In a recent action taken by the Financial Industry Regulatory Authority (FINRA), a broker formerly registered with Raymond James Associates in Pittsfield, Massachusetts, JOSEPH PAUL WOITKOSKI (CRD#: 3023301) was suspended for 30 days and fined $7,500 for allegedly making discretionary trades without first getting 12 customers’ written authorizations. On August 20, 2020, according to the […]

Matthew O. Clason, a broker currently with LPL Financial and a financial advisor with Integrated Wealth Concepts, both of Glastonbury, Conneticut, was charged by the Securities and Exchange Commission (SEC) in an emergency action, with allegedly stealing hundreds of thousands of dollars from an advisory client. In a recent article in InvestmentNews, it stated that […]

Soreide Law Group has been contacted by investors who suffered financial losses through recommendations by their broker/dealers or financial advisors in the real estate investment trust, NYC REIT, formerly known as American Realty Capital New York City (NYSE: NYC). NYC REIT owns commercial real estate within the five boroughs of New York. NYC shares were […]

SW Financial Broker Douglas Leone Sanctioned Again By Financial Watchdog The Financial Industry Regulatory Authority (“FIRNA”) announced that it again sanctioned Salomon Whitney Financial securities broker Douglas A. Leone (CRD#: 2453784, Melville, New York). The watchdog’s move comes after prior infractions – all of which resulted in him being barred. Not only that, but seven […]

FINRA Contends That Broker Steven Luftschein Made Excessive Trades Causing Investor Losses Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) brought a regulatory action against Steven R. Luftschein (CRD#: 2690117, Huntington, New York) – also known by the name Steven Lerner. Specifically, in May 2020, the watchdog accused the securities broker of both violating fraud […]

Broker Dean Nowak Under Fire For Bad Advice At Taylor Capital Management Investor Alert! Soreide Law Group provides this update in regard to a problem securities broker by the name of Dean R. Nowak (CRD#: 1091819, Winter Park, Florida). Notably, FINRA BrokerCheck shows that the securities broker, who worked for Taylor Capital Management and Newbridge […]

Unauthorized Woodbridge Investment Referrals Made In Connection With Lincoln Financial Broker Imran Razvi's Outside Business Financial Industry Regulatory Authority (“FINRA”) reports troubling information in regard to Imran Razvi (CRD#: 3042006, Frederick, Maryland). Notably, the BrokerCheck Report on Razvi shows that FINRA issued Razvi a fine and a suspension for violating FINRA rules. The watchdog temporarily […]

Four Points Broker Supposedly Gave Bad Advice Investor lawsuits continue to pile up for Michael C. Martino (CRD#: 2579146, New York, New York). Namely, FINRA BrokerCheck shows that six or more clients contested the sales practices of the securities broker, who joined Four Points Capital Partners in April 2011. Notably, these disputes suggest that Martino […]

SEC The Latest Regulator To Expel Hagedorn As Broker Evidently, the Securities and Exchange Commission (“SEC”) is the latest to sanction ON Equity Sales Company securities broker Lawrence E. Hagedorn (CRD#: 1794077, Andover, Kansas) for “theft by deception.” Namely, Hagedorn is considered a serious threat to investors according to SEC – so much of a […]