Soreide Law Group is currently investigating the following funds on behalf of clients: MM Community Funding II and III, South Coast Funding Ltd. II, and Fort Point CDO I, Ltd. Some of these funds were sold by Citigroup and/or Morgan Stanley. MM Community III is a collateralized debt obligation(CDO), which closed April 10, 2002. MM […]

Three arbitrations have been filed by Soreide Law Group on behalf of seven clients, against Jason Figueroa of the GMS Group. These clients live in Pennsylvania, Aventura, Florida, and Delray Beach, Florida. Mr. Figueroa works out of the Boca Raton, Florida office of the GMS Group. The lawsuits, all filed with the Financial Industry Regulatory […]

Three arbitrations have been filed by Soreide Law Group on behalf of seven clients, against Jason Figueroa of the GMS Group. These clients live in Pennsylvania, Aventura, Florida, and Delray Beach, Florida. Mr. Figueroa works out of the Boca Raton, Florida office of the GMS Group. The lawsuits, all filed with the Financial Industry Regulatory […]

The Florida Office of Financial Regulation is investigating allegations that several companies and individuals sold CDs to investors, primarily elderly, by falsely claiming the CDs were insured by the Federal Deposit Insurance Corp.(FDIC). A Brevard County Circuit Court issued an injunction on Nov. 27th. against First Merchant Capital LLC, Capstar Industries LLC, Southeast Mutual Insurance […]

Joseph Lombardo, the 72-year-old founder of Ohio-based Prim Capital Corporation, has pleaded guilty in Manhattan Federal Court, on November 14th., to mail fraud and conspiracy to obstruct justice. Joseph Lombardo faces a possible 20 year sentence in prison. He is scheduled for sentencing March 20th. It was alleged that Lombardo used a stamp to forge […]

Joseph Lombardo, the 72-year-old founder of Ohio-based Prim Capital Corporation, has pleaded guilty in Manhattan Federal Court, on November 14th., to mail fraud and conspiracy to obstruct justice. Joseph Lombardo faces a possible 20 year sentence in prison. He is scheduled for sentencing March 20th. It was alleged that Lombardo used a stamp to forge […]

Soreide Law Group is investigating stock brokers who sold the BlackRock Municipal Target Term Trust Symbol “BTT” to elderly risk adverse investors. The BlackRock Municipal Target Term Trust’s stated objectives are to provide current income that is exempt from regular federal income tax and to return $25.00 per common share (the initial public offering price […]

The following summation was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2013.” Paul David Arnold (CRD #2278472, Registered Principal, Clearwater, Florida) was barred from association with any FINRA member in any capacity. Arnold did not pay restitution because the customer sought and obtained treble damages ('treble' is a term that indicates […]

The following summation was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2013.” Paul David Arnold (CRD #2278472, Registered Principal, Clearwater, Florida) was barred from association with any FINRA member in any capacity. Arnold did not pay restitution because the customer sought and obtained treble damages ('treble' is a term that indicates […]