The board of another non-traded business development company (BDC), Sierra Income Corporation, has suspended monthly distributions to their shareholders.  The company claimed that the suspension is temporary and would enhance their financial flexibility. This included both cash distributions and distribution reinvestment plans. According to Sierra Income Corporation, “The company believes that it is in the […]

The board of NexPoint Capital Inc., a publicly registered non-traded business development company (BDC) focusing on healthcare, approved the suspension of the company’s monthly distribution.  The suspension is for both cash distributions and those offered through NexPoint’s distribution reinvestment plan. According to news reports, NexPoint Capital said the decision was made “to provide additional financial […]

Investors File Claims About Jon Freeze, Alternative Investment Holdings Soreide Law Group is investigating potential investor claims of sales practice violations by securities broker Jonathan “Jon” Douglas Freeze [CRD#: 2642023, Canonsburg, Pennsylvania]. Notably, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck reports that since 2017, no less than nine clients contested the securities recommendations or sales of […]

Morgan Stanley's Tom Puentes Allegedly Sold Unsuitable Bonds Soreide Law Group is investigating potential investor claims of bad securities sales practices by broker Tom Abel Puentes [CRD#: 1713812, Langley, Washington]. Notably, FINRA BrokerCheck shows that 30 or more investors took issue with the securities broker, who associated with Morgan Stanley and Kestra Investment Services and […]

Salomon Whitney Clients Bring Lawsuits Regarding Broker Shawn Burns' Trading Practices Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) reports alarming information in regard to securities broker Shawn Evan Burns [CRD#: 3138114, Farmingdale, New York]. Namely, at least 24 clients have complained about the securities broker, who worked for Salomon Whitney Financial between 2014 and […]

TAMARA RAE STEELE (TAMARA STEELE, TAMMIE STEELE) CRD#: 3227494, was permanently barred on Friday, June 5, 2020, by the Securities and Exchange Commission (SEC).  Steele, the owner of an Indianapolis-based investment advisory firm, Steele Financial Inc., was charged with fraud. According to the press release, the U.S. District Court for the Southern District of Indiana […]

Did Your Advisor Recommend Your Ultra Petroleum Investments? Soreide Law Group wants to know whether your financial advisor caused you to purchase notes or other securities issued by struggling natural gas driller, Ultra Petroleum (OTCQX: UPLC). Namely, for the second time since 2016, the company has filed for Chapter 11 bankruptcy protection. Here’s more: Who […]

Soreide Law Group Looking At Possible Investor Lawsuits Relating To Rex Energy Soreide Law Group is reviewing investor lawsuits against financial advisors and securities brokers who may have been unsuitably sold investments in R.E. Gas Development LLC, also known as Rex Energy Corporation (NYSE: REXX). Notably, in May of 2018, the State College-based company filed […]

Did Your Financial Advisor Recommend Your Investment In PetroQuest? The investment loss attorneys at Soreide Law Group are reviewing possible lawsuits against financial advisors who recommended bonds, notes or other debt securities issued by Louisiana-based energy company, PetroQuest Energy, Inc. (OTC: PQ). Namely, PetroQuest emerged from bankruptcy on February 13, 2019, but this may not […]