The Soreide Law Group is currently investigating possible legal action against the financial advisors/stock brokers who recommended the Lakeside 370 Levee District bonds of St. Charles County, Missouri, to their customers. The area’s levee district failed to make interest payments that were due to more than 200 owners of $33.9 million in bonds which had been sold to buy the four-mile levee built by the city. The bonds are in default.
Many customers wish to pursue an action through the Financial Industry Regulatory Authority, also known as FINRA, against Stifel Nicolaus, brokers who had sold them the bonds. Soreide Law Group's investigation found that the interest payments were financed by tax payments on the land from two entities Duke and Gundaker who were planning on developing the land at a later date. However, Gundaker was relying upon bank financing to pay its taxes. The bond holders for the 370 Levee District were not made aware of this until Gundaker stopped paying the property taxes and it was taken by foreclosure resulting in a bond default.
If you purchased bonds in St. Charles County, Missouri, 370 Levee District from Stifel Nicolaus or any other broker/dealer, contact Soreide Law Group for a free consultation at (888) 760-6552.
TORY A DUGGINS was barred by FINRA from acting as a broker or otherwise associating with a broker/dealer firm. The last firm Duggins was registered with was SPARTAN CAPITAL SECURITIES, LLC, of New York, New York from 02/29/2016 - 01/31/2024. According to the FINRA report dated 1/21/2026, TORY A DUGGINS was named a respondent in […]
Investors might have sustained financial harm through WestPark Capital Inc. [CRD: 39914, Los Angeles, California], according to publicly available information found on Financial Industry Regulatory Authority BrokerCheck. WestPark Capital has been registered with FINRA since 1996 and maintains its headquarters in Los Angeles, California. Keep reading to discover more about the regulatory action involving the […]
Investors might have sustained losses due to securities broker James Fredrick Tighe [CRD: 3129233, Phoenix, Arizona], and Financial Industry Regulatory Authority barred him, based on public information on BrokerCheck. Tighe was associated with Morgan Stanley from June 1, 2009, through January 14, 2025. Continue reading to find out more about Tighe’s regulatory and client dispute […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com