In recent years, the Securities and Exchange Commission (SEC) has escalated its focus on off-channel communications within the financial services industry, targeting the use of personal devices and platforms like “WhatsApp” for business-related discussions. This scrutiny stems from concerns that such communications bypass the “books and records” requirements that apply to financial institutions, leading to […]

The Securities and Exchange Commission (SEC) announced on August 14, 2024, that it obtained a preliminary injunction, asset freeze, and other emergency relief against Drive Planning LLC of Atlanta, Georgia, and its founder and CEO, Russell Todd Burkhalter, to halt an alleged $300 million real estate Ponzi scheme impacting more than 2,000 investors. The SEC […]

Investors complained about securities broker / financial advisor Michael Joseph Valenta (also known as Mike Valenta) [CRD: 1386978, Westminster, Colorado], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Michael Valenta joined Cambridge Investment Research Inc. on June 19, 2008. The following information is an overview of the securities broker’s disclosures. Cambridge Investment […]

Investors allegedly experienced losses because of securities broker / financial advisor Alan Jeffrey Cohen [CRD: 1465867, New York, New York], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Alan Cohen worked for UBS Financial Services Inc. from January 12, 2007, to September 10, 2021, before joining Stifel Nicolaus Company Incorporated on September […]

Investors complained about securities broker Adam Jesse Gurien [CRD: 2302341, Jupiter, Florida], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Adam Gurien has worked for Merrill Lynch Pierce Fenner Smith Incorporated since August 19, 2011. Before that, he worked for Wells Fargo Advisors LLC, from May 11, 2001, to August 22, 2011. […]

FTC Bans Non-Compete Clauses: Implications for Employers and Employment Contracts On April 23, 2024, the Federal Trade Commission (FTC) voted 3-2 to finalize a ground-breaking rule banning non-compete clauses in employment contracts. This decision, made during a special Open Commission Meeting, marks a significant shift in employment law, with potential far-reaching implications for both employers […]

Navigating Artificial Intelligence (AI) Legal Risks in Merger and Acquisitions (M&A) Transactions: What Investors Need to Know Are you considering an acquisition of a company that develops or utilizes artificial intelligence (AI) tools? AI, especially generative AI technologies, are game-changers in today’s business landscape. However, they also bring unique legal challenges that can impact your […]

Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: NI ADVISORS and their former registered representative, PETER T PO (Respondents). The Claimant is a retiree living in California. The lawsuit states that the Claimant is a very conservative investor and was looking for reliable income to sustain him through […]

On August 20, 2024, Gregory Alan Corrie was permanently barred from acting as a broker or otherwise associating with a broker/dealer firm by FINRA. Greg Corrie was discharged from CAMBRIDGE INVESTMENT RESEARCH, INC. of Boise, Idaho, on February 16, 2023, with allegations of, “Excessive use of UIT products.” He worked as a broker with Cambridge […]