Soreide Law Group has been contacted by investors who were allegedly recommended they invest in “Aurora” with former CUSO FINANCIAL SERVICES, broker, ERIC OLIN SHANKS (CRD#: 2724083). Shanks allegedly recommended these clients invest in "Aurora" with former Cuso Financial and barred broker, Conrad Bautista. The selling of investments such as “Aurora,” is also known as “selling […]

ATTENTION INVESTORS! Claims Against UBS Financial Services Broker ANGEL CANABAL UBS Financial Services broker and supervisor Angel Manuel Canabal Sr. (CRD#: 2180310, Mayaguez, Puerto Rico), who has been registered with the firm since February 2, 1998, reported through Financial Industry Regulatory Authority (“FINRA”) BrokerCheck that at least 84 of his customers at UBS Financial Services […]

Allegations Of Misconduct Raised Against LPL Financial LLC Brokers Brian Griffith, Kevin Sofoul, Virginia Nichols LPL Financial LLC (CRD#: 6413, Boston, Massachusetts) is a FINRA-regulated brokerage firm and SEC-regulated investment adviser firm. Mainly, LPL Financial LLC reports through FINRA BrokerCheck that regulators have taken disciplinary action against it 153 times. Also, arbitrators in approximately 54 […]

RAYMOND THOMAS CLARK (CRD#: 3120696), a former financial advisor from Amherst, New York, allegedly stole $870,000 from his clients.  According to news reports, he is going to prison for 27 months. According to the Buffalo news, RAYMOND THOMAS CLARK pleaded guilty last year to wire fraud and money laundering. He allegedly ran a scheme targeting […]

INVESTOR ALERT: Claims Against Citigroup Global Markets Inc. Brokers Becky Woo, John Kelly Citigroup Global Markets Inc. (CRD#: 7059, New York, New York) is both a FINRA-regulated brokerage firm and SEC-regulated investment advisory. The firm, established January 25, 1960, discloses an alarming rate of regulatory events and arbitrations on FINRA BrokerCheck. Specifically, regulators have taken disciplinary […]

Misconduct Alleged Against Next Financial Broker Michael Matthews Next Financial Group, Inc. (CRD#: 46214, Houston, Texas) is a FINRA and SEC regulated brokerage firm and investment advisory. Regulators have taken disciplinary action against Next Financial Group, Inc. on at least 20 occasions, according to FINRA BrokerCheck. Not only that, but the firm was found liable […]

In a recent report from CNBC, they discussed the “bad guy report” from the Financial Industry Regulatory Authority or FINRA. This was taken from the latest monthly disciplinary actions by FINRA, March of 2019, which involves brokers putting clients funds in inappropriate or unregistered investments, defrauding investors, using their client’s money for their own personal […]

SEC Bars Wedbush Securities Broker Timary Delorme For Fraudulent Trading Scheme The Securities and Exchange Commission (“SEC”) issued an Order #3-18410 dated March 27, 2018 barring Wedbush Securities Inc. broker Timary Delorme (CRD#: 736418, Los Angeles, California) from engaging in brokerage or investment advisory activities. Specifically, Delorme, 60, submitted an Offer of Settlement to the […]

INVESTOR WARNING! Allegations Against RBC Capital Brokers ANDREW LEONARD, ANTHONY DEMAIO, DAVID MCILROY, THOMAS MCCRACKEN Andrew Stephen Leonard (CRD#: 5928927, Washington, District of Columbia) is a general securities representative of RBC Capital Markets. Evidently, Andrew Leonard joined the firm’s DC offices on August 22, 2012. Mainly, Andrew Leonard shows on his FINRA BrokerCheck report that […]