On May 8, 2024, KEVIN ELIJAH DAVIS (KEVIN E DAVIS), was barred by FINRA from acting as a broker or otherwise associating with a broker/dealer firm, according to FINRA’s BrokerCheck. Davis was registered as a broker and as an investment advisor. KEVIN E DAVIS was with LPL FINANCIAL INC of Dallas, Texas from 09/08/2009 until […]

Soreide Law Group is currently investigating claims regarding, NARONGDEJ JAROENSABPHAYANONT (JAY JAROENSABPHAYANONT), a broker previously listed with VOYA FINANCIAL ADVISORS INC  of  Bellevue, Washington. NARONGDEJ JAROENSABPHAYANONT was with Voya from 05/29/2008 until 11/13/2019. On February 8, 2023. Jaroensabphayanot was barred by FINRA following the allegations, “Respondent Jaroensabphayanont failed to comply with an arbitration award or […]

On June 10, 2024, IMDADUR RAHMAN (IMADUR ‘GINO’ RAHMAN) a former Merrill Lynch, Pierce, Fenner and Smith Inc. of Bloomfield Hills, Michigan, financial advisor, was barred from the industry by FINRA. Rahman had been terminated by Merrill Lynch, Pierce, Fenner and Smith Inc. amid allegations of misconduct in his dealings with an elderly client, according […]

Soreide Law Group is investigating allegations brought against broker, GIHAN ANIL FERNANDO (also known as: GIHAN RAPHAEL FERNANDO, RAPHAEL FERNANDO) a broker currently listed with CETERA INVESTMENT SERVICES LLC of Houston, Texas, since January of 2024 and formerly with BOK FINANCIAL ADVISORS of Bellaire, Texas. According to FINRA’s BrokerCheck, available to the public on FINRA’s […]

According to a recent article in Financial Advisor, the Securities and Exchange Commission (SEC) ordered investment advisor RAYMOND LAWRENCE LENT (RAYMOND L LENT, RAY LENT) and his San Rafael, California-based firm, Putney Financial Group, to pay a settlement of approximately $1.1 million for alleged breaches of fiduciary duty and failure to provide accurate disclosures. Ray […]

In a recent article from Think Advisor, we learn that the Financial Industry Regulatory Authority (FINRA) has censured and fined Thrivent Investment Management, $325,000 for failing to establish and maintain a supervisory system to detect electronic signature forgery or falsification. According to FINRA’s order, from July 2017 to the present, approximately 15 Thrivent registered representatives allegedly […]

Within Regulation D, Forms 506(b) and 506(c) serve as key mechanisms for companies seeking to raise capital while adhering to specific rules and requirements. The distinctions between these two rules can have significant implications how a private fund approaches fundraising: When should you use a Form 506(b) vs 506(c)?Regulation D Form 506(b) is one of […]

On May 21, 2024, GARY ALAN KIEPER, was barred by the Financial Industry Regulatory Authority (FINRA).  KIEPER is a former broker with Thrivent Investment Management of Antigo, Wisconsin alleged to have embezzled hundreds of thousands of dollars from a Wisconsin town and fire department. According to an article from Financial Advisor IQ, earlier this month, […]

In a recent article from Financial Advisor IQ, they stated that a former financial advisor, Eddy Ray Blizzard, from Maryland has been sentenced to prison for three and a half years for misappropriating the life savings of an elderly client.  Blizzard, who is from Havre de Grace, Maryland, had plead guilty in December to bank […]