MORGAN STANLEY (Respondent) recently had a FINRA arbitration filed against them by customers of DEREK MICHAEL JOHNSON. The Claimants, who reside in California, maintained accounts with the Respondent and their registered representative, DEREK MICHAEL JOHNSON (DEREK M JOHNSON). Johnson is not named in the lawsuit. The lawsuit alleges that the Claimants did not wish to speculate with their savings […]

ALI BARRY MAHLOOJI is currently registered as a broker with PHX FINANCIAL, INC., in New York, NY.  Mahlooji has been with PHX FINANCIAL since 12/16/2019.  He was previously registered with NATIONAL SECURITIES CORPORATION in Jersey City, New Jersey from 11/20/2012 - 12/17/2019. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, ALI BARRY […]

BETSY LOU WHIPPLE (BETSY L WHIPPLE, BETSY WHIPPLE) has been registered both as a broker and financial advisor since 6/14/2024 with OSAIC WEALTH INC. of Hiko, Nevada.Before Osaic Wealth, Whipple was registered with SECURITIES AMERICA ADVISORS, INC of Hiko Nevada from 05/15/2024 - 06/14/2024, and previously Whipple was with NEWBRIDGE FINANCIAL SERVICES GROUP, INC. of […]

The South Florida-based Soreide Law Group has been contacted by investors, particularly those who had been recommended GWG L-bonds from the former NEWBRIDGE SECURITIES CORPORATION of Boca Raton, Florida, broker, PETER LEWIS GOFFIN (PETER L GOFFIN).  Goffin was previously registered both as a broker and as an investment advisor.  PETER L GOFFIN was with NEWBRIDGE […]

Soreide Law Group is investigating claims that securities firms and/or financial advisors may have recommended to their clients they invest in Hartman vREIT XXI Inc and Silver Star Properties REIT Inc (formerly Hartman Short Term Income Properties XX Inc.). Investors may have claims to recover their investment losses through a securities arbitration before the Financial […]

In July of 2024, LifeMark Securities Corporation and its registered representative, Geoffrey (Geoff) Wolterstorff, were censured by the Securities and Exchange Commission (SEC) for allegedly violating Regulation Best Interest (“Reg BI”) rules. LifeMark Securities Corporation was censured, ordered to pay $4,410 in disgorgement, and fined a civil penalty of $85,000. Geoffrey Wolterstorff was censured, ordered to […]

On May 25, 2025, the Financial Industry Regulatory Authority issued a series of disciplinary actions against broker/dealer, David Lerner Associates Inc. (DLA), and several of the company’s associates for allegedly recommending unsuitable investments in proprietary, illiquid, energy-focused limited partnerships to retail customers, including seniors and unsophisticated investors. According to a recent article from InvestmentNews, David […]

KATIE WEI (LANTING WEI) has been registered as a broker and as an investment advisor with AMERIPRISE FINANCIAL SERVICES, LLC, REDWOOD CITY, CA since 2/26/2025.  Before Ameriprise, KATIE WEI was listed as a broker with CETERA INVESTMENT SERVICES LLC OF ARCADIA, CA from 06/05/2015 - 11/21/2024, and as an investment advisor with CETERA INVESTMENT ADVISERS LLC […]

The Tampa, Florida-based Calton & Associates, Inc. has agreed to pay $37,500.00 to settle Financial Industry Regulatory Authority (FINRA) charges that it allegedly violated municipal securities rules, including allegedly failing to disclose required mark-up and mark-down information on hundreds of retail customer confirmations. According to an article from Fidelity.com, the $37,500.00 fine for violating Municipal […]