Latest Securities Lawyer News

Soreide Law Group (888-760-6552) obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions, July 2016.” Miguel Angel Hernandez (CRD #4733002, El Paso, Texas) was barred by FINRA for allegedly obtaining $25,000 in cash from an elderly client under false pretenses and converted those funds for personal use. FINRA’s findings stated that […]

Soreide Law Group was recently retained to file claims against Proequities, Inc. of Otsego, Minnesota, regarding investment recommendations made by its former registered representative, BRADLEY J. FREIMARK (CRD# 2883389) Alternate Names: BRADLEY JOHN FREDMARK, BRAD FREIMARK. Mr. Freimark held several lunch seminars where investors were sold REITs such as Behringer Harvard and private placements such […]

BRADLEY T. SMEGAL (CRD# 716056), a 63 year-old former Wells Fargo investment adviser in Minnealpolis is facing federal securities fraud charges for allegedly stealing more than $5 million from clients. In a statement released July 19, 2016, Minnesota U.S. Attorney stated that Bradley T. Smegal is facing two counts of securities fraud. Allegedly from 2007 […]

The Florida-based Soreide Law Group (888-760-6552) obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions, July 2016.” Talman Anthony Harris (CRD #3209947, Garden City, New York) was barred by FINRA for allegedly fraudulently omitting material facts when soliciting purchases of securities and engaged in outside business activities without providing his member […]

Shares in Bonanza Creek Energy Inc (BCEI) plummeted 36.84% in Wednesday’s trading after the company announced it hired Perella Weinberg Partners on retainer to help explore restructuring options. The Denver-based company is looking for help in analyzing and evaluating financial alternatives, according to a report filed with the Securities and Exchange Commission. Investors didn't appreciate […]

The Pompano Beach, Florida-based Soreide Law Group (888-760-6552) obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions, July 2016.” Kovack Securities Inc. (CRD #44848, Ft. Lauderdale, Florida) Kovack Securities Inc. was censured, fined $125,000 and ordered to pay $119,319.27 in restitution to their clients. The firm has paid full restitution and […]

Soreide Law Group (888-760-6552) obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions, July 2016.” BrokerBank Securities, Inc. (CRD #130116, Minnetonka, Minnesota) and Philip Paul Wright (CRD #2453688, Eden Prairie, Minnesota) BrokerBank Securities, Inc. was censured and fined, jointly and severally, $15,000 with Philip P. Wright. Wright was separately fined $10,000 […]

The South Florida-based Soreide Law Group (888-760-6552) obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions, July 2016.” James P. Scullin (CRD #1577362, Miami, Florida) was assessed a deferred fine of $15,000 and suspended by FINRA for nine months for allegedly placing an unauthorized trade in a client’s account. FINRA’s findings […]

Nearly 80 energy-related companies have filed for bankruptcy since 2015 due to the plummeting prices of crude oil.  Soreide Law Group continues to hear from a growing list of investors whose brokers recommended a high-concentration of risky oil and gas stocks for their conservative portfolios causing devastating losses to their, in many cases, retirement portfolios. […]