On May 8th., 2013, FINRA, the Financial Industry Regulatory Authority Inc. fined three financial companies $900,000 in total, for failing to stop money laundering and other suspicious transactions, and officials at the firms were fined a total of $100,000. “Today's actions reinforce FINRA's continued focus on firms' ability to identify and respond to potential misuse […]

Did your broker/financial advisor sell you an investment in Diversified Lending Group, Inc., and Applied Equities, Inc? The SEC alleges that DLG and AEI raised at least $216 million from hundreds of investors nationwide, many of whom are senior citizens, by promising guaranteed high returns through real estate-related investments. The complaint alleges that the directors […]

Soreide Law Group is currently investigating claims against Great American Advisors, and its former broker, David Brouwer. Brouwer allegedly had made misrepresentations about equity-linked notes that he recommended to some of his clients in 2007 and 2008. In 2011, the SEC issued an Order Instituting Administrative and Cease-and-Desist Proceedings against Brouwer, which barred Brouwer from […]

The Allen Konrad Meridian Redevelopment Value Fund is a limited partnership formed for the purpose of investing in real estate and other entities. This fund was initially offered through Alterna Wealth Management (formerly Allen Konrad Asset Management) located in Boca Raton, Florida. There is often high risk, and may have been marketed to a client […]

There were allegations filed with the Financial Industry Regulatory Authority or FINRA Dispute Resolution, which state that a broker-dealer with AXA Advisors in Orange County, California, persuaded a retired couple, and a retired woman, to invest in essentially worthless and inappropriate investments. This alleged Ponzi scheme preyed on retired Filipino-Americans. The clients allege that the […]

FINRA, the Financial Industry Regulatory Authority Inc., is alerting broker-dealers to a number of shortcomings in how they communicate with investors about non-traded real estate investment trusts (REITs). According to FINRA, broker-dealers are falling short in a some areas, including distributing materials that contain misleading and inaccurate statements about the potentials of investing in illiquid […]

Soreide Law Group, PLLC, is committed to helping victims recover investment losses due to fraudulent or negligent conduct on behalf of their broker or financial advisors. We are able to represent investors nationwide in the handling of their securities arbitration claims. Our practice focuses on recovering investment losses due to stockbroker negligence or securities fraud. […]

Soreide Law Group is investigating claims on behalf of investors that purchased the Insight Real Estate LLC debenture. The Insight private placement was a highly illiquid investment that should have been sold to extremely aggressive, accredited investors. Pursuant to NASD Notice to Members 03-71, firms selling Insight were mandated to: (1) Perform due diligence to […]

Unfortunately, the investors in the large Chinese Internet companies, especially in the past two years, have lost a major part of their investments. Baidu (BIDU), is down 40 percent, Sina (SINA) down 60 percent, and Renren (RENN) down 85 percent. The once popular investments are now finding a huge decline. The decline can be attributed […]