On July 25th., 2014, the Financial Industry Regulatory Authority (FINRA) charged five brokers formerly with New York based, Newport Coast Securities Inc. According to FINRA's charges, allegedly the brokers, Andre LaBarbera, David Levy, Antonio Costanzo, Douglas Leone, and Donald Bartelt churned 24 customers accounts from September, 2008 through May, 2013. Allegedly the five brokers used […]

DAVID W. JOHNSON (CRD# 1010443), a 55 year-old former JP Turner broker from Keller, Texas, is facing felony theft charges in Iowa. Johnson is charged with four first degree theft charges, after complaints from residents in Pocahontas, Coon Rapids, Algona and Fort Dodge, Iowa, came to light. According to reports, allegedly Johnson took over $10,000 […]

Soreide Law Group, (888) 760-6552, based in Fort Lauderdale, Florida, recently obtained the following summary of information located on FINRA’s website, under “Disciplinary and Other FINRA Actions, July, 2014.” John Frederick Wolle (CRD #5479607, Riviera Beach, Florida) was barred by FINRA for allegedly falsifying and forging a client’s signature on an annuity application without the […]

Claude Darrell McDougal, 55, Charlotte, NC, pleaded guilty in US District Court to securities fraud. McDougal was accused of running a Ponzi scheme, bilking approximately twenty-five of his Charlotte investors out of $2.5 million between 2006 and 2010. McDougal faces up to 20 years in prison and a $5 million fine. Allegedly, McDougal's told clients […]

Fort Lauderdale, Florida, based Soreide Law Group, (888) 760-6552, has obtained the following summary of information from FINRA’s website, under “Disciplinary and Other FINRA Actions, July, 2014.” Kevin Anthony Tuttle (CRD #2414158, Orlando, Florida) was fined $50,000 and suspended by FINRA for two years. Tuttle, as an outside business activity, obtained permission from his firm […]

The Soreide Law Group, (888) 760-6552, based in Fort Lauderdale, Florida, has obtained the following summary of information from FINRA’s website, listed under “Disciplinary and Other FINRA Actions, July, 2014.” Oilda Caridad Hernandez (CRD #1076766, Miami, Florida) was barred by FINRA because she failed to appear for an FINRA requested investigation. FINRA stated that they […]

On July 21, 2014, California officials said a $20.4 million judgment was obtained against Synergy Oil LLC, a Newport Beach firm, and company manager, Robert Falco, for fraudulently marketing oil and gas investments. The judgment was ordered in late June in Orange County Superior Court. The judge ordered the defendants to return the money clients […]

The Fort Lauderdale-based Soreide Law Group, (888) 760-6552, obtained the following summary of information from FINRA’s website, under “Disciplinary and Other FINRA Actions, July, 2014.” Ann Maria Ferrao (CRD #4481123, Miami, Florida) was barred by FINRA for refusing to appear before FINRA and testify in an investigation into allegations that she misappropriated funds from her […]

Fort Lauderdale-based Soreide Law Group, (888) 760-6552, has obtained the following summation of information from FINRA’s website, under “Disciplinary and Other FINRA Actions, July, 2014.” John Warren DuBrule (CRD #1223724, Orlando, Florida) was barred by FINRA for allegedly engaging in securities fraud by the distribution of quarterly statements containing false information about the valuation of […]