Soreide Law Group has news on securities broker James Lee Greene (“Herbie Greene”) (CRD#: 2974053, Boca Raton, Florida). Evidently, he worked for firms Ameriprise (1998 to 2006), First Command Financial Planning (2007 to 2018), National Securities Corporation (2018 to 2022), and B. Riley Wealth Management (2021 to 2022). Notably, investors disputed Greene’s sales practices alleging misconduct while Greene worked at Ameriprise and National Securities Corporation. Let’s take a closer look at these disputes, including how a securities lawyer might be able to help you recover losses.
Evidently, a client of National Securities Corp disputed Herbie Greene’s sales practices. In September of 2020, the client alleged $100,000 in damages in connection with private placements. Supposedly, Greene made an unsuitable recommendation. Particularly, suitability relates to an investor’s risk tolerance, investment objectives, and other important details about a client’s profile that bears on whether the financial advisor’s recommendations are appropriate. Evidently, this matter is unresolved at this time.
Also, it appears that an Ameriprise Financial Services client complained about Herbie Greene. Namely, the client alleged misrepresentation by Greene concerning a variable universal life insurance second to die policy. Because of this, Ameriprise settled with the client by making a $7,087.30 payment to them.
Securities broker Herbie Greene denies allegations of sales practice violations. Have you experienced investment losses by interacting with this broker? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. Notably, the law firm has recovered compensation for many US clients who have experienced losses from their securities brokers and financial advisors.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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