March 5, 2012

Lars K. Soreide Wins Award for Defrauded Elderly Fannie Mae Investor Against Wells Fargo Advisors (f/k/a Wachovia Securities)

Lars K. Soreide of the Soreide Law Group,  recently won an award of $61,040.00, plus statutory interest from July 11, 2008, amounting to approximately $15,000 in interest payments, and, additionally being reimbursed for all forum fees and costs.
 
This award stems from the sale of Fannie Mae and Freddie Mac preferred securities by former Wells Fargo broker, Patrick Zych, to an elderly investor. Wells Fargo Advisors were represented by Greenberg Traurig. This award, won by Lars K. Soreide, of the Soreide Law Group, is significant because the several published awards concerning Fannie Mae and Freddie Mac preferred securities resulted in zero awards for the investors.
 
This case involved Fannie Mae Series S and Freddie Mac series Z preferred shares. Most investors purchased the preferred securities at $25 per share and quickly watched the stock drop to below $1 in less than 6 months.
 
New evidence concerning Wells Fargo’s early warnings of extreme volatility that largely went ignored by brokers has breathed new life into Fannie and Freddie preferred cases. There is a 6 years statute of limitations for claims brought through the Financial Industry Regulatory Authority (“FINRA”) so Fannie and Freddie preferred share investors still have time to file a claim. The statute of limitations will begin to run out for most investors in 2013.
 
If you purchased Fannie Mae or Freddie Mac preferred shares call Lars K. Soreide of the Soreide Law Group at (888) 760-6552 or visit https://www.securitieslawyer.com. Representing defrauded Fannie and Freddie Investors Nationwide.
Contact us
S H A R E   T H I S   P O S T

Recent Posts

May 22, 2026
James Margraf Involved In Center Street Securities Client Arbitration Claim About Unsuitable Advice

Investors potentially experienced sales practice violations by securities broker James Ward Margraf (also known as Jim Margraf) [CRD: 6517554, Springfield, Missouri], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. James Margraf worked for Center Street Securities Inc. from August 22, 2016, to December 1, 2023. See the following information to discover more about […]

May 22, 2026
Michael Kelley Connected To LPL Financial LLC Investor Arbitration Claim Re: Misrepresentation

Investors might have suffered losses due to securities broker Michael Joseph Kelley [CRD: 1021878, Winter Park, Florida], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kelley worked for LPL Financial LLC from September 8, 2009, to the present and Charter Advisory Corporation from September 30, 1999, to the present. See […]

May 22, 2026
Eric Diamond Linked To Fidelity Brokerage Services Investor’s Unsuitable Advice Arbitration Claim

Investors potentially incurred losses because of securities broker Eric Lee Diamond (also known as Rick Diamond) [CRD: 1602991, Wellington, Florida], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Eric Diamond worked for Fidelity Brokerage Services LLC from January 10, 2007, to the present, and Strategic Advisers LLC from March 31, 2025, to […]

Copyright © 2025 Soreide Law Group, PLLC  |  All Rights Reserved