Customers Allege Bad Sales Practices By Merrill Lynch Broker JUAN BARRERAS Juan Guillermo Herrans Barreras (CRD#: 1742910, Miami, Florida) is a financial advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”). Mainly, the advisor, who has been registered with the firm since June 21, 2010, has some alarming disclosures on his FINRA BrokerCheck […]

Soreide Law Group, based in Pompano Beach, Florida, obtained the following information from FINRA’s Disciplinary Report March 2019 on former Newbridge Securities of Boca Raton, broker: Dennis Allen Hayes (CRD #4403550) was named a respondent in a FINRA complaint alleging that, without providing his member firm prior written notice, he participated in private securities transactions […]

Soreide Law Group, based in Pompano Beach, Florida, was recently contacted a client who was unhappy with the performance of the investments recommended by Aegis Capital Corporation of Boca Raton, broker: ALAN ZELIG APPELBAUM (CRD#: 500336)   Alan Appelbaum was previously registered with Herbert J. Sims & Company, Inc. of Boca Raton. According to Alan […]

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 […]