LPL Broker Dain Stokes Allegedly Misappropriated Funds Investor Alert! The Securities and Exchange Commission (“SEC”) barred LPL Financial securities broker Dain Farrell Stokes (CRD#: 2960801, Bedford, New Hampshire). These sanctions come after the New Hampshire Department of State Bureau of Securities Regulation suspended his licenses and issued him a fine for seemingly misappropriating investor funds […]

Lilis Energy Losses? Lilis Energy, symbol LLEX and now LLEXQ, announced they are filing for Chapter 11 bankruptcy protection in Texas.  The stock opened trading around $220 and was recently trading around $.04 rendering the stock almost worthless.  Stock brokers that recommended this risky security and failed to limit losses for clients may be liable […]

Barred Cadaret Grant Broker Gerald Dewes Possibly Caused Investor Losses Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) BrokerCheck Reports shows that 5 investors brought disputes about securities broker Gerald R. Dewes (CRD#: 2465538, East Amherst, New York). Supposedly, Dewes made unsuitable investment recommendations to Cadaret Grant clients. Not only that, but after Cadaret Grant […]

Stifel Nicolaus Clients Take Aim At Andrew Elsoffer For Possibly Breaching Fiduciary Duty Soreide Law Group is investigating potential investor claims of breach of fiduciary among other sales practice violations by securities broker Andrew Elsoffer (CRD#: 2580009, Pepper Pike, Ohio). Namely, at least 8 investors filed disputes about the broker, who worked for Stifel Nicolaus […]

Broker Marc Reda Possibly Traded Without Investor Authorization The Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations of misconduct by securities broker Marc A. Reda (CRD#: 2757330, New York, New York). Namely, the Spartan Capital Securities broker is under investigation and facing a possible FINRA enforcement action alleging his unauthorized trading. Not only that, but […]

Washington Securities Division Indicates Ron Hannes Misused Clients Funds The Soreide Law Group is investigating possible investor claims involving Ronald Walter Hannes (CRD#: 1462241, Spokane, Washington). Namely, the securities broker, who worked for Woodbury Financial Services from 1994 to 2019, is on the receiving end of a Washington Securities Division’s Statement of Charges alleging he […]

FINRA Moves To Expel Steven Rodemer For Not Testifying About Use Of Client Funds Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) indefinitely barred securities broker Steven Dale Rodemer (CRD#: 830561, Pueblo, Colorado). Notably, the former Stifel Nicolaus securities broker is no longer allowed to associate with FINRA member brokerage firms after refusing to give […]

CUSO Broker JT Coyne Possibly Sold Misrepresented Annuities To Clients Soreide Law Group is reviewing investor claims against CUSO Financial Services securities broker Gerald Thomas “JT” Coyne (CRD#: 4589061, Harrisburg, Pennsylvania). Namely, the Financial Industry Regulatory Authority (“FINRA”) barred Coyne as a securities broker on December 10, 2019. It appears that Coyne stonewalled the financial […]

Morgan Stanley Clients Indicate That Robert David Sold Unsuitable Bonds Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) reports that between 2019 and 2020, Morgan Stanley investors filed four disputes about securities broker Robert C. David Jr. (CRD#: 5211223, Farmington Hills, Michigan) suggesting that he sold unsuitable, unauthorized and misrepresented investments. Not only that, but […]