The following is a portion of the article quoting Securities Lawyer, Lars K. Soreide of Soreide Law Group. The article was written by Andrew Welsch and appeared in onwallstreet on March 11,2015: "Ex-Advisor Racks Up $16M in Client Complaints One barred advisor. Fourteen client complaints. $16 million in alleged damages. Troubles are mounting for Enver […]

MATTHEW C. KATKE (CRD# 4679645) a 34 year-old former trader with Royal Bank of Scotland Group (RBS) Stamford, Connecticut, pleaded guilty in a Connecticut Federal Court to conspiracy to commit securities fraud for participating in a multi-million dollar securities fraud scheme. This was announced by the U.S. Attorney for Connecticut and the FBI. Katke is […]

Clearview Correspondent Services, LLC nka BB&T Securities, LLC (CRD #142785, Richmond, Virginia) was censured and fined $1,000,000 for allegedly failing to properly aggregate positions for accounts that were acting in concert under the common control of specific registered representatives/investment advisors within the firm. FINRA's findings stated that as a result, the firm failed to report […]

BRYAN W. ANDERSON (CRD# 3116269), 40 year old broker, from Hoover, Alabama, pled guilty to a Ponzi scheme which dozens of investors lost a total of $3.1 million. Anderson, acting as their broker, promised his clients that the investments were 100 percent risk free. Anderson pled guilty to wire fraud, money laundering, and securities fraud […]

Citigroup Global Markets Inc. (CRD #7059, New York, New York) was censured and fined $3,000,000, to be paid jointly to FINRA and the New York Stock Exchange (NYSE) for allegedly failing to deliver prospectuses in connection with sales of certain ETFs (Exchange Traded Funds) to customers. FINRA's findings stated that Citigroup Global Markets failed to […]

Ralph A. Saviano, a 72 year-old financial advisor from Bridgewater, New Jersey, was sentenced to 27 months in prison for taking $138,000 from two elderly investors. Saviano told his clients that he was investing their money in conservative investments when in fact he was taking the money for his own personal use. Saviano had pled […]

Ameriprise Financial Services, Inc. (CRD® #6363, Minneapolis, Minnesota) and David Bradley Tysk (CRD #1782289, Eden Prairie, Minnesota). Ameriprise Financial Services, Inc. (Ameriprise) was censured and fined $100,000, and David Bradley Tysk (Tysk) was fined $50,000 and suspended by FINRA® for three months. These sanctions were based on FINRA's findings that allegedly, Tysk altered computer notes […]

PHILIP E. MORIARTY II (CRD# 1989641) an investment advisor from Maine, was recently accused of six counts of wire fraud. A grand jury in Chicago indicted him on the charges relating to the allegations that he defrauded investors of approximately $1.1 million while he was CEO of First Street Capital Partners in Chicago 2008 - […]

The Florida-based Soreide Law Group, (888) 760-6552, has obtained the following summation from FINRA's website “Disciplinary and Other FINRA Actions February, 2015.” Darrell Robert Vanpamel (CRD #5117737, Cape Coral, Florida) was fined $5,000 and suspended by FINRA for one month for allegedly failing to provide written notice to his member firm prior to engaging in […]