LEGEND SECURITIES' STEVEN MEYER Allegedly Churns Investors' Accounts The New Jersey Bureau of Securities announced on July 20, 2018 that it revoked the broker-dealer agent registration of Legend Securities broker Steven Meyer (CRD#: 4798400, Staten Island, New Jersey). The Order revoking Meyer’s licensure comes as a result of the Financial Industry Regulatory Authority (“FINRA”) barring […]

MARCUS E BOGGS (Marcus Boggs) (CRD#: 5055667), a 49 years-old former senior financial advisor with Merrill Lynch, was charged on August 27, 2019, with defrauding clients out of approximately $3 million. According to news reports one of the clients had received a $5 million payout for a wrongful conviction of murder and rape. Known as […]

FINRA Suspends Paulson Broker MICHAEL NIXON The Financial Industry Regulatory Authority (“FINRA”) announced August 16, 2019 that it issued a $5,000 fine and 15-day suspension to Paulson Investment Company (“Paulson”) securities broker Michael Nixon (CRD#: 2169631, Tampa, Florida). Evidently, the securities broker, who started working for Paulson beginning in December 2015, executed a Letter of […]

Soreide Law Group has filed a FINRA arbitration on behalf of their client (Claimant) against, CETERA ADVISOR NETWORKS, LLC (Respondent). Their former registered representative, David Rockwell, is not named in this lawsuit. The Claimant has been retired since 2013. He is a conservative investor who relied upon the financial guidance of his former financial advisor, […]

Losses From Robert Rotunno? The Financial Industry Regulatory Authority (“FINRA”) BrokerCheck discloses alarming allegations of sales practices violations committed by securities broker Robert Rotunno (CRD#: 4025263, New York, NY). Notably, 11 disclosures about him concern disputes from clients of Laidlaw and Company (UK) Ltd. (“Laidlaw”), where Rotunno worked from 2004 to 2016, and 1 concerns […]

Losses From MICHAEL FISHER, WELLS FARGO? Soreide Law Group is investigating possible claims on behalf of investors against prior Wells Fargo Advisors, LLC representative Michael Fisher (CRD#: 4056114, Melville, New York). Fisher, who worked for Wells Fargo from 2012 to 2016 and who since affiliated with Ameriprise Financial Services, discloses through FINRA BrokerCheck that four […]

FINRA Bars Bobby Coburn The Financial Industry Regulatory Authority (“FINRA”) announced August 26, 2019 that it barred Securities America broker Bobby Coburn (CRD#: 1464789, Fort Meade, Florida) from the securities industry for non-cooperation in a FINRA investigation. Evidently, the broker, who Securities America discharged on March 20, 2019 after allegations of misconduct, executed a Letter […]

Did Debra Lambert Excessively Trade Your Account? The Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations against Raymond James and Merrill Lynch securities broker Debra Lambert (CRD#: 2238553, The Villages, Florida). Notably, at least 1 Raymond James client and 2 Merrill Lynch clients filed disputes contesting Lambert’s sales practices. Here’s a summary of the allegations […]

SEC Bars Securities America's Hector May Soreide Law Group is evaluating possible claims against Securities America, Inc. general securities representative and Executive Compensation Planners Inc. President, Hector May (CRD#: 323779, New City, NY). Evidently, in December 2018, May pleaded guilty to 1 count of investment adviser fraud and 1 count of conspiracy to commit wire […]