INVESTOR ALERT: Royal Securities’ THOMAS CAMERON OAKES Barred By FINRA The Financial Industry Regulatory Authority (“FINRA”) barred Royal Securities Company securities representative Thomas Cameron Oakes (CRD#: 1354152, Grand Rapids, Michigan) for declining to testify in an investigation FINRA initiated regarding a number of investor complaints against Mr. Oakes. Notably, Mr. Oakes, who worked for Royal […]

Soreide Law Group has been contacted by former clients of California broker: ANGELO TALEBI CRD#: 2243829 The losses the clients suffered were mainly from alleged recommendations in Northstar REITs:  NorthStar Real Estate Income Trust, NorthStar Real Estate Income Trust I, and NorthStar Real Estate Income Trust II. NorthStar Real Estate Income was formed to invest […]

FINRA Fines, Censures Parkland Securities For Failure To Supervise Non-Traditional ETFs The Financial Industry Regulatory Authority (“FINRA”) sanctioned Parkland Securities LLC (CRD#: 115368, Ann Arbor, Michigan) on March 7, 2019 for insufficient supervision. Evidently, the firm submitted a Letter of Acceptance, Waiver and Consent #2016052300601 on February 27, 2019, agreeing to a censure and $20,000.00 […]

The FBI investigation into GPB Capital Holdings made headlines last week.  However, the investigation by New York City regulators who oversee the private trash industry perked the interest of the press. GPB Capital buys businesses through the money raised by brokers and financial advisors selling GPB private placements to their clients. With 4,000 retail investors, […]

ATTENTION INVESTORS: Complaints Filed Against Brokers Cheskel Gottlieb, Mark Wasikonis, Stephen Wingard, Phillip Barringer MML Investors Services, LLC (CRD#: 10409, Springfield, Massachusetts) does business as an investment adviser firm and as a brokerage firm. The Financial Industry Regulatory Authority (“FINRA”) and the Securities and Exchange Commission (“SEC”) regulate MML Investors Services, LLC. Notably, according to […]

BROKER MISCONDUCT: Merrill Lynch Terminates Jacob Wagner, Jessica Caden, Scott Tilley, Keith McIntosh Merrill Lynch (CRD#: 7691, New York, New York) is a SEC-regulated investment adviser and FINRA-regulated brokerage firm. Notably, with a company containing over 15,000 employees, Merrill Lynch is bound to have bad apples working for them every once in a while. Particularly, […]

AATTENTION: Soreide Law Group Investigating MetLife Brokers Michael Miley, Chong Kim, Chris Maltese Soreide Law Group is investigating possible claims on behalf of customers who invested with brokers of MSI Financial Services Inc. (FINRA CRD#: 14251), also known as MetLife Securities, Inc. Specifically, the firm is reviewing possible claims of misconduct against MetLife brokers Michael […]

Customer Complaints Against Merrill Lynch Brokers Ryan Marchi, Tariq Laliwala, William Kablack Merrill Lynch (CRD#: 7691, New York, New York) is a FINRA-regulated brokerage firm and SEC-regulated investment adviser. Notably, Merrill Lynch has been involved in at least 870 customer investment arbitrations resulting in the firm paying a large number of customers compensation for its […]

On February 19, 2019, an Ohio federal court entered a consent judgment against the former WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC of DAYTON, OH, registered representative, JOHN GREGORY SCHMIDT (GREG SCHMIDT, JOHN GREG SCHMIDT) CRD#: 708094. The SEC filed a complaint on September 25, 2018, alleging that JOHN GREGORY SCHMIDT sold securities belonging to at […]