Douglas Walter Campbell Jr. (CRD #2462754, New Canaan, Connecticut) was fined $5,000 and it was deferred, and suspended by FINRA for 20 business days for allegedly engaging in unsuitable trading in a customer’s account by recommending purchases of speculative investments, which were not consistent with the customer’s investment objectives, resulting in an overconcentration in the […]

Moshe Marc Cohen, a former Woodbury Financial Services New York broker, allegedly participated in a scheme to profit from the death of terminally ill patients through variable annuity sales. A U.S. Securities and Exchange Commission judge ruled on Wednesday that Cohen must return $768,000 in commissions according to a recent article in Reuters. The SEC […]

Recently, the following 5 energy companies were listed as the worst performing of 2014. When oil prices took a dive it sent these stocks tumbling in the opposite direction of the market in general. If your broker/financial advisor recommended any of these five poor performers, contact the Soreide Law Group for a free consultation and […]

David Philip Morabito (CRD #2799155, Mineola, New York) was suspended by FINRA for six months for allegedly participating in private securities transactions with a private investment company and not providing notice of the transactions to his member firm, or obtaining written approval prior to participating in the transactions. FINRA's findings stated that Morabito recommended firm […]

DAVID E. SEAGREN (CRD# 1180218) a 70 year-old former financial advisor who had pled guilty in Pennsylvania in 2014, want to withdraw his guilty plea. Seagren initially pled guilty to charges of stealing money from a 97 year-old woman. After Seagren asked to withdraw his guilty plea before he was to be sentenced Monday morning […]

Jon Robert Hickman (CRD #4644088, Pleasant Hill, California) was fined $15,000 and suspended by FINRA. Allegedly while registered as a research analyst at a member firm, Hickman posted on Twitter concerning equity securities. He allegedly failed to disclose that he owned shares of the security and did not disclose risk or contingent factors or failed […]

Chase Bishop Casson (CRD #4404195, Carlsbad, California) was barred by FINRA for allegedly failing to provide FINRA with requested information and documentation as part of an investigation into whether he was engaged in private securities transactions. FINRA's findings stated that after receiving a fourth request, Casson informed FINRA that he would not cooperate or provide […]

BB&T Securities, LLC (CRD #142785, Richmond, Virginia) was censured, fined $20,000 and ordered to pay $7,243.62, plus interest, in restitution to their clients for alleged excessive mark-ups on corporate bond transactions, excessive mark-down on a corporate bond transaction, and excessive mark-up on a municipal bond transaction. FINRA's findings said the mark-ups and mark-down were not […]

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