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A federal criminal complaint was filed against MICHAEL J. OPPENHEIM (CRD# 3021013), 48 years-old, of Livingston, New Jersey. Oppenheim has been accused of embezzling approximately $20 million of his clients' money for his own personal use. Oppenheim was formerly employed by JPMorgan Chase in New York. He was arrested by the FBI at his home […]

Soreide Law Group, based in Pompano Beach, Florida (888) 760-6552, obtained the following summation of information from FINRA’s website, under “Disciplinary and Other FINRA Actions, April 2015.” Wendy Ann Wurst (CRD #1902879, Atlantis, Florida) AKA/ WENDY ANN MINERD, WENDY A MINERO, WENDY ANN MINERO was assessed a deferred fine of $50,000, suspended by FINRA for […]

The following summation of information from FINRA's website listed under “Disciplinary and Other FINRA Actions, April, 2015,” was obtained by the Pompano Beach, Florida-based Soreide Law Group, (888) 760-6552. Roger Kumar Jr. (CRD #2702488, Ocean Ridge, Florida) was assessed a deferred fine of $50,000 and suspended by FINRA one year for allegedly making misleading and […]

The Florida-based Soreide Law Group, (888) 760-6552 obtained the following summation of information from FINRA's website under “Disciplinary and Other FINRA Actions April 2015.” Souza Barros Securities, Inc. (CRD #149032, Miami, Florida) was censured and fined $75,000 by FINRA for allegedly failing to implement an adequate AML (Anti Money Laundering) program designed to detect and […]

The Financial Industry Regulatory Authority (FINRA) has censured and fined two divisions of Morgan Stanley $675,000 for allegedly misrepresenting municipal bond interest paid to clients as tax-exempt, when in fact, it should have been taxable. Morgan Stanley Smith Barney, and Morgan Stanley & Co. agreed to the penalties April 1, 2015, without admitting or denying […]

The Financial Industry Regulatory Authority (FINRA) barred Matthew R. Quinn (CRD# 4478751) for alleged theft from elderly clients. FINRA reported that allegedly Quinn withdrew the funds from the accounts of elderly bank clients while he was working at Fifth Third, Cincinnati, Ohio. He also worked as a teller there. Quinn refused to cooperate with FINRA […]

On April 8, 2015, the Securities and Exchange Commission (SEC) charged Los Angeles-based Pacific West Capital Group Inc. and its owner Andrew B. Calhoun IV, of Beverly Hills, with fraud in the sale of "life settlement" investments. ( "Life settlements" are securities which are structured when a life insurance policy "matures" after the insured individual […]

A Financial Industry Regulatory Authority (FINRA) arbitration panel awarded $1.3 million in damages to a Mississippi investor over the handling of her finances by Lanis Dale Noble, a former broker for Stifel Nicolaus & Co. Inc. The investor also is Noble's former daughter-in-law. The case was filed in August 2012, accusing Noble with churning, breach […]