On November 20, 2019, NYLife Securities LLC (NEW YORK LIFE SECURITIES CORP., NEW YORK LIFE VARIABLE CONTRACTS CORPORATION, NYLIFE SECURITIES INC., NYLIFE SECURITIES LLC) CRD# 5167, was censured and fined $250,000 by the Financial Industry Regulatory Authority (FINRA) for their alleged failure to supervise sales of higher-risk mutual funds on November 20, 2019. NYLife Securities […]

Soreide Law Group, on behalf of their client (Claimant), has filed a FINRA arbitration against: NYLIFE SECURITIES LLC (Respondent). The Claimant, who resides in Florida, maintained an investment relationship with the Respondent and their Financial Advisor, Alan New. According to FINRA’s BrokerCheck, Alan New has 15 disclosures on his CRD report. Many of the disclosures […]

The National Law Enforcement Museum defaulted on a January 1, 2019 payment due on some of the $103 million of bonds that financed its Washington, D.C., facilities near the Smithsonian, just months after it opened in October of 2018, according to an article from Bloomberg. The National Law Enforcement Museum opened in October, during what […]

Losses From Richard Ewing? FINRA BrokerCheck reports troubling allegations of sales practice violations from Ameriprise Financial Services securities representative Richard Ewing (Dickie Ewing) (CRD#: 3189321, Palm Beach Gardens, Florida). Notably, the securities broker, who joined Ameriprise Advisor Services Inc. in 2005 and transitioned to Ameriprise Financial Services in 2009, reports 4 client disputes and 2regulatory […]

Losses From Lance Ziesemer? Soreide Law Group is investigating possible claims of excessive trading and unsuitable trading by Feltl & Company securities broker Lance Ziesemer (CRD#: 2342087, Wayzata, Minnesota). Notably, Ziesemer reports on FINRA BrokerCheck that at least 14 clients brought complaints or arbitration claims about his sales practices. It appears from those investor claims […]

CRAIG ZABALA Barred By FINRA The Financial Industry Regulatory Authority (“FINRA”) announced that it barred John W. Loofbourrow Associates broker Craig Zabala (CRD#: 2740680, New York, New York). Apparently, Zabala, who worked for John W. Loofbourrow Associates from February 7, 2015 to April 29, 2019 in the capacity of an investment banking representative, operations professional, […]

Sanchez Energy Corporation (SNECQ) and certain of its subsidiaries have received interim approvals from the U.S. Bankruptcy Court for the Southern District of Texas related to the voluntary Chapter 11 petitions filed on Aug. 11, 2019. According to the Houston Chronical, Sanchez Energy Corporation (SNECQ), a Houston oil company that was once one of the […]

Did ALLAN MONTALBANO Excessively Trade Your Account? Soreide Law Group is evaluating possible investor claims against Worden Capital Management and National Securities Corporation broker and financial advisor Allan Montalbano (CRD#: 4507029, Garden City, New York).  Notably, at least 14 clients of Montalbano disputed his sales practices, and all but 3 disputes have settled through payments […]

MARIONDY FERNANDEZ Sell You Bad Bonds? The Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations against prior Santander Securities broker Mariondy Fernandez (CRD#: 2391134, Dorchester, Massachusetts). Namely, the securities broker, who worked for Santander Securities from 2005 to 2016, discloses that 32 clients took issue with his sales practices. Here’s a summary of some recent […]