MARIONDY FERNANDEZ Sell You Bad Bonds? The Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations against prior Santander Securities broker Mariondy Fernandez (CRD#: 2391134, Dorchester, Massachusetts). Namely, the securities broker, who worked for Santander Securities from 2005 to 2016, discloses that 32 clients took issue with his sales practices. Here’s a summary of some recent […]

Losses From VII Peaks Co-Optivist Income BDC II? Did you invest in VII Peaks Co-Optivist BDC II because of your broker or financial advisor? Apparently, this non-diversified closed-end company, which elects to be treated as a business development company (“BDC”), invests in equity-linked debt securities and discounted corporate debt securities of private and public companies, […]

Soreide Law Group has filed a FINRA arbitration on behalf of their client (Claimant) against: INDIANA SECURITIES, LLC, & their registered representative, FRANK NEESE (Respondents).  The Claimant is a 79 year-old retiree from Indiana currently living in Florida. The lawsuit alleges that the Claimant was looking for a moderate to low risk investment strategy to […]

Did Your Broker Or Advisor Sell You SMARTSTOP SELF STORAGE REIT? Soreide Law Group is reviewing possible investor claims against brokers or financial advisors who may have inappropriately recommended SmartStop Self Storage REIT Inc. (f/k/a Strategic Storage Trust II). Evidently, the board of directors of this non-traded REIT, which focuses on “stabilized self-storage facilities and […]

FINRA Issues Sanctions To Financial West Group's Sara Ng The Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations of sales practice violations by Financial West Group securities broker Sara Ng (CRD#: 2701165, New York, New York). Not only has FINRA issued Ng a $5,000 fine and a suspension in December 2018 for making misleading and […]

SEC Contemplating Barring ERNEST ROMER The Securities and Exchange Commissions issued an Order February 22, 2019 commencing administrative proceedings to determine whether to bar securities broker Ernest Romer III (CRD#: 2311741, Shelby Township, Michigan). Evidently, SEC initiated these proceedings due to Romer’s criminal conviction on 13 counts of embezzlement. Here's more on the alarming allegations […]

DARIO SUAREZ Losses? Soreide Law Group is investigating possible investor claims against UBS Financial Services securities representative and sales supervisor Dario Suarez (CRD#: 1143417, Ponce, PR). Alarmingly, FINRA BrokerCheck reports 72 investor claims regarding Suarez’s sales practice violations. Investors brought a steadily increasing amount of disputes against Suarez since 2014 regarding unsuitable Puerto Rico bonds. […]

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 […]