Florida-based Soreide Law Group has obtained the following summation of information from FINRA's Website under "Disciplinary and Other Actions, January, 2015." Marc Halan Baldinger (CRD #1942349, Jensen Beach, Florida) was assessed a deferred fine of $10,000, suspended by FINRA for 18 months and ordered to pay $233,000, plus interest, in disgorgement of selling compensation. Allegedly […]

Soreide Law Group has been contacted by several bond investors in Harrah's, now known as Caesars Entertainment Corporation. Many of these investors, who lost their entire investment, purchased these bonds through Aegis Capital Corporation. Aegis has been in business since 1984 and is located in New York City. Caesars Entertainment changed its name from Harrah's […]

Benjamin Brown Jr. (CRD #3091206, Jamaica, New York) was assessed a deferred fine of $5,000 and suspended by FINRA for 10 business days for allegedly effecting option transactions while exercising discretion in a customer’s account without the customer’s prior written authorization to exercise such discretion and without his member firm’s written permission to engage in […]

Chapin Davis, Inc. (CRD #28116, Baltimore, Maryland) was censured and fined $35,000 in connection with the alleged sale of structured products, the firm’s supervisory system and WSPs were inadequate. FINRA's findings stated that Chapin Davis sold approximately $24.5 million in structured notes and Federal Deposit Insurance Corporation (FDIC) insured structured certificates of deposit (CDs) to […]

Soreide Law Group obtained the following summation of information from FINRA's Website under "Disciplinary and Other Actions, December 2014." Robert Charles Mangold (CRD #1665614, Mt. Laurel NJ) was suspended by FINRA for 60 days for allegedly soliciting and receiving loans of $56,000 from two of his clients. According to FINRA, both of his member firms […]

Michael Gregg Lieberman (CRD #5266225, Huntersville, North Carolina) was barred by FINRA for allegedly failing to provide FINRA-requested documents and information regarding an investigation into allegations that he may have converted approximately $1.4 to $1.6 million of his member firm’s funds. The findings stated that Lieberman informed FINRA that he would not cooperate with FINRA’s […]

Yimin Ge (CRD #4891755, Brooklyn, New York) was barred by FINRA for allegedly entering into an agreement with counterparties at other financial institutions to engage in pre-arranged trading in willful violation of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. FINRA's findings stated that these prearranged transactions artificially influenced the natural […]

Global Financial Services, L.L.C. (CRD #35699, Houston, Texas) was censured and fined $100,000 for failure to establish and implement policies and procedures reasonably expected to detect and cause the reporting of suspicious activities. FINRA's findings stated that despite multiple “red flags” for potentially suspicious activity in several accounts, Global Financial Services failed to investigate the […]

Michael Edward Donnelly (CRD #2276988, Newark, Delaware) was barred by FINRA for allegedly failing to provide FINRA with requested information and documentation for an investigation related to allegations that he converted client funds. According to FINRA, after Donnelly received a second request, he informed FINRA that he would not cooperate or provide the requested information […]