Broker Fred Brown Faces Regulatory Action, Disputes Over Borrowing Money From Clients Soreide Law Group is reviewing possible investor claims relating to securities broker Fred Ronald Brown (CRD#: 1175385, Montgomery, Alabama). Notably, the securities broker, who worked for Merrill Lynch from 2012 to 2017 in various capacities, faced a suspension and fine from FINRA for […]

The Financial Industry Regulatory Authority, Inc. (FINRA) recently censured three Cetera firms, and additionally fined the firms $1 million combined. Without admitting or denying FINRA’s findings, Cetera Advisor Networks agreed to a fine of $750,000, Cetera Advisors agreed to a fine of $150,000 and Cetera Financial Specialists to a fine of $100,000. The firms consented […]

Concorde Broker Joseph Michaletz Involved In Investor Disputes About Alternative Investments Including GPB Soreide Law Group is reviewing possible investor claims against securities broker Joseph Gerard Michaletz (CRD#: 1327534, Mankota, MN). Notably, nine clients have brought disputes or lawsuits in regard to the securities broker, who worked for firms Concorde Investment Services and DAI Securities. […]

Barred Broker Joseph Pratt Allegedly Breaches Fiduciary Duty While At Stifel Nicolaus The Financial Industry Regulatory Authority (“FINRA”) reports troubling information in regard to securities broker Joseph Hersey Pratt (CRD#: 719416, Conshohocken, PA). Notably, the securities broker, who last worked for securities firm Stifel Nicolaus (2014 to 2019), is barred by FINRA which means that […]

Broker Alan New Is Barred By FINRA, Targeted In SEC Lawsuit Over Woodbridge Sales The Financial Industry Regulatory Authority (“FINRA”) reportedly barred securities broker Alan Harold New (CRD#: 2892508, Fort Wayne, Indiana) in April 2020. This means that New, who last worked for NYLife Securities, cannot be a securities broker for all FINRA member securities […]

Investors Indicate That Principal Securities' John Krohn Was Selling Away Soreide Law Group is reviewing possible investor claims of suitability, misrepresentation and other sales practice violations against securities broker John Michael Krohn (CRD#: 2722975, West Des Moines, Iowa). Notably, Krohn worked for Principal Securities from 1996 to 2017. His sales practices during that period have […]

Soreide Law Group has been contacted by investors whose brokers recommended purchasing shares of Ring Energy, Inc. (NYSE: REI), and in particular those clients of NTB Financial broker Henry Urbanowicz of Englewood, Colorado. According to Yahoo Finance, Ring Energy, Inc., an exploration and production company, acquires, explores for, develops, and produces oil and natural gas […]

Martin Ray Evans (Marty Evans) CRD#: 2412900, a former Ameriprise broker from Mitchel Field, New York, was fined $5,000.00 and suspended 45 days (12/7/2020 - 1/20/2021) by FINRA for allegedly impersonating clients while trying to obtain their account information. According to the FINRA report, without admitting or denying the findings, Martin Ray Evans consented to […]

Soreide Law Group is currently investigating claims from investors who have experienced financial losses due to the recommendations of their broker/dealers or financial advisors in the purchase of shares of the non-traded Real Estate Investment Trust (non-traded REIT), Watermark Lodging Trust. On April 13, 2020, Carey Watermark Investors 1 and Carey Watermark Investors 2 merged […]