Below is an article written by Bruce Kelly, of InvestmentNews, October 3rd, 2013, quoting Lars Soreide of Soreide Law Group, PLLC, on the filing of a FINRA arbitration over the sale of UBS Puerto Rican Bonds. "UBS FACING LEGAL FIGHT OVER PUERTO RICO BOND FUNDS GONE SOUTH Values slump after more than $10B sold to […]

The Financial Industry Regulatory Authority, FINRA, has charged John Carris Investments LLC of New York with defrauding and misleading its investors. Invictus Capital Inc, which owns Carris, sold stock in Fibrocell Science Inc (FCSC) while at the same time selling its own shares in the biotechnology company, FINRA said recently. FINRA alleges Carris mislead investors […]

Soreide Law Group is currently filing FINRA arbitrations against UBS on behalf Investors in Puerto Rican Bond Funds through UBS, Banco Popular and Banco Santander. Soreide Law Group is investigating claims for the following Puerto Rican Bond Funds: UBS Financial Services of Puerto Rico Inc.; UBS Trust Company of Puerto Rico; Puerto Rico Fixed Income […]

Soreide Law Group is currently filing FINRA arbitrations against UBS on behalf Investors in Puerto Rican Bond Funds through UBS, Banco Popular and Banco Santander. Soreide Law Group is investigating claims for the following Puerto Rican Bond Funds: UBS Financial Services of Puerto Rico Inc.; UBS Trust Company of Puerto Rico; Puerto Rico Fixed Income […]

A 68-year-old Tucson, Arizona financial advisor, James Murphy, has been sentenced to serve more than two years of probation and perform 1,000 hours of community service in a charity theft case. Murphy was also ordered to pay $115,000 of restitution and a $46,000 fine. He paid the fines on September 27, 2013. James Murphy pleaded […]

Edward H. Kahler, 64, the owner of Key Resources, a Kenmore, Washington, retirement consultation company which sells annuities and life insurance, was arrested on September 30th., 2013, for suspicion of a federal mail fraud charge, according to U.S. Attorney Jenny A. Durkan. Kahler is accused of liquidating the account of a deceased client without authorization. […]

There was a FINRA arbitration filed against Raymond James Financial for alleged over-concentration into risky oil and gas Canadian Royalty Trust stocks. The case alleges that the investors, a retired man in his 60s, and his mother who is 90 years-old, had brokerage accounts with Raymond James Financial, Inc. Their financial advisor recommended that they […]

There was a FINRA arbitration filed against Raymond James Financial for alleged over-concentration into risky oil and gas Canadian Royalty Trust stocks. The case alleges that the investors, a retired man in his 60s, and his mother who is 90 years-old, had brokerage accounts with Raymond James Financial, Inc. Their financial advisor recommended that they […]

Sean Francis Sheridan has been barred by FINRA for alleged excessive trading, also know as churning. FINRA's investigation found that he executed 205 excessive mutual fund trades with eight customer’s from January, 2007, through December, 2009. Sheridan effected these trades on a short-term basis of approximately four to five months, increasing customer losses while also […]