The Soreide Law Group, (888) 760-6552, recently obtained the summation of information from FINRA’s website listed as “Disciplinary and Other FINRA Actions, February, 2014.” Shelby Lee Bowles (CRD #1982481, Registered Principal, Newburg, Maryland) has been fined $40,000 and suspended by FINRA for 10 months. Shelby Bowles consented to the sanctions and findings that he was […]

The following summation of information was found on FINRA's website under "Disciplinary and Other FINRA Actions, February, 2014." Robert Lee Bateman (CRD #1459540, Registered Representative, Ogden, Utah) was fined $25,000 and suspended by FINRA for 18 months. Robert Bateman consented to the sanctions and findings that he accepted gifts from clients totaling $151,000 and borrowed […]

Soreide Law Group, (888) 760-6552, obtained this summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, February, 2014.” Charles William Apodaca (CRD #1604427, Registered Principal, Eagle, Idaho) has been barred by FINRA after consenting to the sanction that he effected the purchases of securities in customers' accounts without receiving the authorization by […]

The Soreide Law Group, (888) 760-6552, obtained the following summation of FINRA's report from FINRA’s website under “Disciplinary and Other FINRA Actions, February, 2014.” Tracy Philander Holloway (CRD #5777595, Registered Representative, Winterville, North Carolina) was barred by FINRA for allegedly opening an insurance agency and filing fraudulent claims under the policies held by his clients. […]

This summation of information was found on FINRA's website under "Disciplinary and Other FINRA Actions, February, 2014." Carlo Wayne Corzine (CRD #1928723, Registered Principal, Boca Raton, Florida) was suspended by FINRA for 30 days. According to FINRA's investigation, Corzine sold more than 152 million unregistered shares of a thinly-traded OTC security for his clients, which […]

The Soreide Law Group is currently investigating possible legal action against the financial advisors/stock brokers who recommended the Lakeside 370 Levee District bonds of St. Charles County, Missouri, to their customers. The area’s levee district failed to make interest payments that were due to more than 200 owners of $33.9 million in bonds which had […]

James Y. Lee, La Jolla, California, was charged by the SEC on February 13, 2014, for allegedly defrauding his advisory clients by charging a management fee up to 50% of the client's monthly profits and told clients that he would share 50% of their losses. When the clients lost, he did not reimburse them his […]

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A Texas appeals court reversed a lower-court ruling making the Life Partners Inc.’s life-settlement policies now regulated under state securities laws, which had previously found the policies didn’t qualify. Life Partners Holdings buys the rights to death benefits from the policyholder in exchange for a lump-sum payment. The State of Texas accused Life Partners Holdings […]