Soreide Law Group, based in Florida, obtained the following from FINRA’s Disciplinary Report March, 2018: Richard Alan Shotz (CRD #1681893, Port Orange, Florida)  was fined $7,500 and suspended by FINRA for four months for allegedly engaging in an unsuitable pattern of short-term trading of unit investment trusts (UITs) in client accounts. FINRA’s findings stated that […]

Two former financial advisors have been barred by the Financial Industry Regulatory Authority (FINRA). FINRA has barred: MATTHEW THOMAS COCHRAN CRD#: 5853600, and GARY JOHN BASRALIAN CRD#: 14385 Matthew Cochran of Charlotte, N.C., allegedly opened approximately 100 accounts at TD Ameritrade while working at Northwestern Mutual Investment Services, LLC, in Charlotte, NC, without informing either […]

Did your broker or financial advisor recommend you invest in the GEMINI FUND V? GEMINI FUND V raised $60 million in committed capital for its fifth fund, Gemini Investors V. The firm raised $58 million for its last fund, Gemini Investors IV, which closed in 2005. Gemini usually makes investments of $3 million to $8 […]

Soreide Law Group has been contacted by investors who have suffered losses in the LJM Preservation and Growth Fund (LJMIX). The LJM Capital Preservation and Growth Fund sold three different share classes, and traded under the following symbols LJMIX, LJMAX, LCM. LJMIX has lost approximately 80% of its value in February of 2018. The LJM […]

Investors have lost $600 million in only two days. Was your stock broker looking out for your money? The fund is highly leveraged and achieves its investment objectives by capturing gains on options sold on the S&P futures contracts. If you stock broker recommended this to you, you may be able to get some or […]

Soreide Law Group is filing claims on behalf of investors who invested in the following: Vista Drilling Program 2011-1 Vista Drilling Program 2012 Vista Drilling Program 2013-2 Attorney, Lars Soreide, Esq., has been filing claims on behalf of clients who invested in various Vista Drilling programs against the brokerage firms that failed to disclose material […]

Soreide Law Group obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions February 2018.” Gary Raymond Gray (CRD #1641113, Las Vegas, Nevada) was assessed a deferred fine of $10,000 and suspended from association with any FINRA member in all capacities for three months.  Allegedly, Gray exercised discretion in effecting 236 trades […]

Soreide Law Group obtained the following information from FINRA’s February 2018 Disciplinary Report: Univest Securities, LLC (CRD #36105, New York, New York)   was censured and fined $20,000 by FINRA. A lower fine was imposed after considering, among other things, the Univest Securities revenue and financial resources. FINRA alleges Univest Securities failed to develop and […]

On March 7, 2018, MARK KAPLAN CRD#: 1978048 was barred by the Financial Industry Regulatory Authority Inc. (FINRA) from acting as a broker or otherwise associating with a broker-dealer firm for allegedly churning the account of a 93-year-old retired clothing salesman who suffered from dementia. According to FINRA, Kaplan created $723,000 in trading losses in […]