Soreide Law Group obtained the following information from FINRA’s Disciplinary Reports: Walter Rae Chao (CRD #4665787, Redwood City, California) was assessed a deferred fine of $30,000, suspended by FINRA for two years and required to requalify as a general securities principal by passing the Series 24 examination before associating with any FINRA member firm as […]

The following article appeared in “Financial Planning” on January 13th., 2016, and quotes Lars Soreide, Esq. of Soreide Law Group. This is a portion of that article: “Barred Advisor’s $2M Ponzi Scheme Pits Ex-Client Against Firm By Andrew Welsch January 13, 2016 Last year authorities charged a now-barred advisor with running a $2 million Ponzi […]

Goodrich Petroleum Corporation (NYSE:GDP) today, January 14, 2016, announced that it received notification from the New York Stock Exchange (NYSE) that the NYSE has commenced proceedings to delist the common stock as a result of the NYSE's determination that the common stock was no longer suitable for listing on the NYSE based on "abnormally low" […]

In a recent article in Reuters, they state that analysts at Wells Fargo Securities wrote that oil prices below $40 per barrel are not sustainable for most producers and high cost structures are expected to push more oil producers into restructurings or bankruptcies in the next 12-18 months. Call Our Securities Lawyers To File Your Claim […]

Have you experienced investment losses after your broker/financial advisor recommended the energy related stock Southcross Energy Partners, L.P. (SXE)? The company’s quarterly dividend was just suspended. Call Soreide Law Group for a no-cost consultation with a lawyer to discuss the possibility of recovering your losses at: 888-760-6550. SXE’s 52-week range was 1.12 - 16.20 Southcross […]

Have you experienced investment losses due to your broker/financial advisor recommending the energy-related stock Teekay Offshore Partners LP (TOO)? Call Soreide Law Group for a no-cost consultation with a lawyer to discuss the possibility of recovering your losses at: 888-760-6550. TOO’s 52-week range was 3.68 - 24.74. Teekay Offshore Partners L.P. provides marine transportation, oil […]

Did your broker recommend purchasing Legacy Reserves LP (LGCYP)? Legacy’s 52 week range was 4.97 - 21.90. Legacy Reserves LP owns and operates oil and natural gas properties in the United States. As of December 31, 2014, the company owned interests in producing oil and natural gas properties in 665 fields comprising 11,121 gross productive wells, […]

Soreide Law Group recently filed a FINRA arbitration against UBS for oil investment losses. The 52 year-old Claimant from New York, alleges that the master limited partnerships "MLPs" and other oil and gas related investments were inappropriate for him.  The Claimant also named his UBS broker in the lawsuit. Under the management of his UBS […]

Soreide Law Group obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions December 2015.” JOSEPH R. BUTLER (CRD# 2447535 Brandywine, Maryland) was barred by FINRA and ordered to pay $170,408.18, plus interest, in restitution to his former client. The NAC affirmed the hearing panel’s findings that Butler allegedly converted an elderly […]