Derek J Rehill was suspended for two months by the Financial Industry Regulatory Authority (FINRA) for alleged issues related to documentation of telephone calls with clients. Rehill was  working with Joseph Stone Capital, LLC of Mineola, New York, at the time of the allegations. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, […]

According to a recent Bloomberg article, Rashawn Russell, 27, a former Deutsche Bank investment banker, was arrested and accused by US prosecutors of defrauding multiple investors. Russell was charged with allegedly engaging in a Ponzi-like cryptocurrency fraud in which he falsely promised investors guaranteed returns.  He allegedly used the money for his own personal expenses, […]

PAUL RICHARD MCGONIGLE (Paul R McGonigle), 67, a Middleboro, Massachusetts, financial advisor pleaded guilty in federal court in Boston for defrauding his elderly and otherwise vulnerable clients and stealing the victims’ retirement assets. According to the press release from the US Attorney's Office, District of Massachusetts, Paul R McGonigle pleaded guilty to one count of […]

FINRA reports important information about securities broker Justin Allen Anderson (CRD: 6389728, Austin, Texas). Not only has FINRA sanctioned Anderson for failing to testify when the regulator investigated him, but investors disputed his sales practices. However, Anderson denies the allegations. Read on to learn more about the allegations against Anderson. FINRA Sanctions Anderson For Failure […]

According to FINRA’s BrokerCheck, on April 6, 2023, WILLIAM FORREST WINCHESTER III (William Winchester III) was barred by FINRA for allegedly borrowing money from clients and concealing the loans from compliance officers. Without admitting or denying FINRA’s findings, William Winchester III consented to the sanction and to the entry of findings that he allegedly borrowed […]

Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: CETERA INVESTMENT SERVICES LLC(Respondent) The Claimant lives in South Carolina and is in her 60s.  The Claimant maintained investment accounts with Cetera and its Financial Advisor, AUSTIN H FOX. The lawsuit alleges that the Claimant was introduced to Cetera’s former […]

According to a recent article in Financial Advisor IQ, Raymond James & Associates is being sued by three former clients.  These clients claim that they suffered losses due to their advisor’s unauthorized trades in oil and gas. The lawsuit, filed in Louisiana, is the latest in a series of lawsuits alleging unauthorized trading by former […]

Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CITIZENS SECURITIES, INC. (Respondent) The Claimants are both 78 years old, retired and living in New York. The Claimants are long standing banking customers of Citizens Bank where they maintained savings accounts and CD’s with the bank. The lawsuit alleges […]

Adam S Kaplan and Daniel E Kaplan, 35 year-old twin brothers who were both registered as brokers and financial advisors, have been charged by the Securities and Exchange Commission (SEC) with misappropriating more than $5 million from their clients.  According to a recent article in Financial Advisor IQ, Adam S Kaplan and Daniel E Kaplan, allegedly engaged in illegal activities […]