Soreide Law Group Investigating Wells Fargo Advisors Brokers WILLIAM SWETT, ROY LE BLANC, KEVIN LYNAR Soreide Law Group is investigating claims on behalf of those who invested with brokers of Wells Fargo Clearing Services, LLC (CRD#: 19616, St. Louis, Missouri), also known as Wells Fargo Advisors.  Specifically, the Financial Industry Regulatory Authority (“FINRA”) reports that […]

Soreide Law Group has been contacted by investors who have experienced losses due to their broker/dealers recommending the highly risky, non-traded REIT, NorthStar Healthcare to their investors. In a recent letter to their stockholders, NorthStar Healthcare Income, Inc. wrote to the investors that they were updating information regarding the investment in shares of NorthStar Helthcare’s […]

Soreide Law Group is currently investigating on behalf of investors who suffered investment losses, the UBS Yield Enhancement Strategy Program (UBS YES Program). UBS offered the YES Program as an option-based trading strategy.  The investors committed a certain amount of their portfolios to this program. UBS allegedly offered these clients a safe and low-risk investment […]

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, […]