The Pompano Beach, Florida-based Soreide Law Group obtained the following on FINRA's website under, "Disciplinary and Other FINRA Actions March 2016:" Robert E. Richards (CRD #2663610, Boynton Beach, Florida) Alternate Names: ROB RICHARDS was assessed a deferred fine of $25,000, suspended by FINRA for two years and required to requalify as a General Securities Principal […]

PHILIP E. MORIARTY II (CRD# 1989641), an investment advisor, pleaded guilty to defrauding investors of $1.1 million in an Illinois federal court. Moriarty plead guilty to one count of wire fraud in a scheme in which he told the investors they were buying shares in companies, when in fact, Moriarty used their money for his […]

A Malcolm Segal Ponzi Scheme victim who was an elderly widower alleging to be the victim of Malcolm Segal’s Ponzi scheme recovers $1 million in punitive damages, in addition to $348,108 in compensatory damages and $229,557 in attorney fees from Aegis Capital. The Philadelphia Claimants brought their claim through the Financial Industry Regulatory Authority “FINRA”. The […]

UBS AG announced that it has suspended sales of its outstanding ETRACS 2xMonthly Leveraged Long Alerian MLP Infrastructure Index ETN (NYSE Arca: MLPL) and other ETRACS products. March 2020 Update: The following were suspended: UBS ETRACS Monthly Pay 2x Leveraged MSCI US REIT Index ETN due May 5, 2025 symbol – LRET UBS ETRACKS Monthly […]

Linn Energy Lawsuit by a Securities Lawyer: Soreide Law Group has filed 6 lawsuits against stock brokers on behalf of clients that had large concentrated positions in Linn Energy.  Linn Energy now has a sell rating and a letter grade of “D” from the website “the street”. Many investors were told to dollar cost average […]

Soreide Law Group is investigating claims related to the iPath S&P GSCI Crude Oil Total Return Index ETN. This investment may have been inappropriately sold to investors. This investment is represented by the symbol "OIL." OIL is not a suitable investment for everyone and your broker may have failed to limit losses. This year alone […]

Soreide Law Group is investigating claims relating to BreitBurn Energy Partners (NASDAQ: BBEP) purchased through Merrill Lynch stock brokers. Upon information and belief, Bank of America was one of the largest debt holders in BreitBurn, and Merrill Lynch, which is owned by Bank of America, maintained a buy rating on this position as it dropped […]

Soreide Law Group is launching an investigation on behalf of investors who were recommended the stock, UDF real estate investment trusts (REITs), by their brokers and financial advisors and experienced devastating losses. United Development Funding IV (UDF) Non-Traded REIT was financed through an offering distributed through RCS Capital Corp, a division of Realty Capital Securities, […]

Soreide Law Group filed a FINRA arbitration on behalf of our client, against broker George Merhoff, Jr., and the firm Cetera Advisors LLC, of Denver Colorado. We are currently investigating George Merhoff and his sales practices to his clients of allegedly selling oil and gas investments in large concentrations. In this recently filed arbitration, the […]