Park Avenue Securities, LLC, was fined $300,000.00 and censured by the Financial Industry Regulatory Authority Inc. (FINRA) for its supervision of variable annuity (VA) sales. According to FINRA, from Jan. 1, 2013 through March 3, 2015, Park Avenue Securities allegedly "failed to establish, maintain and enforce a supervisory system and written supervisory procedures reasonably designed […]

Soreide Law Group, representing clients nationwide before FINRA, obtained the following information from the April 2018 Disciplinary Report from FINRA:  Guy Charles Conger (CRD #2280420, San Antonio, Texas) was assessed a deferred fine of $15,000 and suspended from association with any FINRA member in all capacities for six months for allegedly using discretion to place […]

Soreide Law Group, based in Florida, obtained the following information from FINRA’s website on Florida broker:  Jeffrey E. Krupnick (CRD #4307569, Sarasota, Florida)   An Office of Hearing Officers’ (OHO) decision became final in which Jeffrey E. Krupnick was barred from association with any FINRA member in all capacities. This FINRA sanction was based on […]

Florida-based Soreide Law Group obtained the following on from FINRA’s April 2018 Disciplinary Report on Florida broker: JODIE ANN LAMARRE (JODIE ANN GINGERICH, JODIE ANN LAMARRE MS) (CRD #2127928, Sarasota, Florida) LaMarre was assessed a deferred fine of $10,000 and suspended by FINRA for one year for allegedly recommending an unsuitable strategy involving the consolidation […]

Soreide Law Group, based in Florida, obtained the following information from FINRA’s April 2018 Disciplinary Report on Florida broker: Heather Xanthe VanLandingham (CRD #5343446, Odessa, Florida) was fined $5,000 and suspended by FINRA for 20 business days for allegedly effecting transactions in a client’s account at her member firm without the client’s knowledge or authorization. […]

LI-LIN HSU (YILIN HSU) CRD#: 4706509, a former Ameriprise Financial broker from Los Angeles, was arrested by the FBI last week on charges of federal fraud and money laundering. Hsu’s alleged scheme cost at least eleven of her former Ameriprise clients approximately $2 million. The U.S. Attorney’s office in the Central District of California said […]

Soreide Law Group, based in Pompano Beach, Florida, obtained the following information from FINRA’s April 2018 Disciplinary Report on the following South Florida broker:  Jimmy Oswald Moscoso (CRD #2912265, Boca Raton, Florida) was barred by FINRA for allegedly converting an elderly client’s funds. FINRA’s findings stated that the elderly client agreed to invest $20,000 in […]

Soreide Law Group, based in Pompano Beach, Florida, obtained the following information from FINRA’s April 2018 Disciplinary Report on the Florida firm:  GWN Securities Inc. (CRD #128929, Palm Beach Gardens, Florida) FINRA censured the firm, fined them $100,000, ordered them to pay $72,715.82, plus interest, in restitution to clients, and required GWN Securities to submit […]

SCOTT NEWSHOLME (CRD#: 3062837), a 43 year-old Farmingdale, New Jersey former broker, pleaded guilty on April 12, 2018 in federal court to wire fraud, aggravated identity theft and preparing fraudulent tax returns.  According to the US Attorney’s office, this pertains to a long-running scheme to defraud investment clients out of millions of dollars, forging an […]