The Soreide Law Group, (888) 760-6552, has obtained the following summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2014.” Timothy John Coyle (CRD #2437046, Registered Representative, Palm Harbor, Florida) was recently fined $5,000 and was suspended from December 2, 2013, through June 1, 2014. Without admitting or denying the findings, […]

Many national brokerage firms, such as JP Turner and Co., sold investment notes of real estate investor Tony Thompson that promised high yields. The TNP 12% notes sold by JP Turner and other brokerage firms, are the subject of a Financial Industry Regulatory Authority Investigation (FINRA). As much as $50 million was raised through the […]

Maxwell B. Smith III, 73, of Fair Haven, N.J., was sentenced to 15 years in prison for using $9.8 million of his elderly clients' savings to pay his mortgage, home renovations and vacations to France. Smith pleaded guilty to first-degree money laundering. Smith operated a $9 million Ponzi Scheme, Health Care Financial Partners, for 17 […]

The following summation of information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2014.” Irving Marvin Burstein (CRD #1218326, Registered Principal, Boynton Beach, Florida) was suspended for one year and required to cooperate with FINRA or any other regulator in investigations and hearings related to his member firm. Burstein was his […]

James F. Liebes, a securities dealer from Paradise Valley, Arizona, was ordered to pay more than more than $759,000 for selling fake stock shares to investors. Not only was Liebes selling stock in publicly traded companies that he didn't own, he wasn't registered to sell securities in the State of Arizona. James F. Liebes and […]

Soreide Law Group, (888) 760-6552, has obtained the following summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2014.” Jinesh Pravin Brahmbhatt (CRD #2491299, Registered Representative, Potomac, Maryland) was barred from association with any FINRA member in any capacity. Brahmbhatt failed to appear and testify at a disciplinary proceeding regarding a […]

The list below represents 25 of the worst performing stocks of 2013.  Name Symbol-Close-Net Chg-%Chg-Volume-52WkHigh-52WkLow-YTD % Chg 1 Prospect Global Resources PGRX 1.74 -0.05 -2.79 49,036 91.00 1.50 -97.60 2 Desarrolladora Homex ADS HXM 1.17 ... ... 613,242 14.96 1.08 -90.63 3 NewLead Holdings NEWL 1.77 0.12 7.27 652,171 122.85 1.14 -90.17 4 Golden […]

In a recent article from Forbes, the worst performing biotech stocks from 2013 were listed. Of the companies that posted negative results, the worst damage came to those that presented bad clinical data or had run-ins with the U.S. Food and Drug Administration. The Worst-Performing Biotech Stocks of 2013 CLSN Celsion Corporation 52.9 -89.4 ASTM […]

Former Honolulu, Hawaii, ING financial advisor, Bruce Harada, 57, was sentenced to 20 years in prison for stealing more than $2.5 million in retirement money from 21 current and former city employees. The judge also ordered Harada to pay back his former employer, ING North American Corp., more than $1.8 million it reimbursed Harada's victims. […]