Prosecutor in Tennessee for allegedly stealing nearly $1 million from elderly clients.  The case against Stow was filed on June 11, 2020, in Nashville federal court by the U.S. Attorney […]

David H Austin (Also known as: David Harry Nelson Austin, David Austin, David Harry-Nelson Austin) CRD#: 6702519, a former broker from JPMorgan of Grand Rapids, Michigan, was barred by the Financial Industry Regulatory Authority, Inc. (FINRA), on June 11, 2020, from acting as a broker or otherwise associating with a broker/dealer firm. Without admitting or […]

SagePoint Financial has been ordered by the Financial Industry Regulatory Authority (FINRA) to pay over $1,000,000 in restitution to their clients involved in early rollovers of unit investment trusts (UITs). A unit investment trust (UIT) is an investment that offers a fixed portfolio, generally of stocks and bonds, as redeemable units to investors for a […]

Raymond James' Thomas OBrien Involved In Investor Disputes Investors are coming forward with disputes concerning Thomas OBrien [CRD#: 2282208, Shreveport, Louisiana]. Notably, the securities broker, who has worked for Raymond James Associates since 2013, discloses three investor disputes on Financial Industry Regulatory Authority (“FINRA”) BrokerCheck. Notably, Raymond James Associates clients indicated that OBrien, among other […]

Alexander Capital Investors Indicate Broker Robert Stefanelli Excessively Traded, Churned Accounts Soreide Law Group is investigating potential investor claims of sales practice violations by securities broker Robert Stefanelli [CRD#: 2566917, New York, New York]. Notably, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck shows that four investors took aim at the securities broker, who associated with Alexander […]

The board of another non-traded business development company (BDC), Sierra Income Corporation, has suspended monthly distributions to their shareholders.  The company claimed that the suspension is temporary and would enhance their financial flexibility. This included both cash distributions and distribution reinvestment plans. According to Sierra Income Corporation, “The company believes that it is in the […]

The board of NexPoint Capital Inc., a publicly registered non-traded business development company (BDC) focusing on healthcare, approved the suspension of the company’s monthly distribution.  The suspension is for both cash distributions and those offered through NexPoint’s distribution reinvestment plan. According to news reports, NexPoint Capital said the decision was made “to provide additional financial […]

Investors File Claims About Jon Freeze, Alternative Investment Holdings Soreide Law Group is investigating potential investor claims of sales practice violations by securities broker Jonathan “Jon” Douglas Freeze [CRD#: 2642023, Canonsburg, Pennsylvania]. Notably, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck reports that since 2017, no less than nine clients contested the securities recommendations or sales of […]

Morgan Stanley's Tom Puentes Allegedly Sold Unsuitable Bonds Soreide Law Group is investigating potential investor claims of bad securities sales practices by broker Tom Abel Puentes [CRD#: 1713812, Langley, Washington]. Notably, FINRA BrokerCheck shows that 30 or more investors took issue with the securities broker, who associated with Morgan Stanley and Kestra Investment Services and […]