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 […]

According to a recent article in InvestmentNews, the Financial Industry Regulatory Authority Inc. (FINRA) recently barred, ANDREW JOSEPH EGBER, a former Wells Fargo Advisor broker from Maryland. Egber was accused of alleged theft by his former employer. According to the article, Egber was not barred from the securities industry for any theft allegations but he […]

Soreide Law Group is investigating possible losses incurred by current and past clients of GREGORY GASTON GIBSON (Greg Gibson).  Gibson is currently registered with, DEMPSEY LORD SMITH, LLC, 439 CONGAREE ROAD, GREENVILLE, SOUTH CAROLINA, and has been with this firm, registered both as a broker and financial advisor since 2012. According to FINRA’s BrokerCheck, available […]

Under the federal securities laws, a company may not offer or sell securities unless the offering has been registered with the SEC or an exemption from registration is available – also known as a private placement or an unregistered offering. One of the benefits to an exempt offering is not going through the time and expense of registering […]