Fort-Lauderdale-based Soreide Law Group obtained the following summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2014.”
James Clifford Eastman (CRD #1385303, Naples, Florida)
was given a deferred fine of $20,000 and suspended by FINRA for nine months for allegedly participating in the sales of private securities without prior written notice to his firm or obtaining his firm's approval of his participation in these transactions.
FINRA's findings stated that Eastman allegedly referred his clients to invest in an offering, he then assisted the clients with obtaining the necessary funds from their brokerage accounts, and then assisted the clients with the paperwork. Eastman received approximately $65,000 in fees, but was instructed by his firm to return the funds.
This suspension is in effect from October 6, 2014, through July 5, 2015. (FINRA Case #2012034304001)
James Clifford Eastman was previously registered with the following securities firm(s):
01/2010 - 10/2012 WESTPORT RESOURCES INVESTMENT SERVICES, INC. (CRD# 24535) - NAPLES, FL
06/2009 - 01/2010 MORGAN STANLEY SMITH BARNEY (CRD# 149777) - NAPLES, FL
05/2001 - 06/2009 CITIGROUP GLOBAL MARKETS INC. (CRD# 7059) - NAPLES, FL
12/1991 - 06/2001 ROBERT W. BAIRD & CO. INCORPORATED (CRD# 8158) - MILWAUKEE, WI
07/1985 - 06/1988 FIRST AMERICAN NATIONAL SECURITIES, INC. (CRD# 10111)
This summation of information from FINRA’s website ends here.
Florida-based Soreide Law Group represents clients nationwide in arbitrations before FINRA. For a free consultation on how to potentially recover your investment losses call: 888-760-6552.
Soreide Law Group is investigating potential investor claims involving Cambridge Investment Research following a FINRA disciplinary action concerning Unit Investment Trust (UIT) recommendations. In April 2026, FINRA censured Cambridge Investment Research after finding supervisory deficiencies involving certain UIT recommendations made to retail clients. Investors who incurred excessive fees, unnecessary costs, or other damages associated with […]
Soreide Law Group is investigating potential investor claims involving Infinity Financial Services after FINRA sanctioned the firm for supervisory failures involving deferred variable annuity exchanges and recommendations. Investors who incurred surrender charges or other losses in connection with variable annuity transactions recommended through Infinity should review the allegations that led to FINRA's disciplinary action against […]
Soreide Law Group is investigating potential investor claims involving losses in NextGenTech Investments LLC, a private fund managed by Sestante Capital LLC that purported to provide investors with economic exposure to shares of private companies, including Anduril Industries. Recent criminal proceedings involving Sestante Capital's manager have raised significant concerns regarding the offering, the representations made […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com