Suitability Claims Lodged Against Morgan Stanley Broker James E. Brooks James E. Brooks (CRD#: 31604, Boca Raton, Florida) is a prior financial advisor of Morgan Stanley. The Financial Industry Regulatory Authority (“FINRA”) BrokerCheck Report for Brooks shows that Brooks’ sales practices have been contested by at least four investors through their filing of investment-related complaints […]

DAVID HOWARD FAGENSON (DAVID FAGENSON) CRD#: 1652012, a broker formerly with UBS of Palm Beach, Florida, was suspended by the Financial Industry Regulatory Authority, Inc. (FINRA) following allegations that he traded excessively in elderly client accounts. DAVID FAGENSON consented to an eight-month suspension without admitting or denying FINRA’s findings. FINRA did not fine Fagenson due […]

RALPH WILLARD SAVOIE (RALPH SAVOIE) CRD#: 411660, a 71 year-old former financial advisor, was sentenced to 14 years in prison after he admitted to stealing up to $1.5 million from his clients.  According to news reports, Savoie, pleaded guilty in March to wire fraud.  Savoie must also serve three years of supervised release, forfeit $1.1 […]

Boca Raton Broker Robert David Child Sued For Unsuitability Soreide Law Group is investigating claims on behalf of customers who invested with Robert David Child (CRD#: 500359, Boca Raton, Florida). Robert David Child has worked for brokerage firms including National Securities Corp (November 12, 2012 to September 18, 2017), vFinance Investments Inc. (August 8, 2001 […]

Raymond James & Associates Subject Of Customers’ Fraud Allegations Soreide Law Group is investigating claims on behalf of those who invested with Raymond James registered representatives including Jonathan Towne Melges, Philip Thomas Maurer, Mark David Kopkin, Eric Paul Frey and Clay Cale Rucker. Raymond James & Associates, Inc. (CRD#: 705, Saint Petersburg, Florida) is a […]

Customers Allege Against Morgan Stanley Sold Unsuitable Investments Morgan Stanley (CRD#: 149777, Purchase, New York) is a Financial Industry Regulatory Authority (“FINRA”) member brokerage firm and Securities and Exchange Commission (“SEC”) registered investment adviser firm. Evidently, Morgan Stanley has been party to forty-three regulatory events regarding its apparent violations of investment-related regulations or rules. At […]

LPL Financial Sued By Investors Over Unsuitable Annuity Sales LPL Financial LLC (CRD#: 6413, Boston, Massachusetts) ) is a brokerage firm regulated by Financial Industry Regulatory Authority (“FINRA”) who has reported one hundred twenty-nine regulatory events concerning allegations of LPL Financial’s violations of regulations or rules in the securities industry. Additionally, LPL Financial has also […]

Customers File Claims Against Laidlaw & Company For Churning Laidlaw & Company (UK) Ltd. (CRD#: 119037, New York, New York) is a Financial Industry Regulatory Authority (“FINRA”) member brokerage firm who has reported five regulatory events in regard to allegations of its violations of investment-related regulations or rules. Also, Laidlaw & Company has disclosed at […]

Independent Financial Group Sued Over Unreasonable Advice Independent Financial Group (CRD#: 7717, San Diego, California) is a brokerage firm regulated by Financial Industry Regulatory Authority (“FINRA”) who has reported five regulatory events about the firm’s alleged violations of investment-related regulations. Also, several Independent Financial Group representatives, including Steven Collins, John Michael Cione and Leticia Hewko, […]