Latest Securities Lawyer News

Florida-based Soreide Law Group obtained the following information on FINRA’s website under, “Disciplinary and Other FINRA Actions, August 2016.” Sonia Giannetti (CRD #5922748, Coral Springs, Florida) was assessed a deferred fine of $10,000 and suspended by FINRA for two years for allegedly withholding documents in FINRA information requests, produced false and misleading responses to FINRA […]

The Florida-based Soreide Law Group obtained the following information on FINRA’s website under, “Disciplinary and Other FINRA Actions, August 2016.” Newbridge Securities Corporation (CRD #104065, Boca Raton, Florida) was censured, fined $115,000 and required to pay $188,803.99 in restitution to their clients.. Newbridge Securities Corporation has paid full restitution, plus statutorily calculated interest, and provided […]

Dublin, Ohio, financial advisor, JON B. SCHMIDHAMMER (CRD# 1548931), 62, was indicted by a grand jury Monday, August 15, 2016, on one count of theft from a person in a protected class and unlawful securities practices. Schmidhammer is accused of allegedly stealing a half-million dollars from his elderly client’s account and is now facing two […]

There has been a lawsuit filed by an investor in a hotel at Jay Peak Vermont against Raymond James Financial in Miami Federal Court. The plaintiff alleges that Raymond James Financial aided and abetted the developers of the Jay Peak Resort in diverting $200 million in immigrant investor funds. The lawsuit alleges that Ariel Quiros […]

Atlas Resource Partners, L.P. (ARP)  has filed for Chapter 11 bankruptcy, Wednesday, July 27, 2016, after negotiating a plan to eliminate $900 million of debt off its books which will reduce interest expenses by $80 million. This restructuring will reduce the oil and gas producer’s debt, but could leave its investors with a hefty tax […]

Securities Lawyer, Lars Soreide, Esq., of Soreide Law Group, was recently quoted in an article from the New York-based “FinancialPlanning” regarding recent FINRA arbitrations filed on behalf of clients against financial advisor, George Merhoff, Jr., and the firm Cetera Advisors LLC, of Denver, Colorado, for Merhoff allegedly selling oil and gas investments in large concentrations […]

Soreide Law Group recently filed a FINRA arbitration on behalf of their client against WELLS FARGO ADVISORS LLC, (“Wells Fargo”),  and Wells Fargo advisor John B. Leonard (CRD# 2113842). The Claimant, is a 58 year old retiree from Ohio, who lives off the income generated from her investments and her teacher’s pension. Her investment objective […]

F The following information was obtained by Soreide Law Group (888-760-6552) from FINRA’s website under, “Disciplinary and Other FINRA Actions, July 2016.” LIZABETH G. TY (CRD #4737319, Sugarland, Texas) Alternate Names: LIZABETH ROWENA GOTUACO, BETH GOTUACO TY was barred by FINRA for allegedly failing to provide FINRA with requested documents and information during the course […]

The Soreide Law Group (888-760-6552) obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions, July 2016.” David Michael Miller (CRD #5461431, Columbus, Ohio) was barred by FINRA, required to pay a total of $799,161.07, plus interest, in restitution to clients, and required to pay to FINRA a fine of $15,161.54, plus […]