STEVEN REZNIK Losses? Soreide Law Group is investigating potential investor claims against Raymond James Financial Services financial advisor Steven Reznik (CRD#: 1067199, Tallahassee, Florida). Namely, the Financial Industry Regulatory Authority (“FINRA”) shows 19 investor disputes on Reznik’s record. Clients’ claims, summarized below, raise questions about whether Reznik, who worked for Raymond James from 1989 until […]

ROBERT MONTES Barred By FINRA The Financial Industry Regulatory Authority (“FINRA”) announced July 24, 2019 that it barred Morgan Stanley securities broker Robert Montes (CRD#: 835488, Palm Harbor, Florida). Evidently, Montes, who worked for Morgan Stanley from 2014 until 2019,  flat out refused to cooperate with FINRA who investigated him for his possible misuse of […]

MICHAEL GARRIS Suspended By FINRA The Financial Industry Regulatory Authority (“FINRA”) announced July 22, 2019 that it issued Wells Fargo Clearing Services LLC (“Wells Fargo”) broker Michael Garris (CRD#: 1540384, Los Angeles, California) a one-year suspension beginning August 5, 2019, and a $5,000 fine for unauthorized trading. Notably, Garris who worked at Wells Fargo from […]

ALAN NEW Charged In SEC Complaint Soreide Law Group is evaluating possible claims on behalf of investors who sustained losses from NYLife Securities LLC broker Alan New (CRD#: 2892508, Fort Wayne, Indiana). Notably, SEC filed a Complaint against New on December 17, 2018 in the United States District Court for the Southern District of Indiana […]

JESSE HOLOVACKO Fraud Conviction Affirmed The United States Court of Appeals for the Third Circuit affirmed Merrill Lynch financial advisor Jesse Holovacko’s (CRD#: 5112298, Edison, New Jersey) convictions of 6 counts of wire fraud and 1 count of investment advisor fraud, according to an unpublished Opinion filed July 22, 2019 in U.S.A. v. Jesse Holovacko, […]

CHARLES KENAHAN Churn Your Investments? Soreide Law Group is evaluating possible investor claims on behalf of investors who suffered losses because of Merrill Lynch securities broker Charles Kenahan (CRD#: 1351974, Boston, Massachusetts). Evidently, Merrill Lynch announced on July 9, 2019 that it disaffiliated with Kenahan. The brokerage firm alleged that Kenahan gave bad advice to […]

ProShares UltraShort 20+ Year Treasury (NYSEArca: TBT) Losses? Did your broker or advisor sell you ProShares UltraShort 20+ Year Treasury (NYSEArca: TBT). Apparently, TBT is a leveraged fund whose goal is to produce daily investment results of two times the inverse of the performance of the ICE U.S. Treasury 20+ Year Bond Index in one […]

ADAM BELARDINO Discharged By MassMutual MML Investors Services, LLC (“MassMutual”) disclosed through Financial Industry Regulatory Authority (“FINRA”) BrokerCheck that it terminated securities broker Adam Belardino (CRD#: 5221927, Elmsford, New York). According to MassMutual, it discharged Belardino following an investigation into a client complaint. Notably, FINRA BrokerCheck shows that four investors took aim at Belardino’s sales […]

STEPHEN CARVER Cause Your Investment Losses? The Financial Industry Regulatory Authority (FINRA) confirms that at least three investors filed disputes over the sales practices of Stephen Carver (CRD#: 2230161, Peoria, Illinois). The disputes, which come from investors of both LifeMark Securities Corp, LPL Financial, and Cetera Advisors LLC, are summarized below: LifeMark Securities Corp. Client’s […]