According to FINRA’s BrokerCheck, ANDREW DAVID BUSCH (Andrew D Busch), a former broker with THRIVENT MANAGEMENT, INC. of Detroit Lakes, Minnesota, was discharged in April of 2023 from Thrivent following the allegations of, “The RRs (registered representative’s) association with the Firm was terminated for misrepresenting to the Firm the authenticity of customer signatures on a […]

Jermaine K Benjamin (Jermaine Kahlil Benjamin) was barred by the Financial Industry Regulatory Authority (FINRA) from acting as a broker or otherwise associating with a broker/dealer firm on June 7, 2023. Benjamin was previously registered both as a broker and as an investment advisor. According to the FINRA report, without admitting or denying FINRA’s findings, […]

SCOTT JAY MATALON (SCOTT J MATALON) has been barred by FINRA from acting as a broker or otherwise associating with a broker-dealer firm. On June 6, 2023, without admitting or denying FINRA’s findings, SCOTT J MATALON consented to the sanction and to the entry of findings that he allegedly refused to provide documents and information […]

Soreide Law Group, based in Florida, is currently investigating claims made against the former CROWN CAPITAL SECURITIES, LP of Land o’ Lakes, Florida, broker, DENNIS MICHAEL HAYWOOD II (DENNIS M HAYWOOD II, DENNY HAYWOOD). According to FINRA’s BrokerCheck, available to the public on FINRA’s website, DENNIS M HAYWOOD II has been in the securities industry […]

Soreide Law Group is currently investigating claims against broker, Jason Walsh, currently with PHX Financial, Inc. of Hauppauge, New York.  According to FINRA’s BrokerCheck there is a “Customer Dispute” alleging damages of $3,767,261.79. Walsh was previously listed with Network 1 Financial Securities also of Hauppauge, New York. Jason Walsh’s BrokerCheck CRD report lists 4 Disclosures. […]

DOUG MARSHALL MCKELVEY (CRD#: 4502849, DOUGLAS MCKELVEY), a former Morgan Stanley of Southlake, Texas, broker who was barred by FINRA in August, 2022, has pleaded guilty to misappropriating approximately $1.5 million from clients.  This was reported by the US Attorney’s Office for the Eastern District of Texas. According to the US Attorney’s Office, 58 year-old […]

Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: DEMPSEY LORD SMITH, LLC.(Respondent) The Claimant is a resident of North Carolina. The lawsuit states that the Claimant maintained an investment relationship with the Respondent and their former Financial Advisor, Joe Pat Roop. Joe Pat Roop is not named in […]

MARK ALLEN BREWER, a broker/financial advisor from Wells Fargo Clearing Services, LLC of Riverside, California has been suspended by FINRA for 45 days for allegedly designating his friend as beneficiary of a client account. Brewer also was fined $5,000 by FINRA. Without admitting or denying FINRA’s findings, MARK ALLEN BREWER consented to the sanctions and […]

The Financial Industry Regulatory Authority (FINRA) has barred Christopher J Carpenter, a former Major League Baseball pitcher who became a financial advisor, formerly with LPL Financial in Charlotte, North Carolina, from the industry for allegedly failing to provide information relating to an investigation of unauthorized real estate investments, according to a recent article in Barron’s. […]