The Florida Office of Financial Regulation recently filed a complaint in state administrative court against Regent Investment Advisors and Timothy C. Mingo, president and chief compliance officer of Aventura, Florida. They are seeking civil penalties and fines for allegedly overcharging clients and issuing false financial statements. The Office of Financial Regulation (OFR) has proposed a […]

Redonda Russell, 66, a former investment advisor from Fort Worth, Texas plead guilty to wire fraud on Aug. 26, 2014. Russell went after the inactive accounts of her firm, First Command Financial of Fort Worth, Texas and caused the liquidation of more than $316,000 according to the U.S. attorney’s office. Almost half of these clients […]

Fort Lauderdale-based Soreide Law Group, (888) 760-6552, recently obtained the following summary of information located on FINRA’s website, under “Disciplinary and Other FINRA Actions, August, 2014.” 79 Capital Securities, LLC (CRD #145511, Orlando, Florida) and Michael Maurice Ward (CRD #2853262, Orlando, Florida) 79 Capital Securities was censured and fined $25,000, jointly with Michael M. Ward […]

Frank C. Stewart, 48, of Ramey, Pennsylvania is facing charges of two counts of forgery, theft by unlawful taking, and theft by deception. He’s is accused of stealing $120,000 from an elderly client. Stewart is currently free on $25,000 unsecured bail. Allegedly, Stewart, without authorization, withdrew $120,000 from his 74 year-old client's Sun Life Financial […]

Soreide Law Group has been contacted by two former clients of Anthony Diaz (CRD #4131948), a Scotrun, Pennsylvania, financial planner who has been accused by the Financial Industry's Regulatory Authority (FINRA) of allegedly duping dozens of clients out of millions of dollars over the past few years. We are currently investigating these allegations. FINRA alleges […]

REDONDA L. RUSSELL (CRD# 2352819) 66 years-old, former Fort Worth investment advisor, plead guilty to a wire fraud charge. According to the US Attorney's office, Russell targeted the inactive accounts of her clients from First Command Financial Planning, Inc. of Fort Worth, nearly half of whom were dead, for more than $316,000. By targeting inactive […]

VFinance Investments Inc. of Boca Raton, FL, was 1.) fined $27,500 by FINRA for alleged failure to immediately publish a bid for several OTC securities that were higher than earlier bids, and 2.) fined $17,500 and ordered to pay $2,617 to customers for failure to use the most favorable prices for customers in the sale […]

Susan M. Diamond, Lake Worth, FL was fined $10,000 by the Financial Industry Regulatory Authority (FINRA) and received a four month suspension. Felix Investment, the New Jersey based firm she worked with, was additionally fined $300,000 and Frank G. Mazzola who is part owner of Felix, was barred from the industry by FINRA. According to […]

BENJAMIN L. GRANT, financial advisor, and his firm Sage Advisory Group based in Boston, were found liable for fraud by a federal jury in Massachusetts. This case was originally filed in 2010 by the Securities and Exchange Commission (SEC). According to the SEC's complaint, allegedly Benjamin Lee Grant of Boston persuaded his former brokerage customers […]