Westminster Clients Indicate Louis Telerico Caused Their Losses Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) reports alarming information in regard to securities broker Louis Telerico [CRD#: 443875, Dayton, Ohio]. Supposedly, at least 16 clients raised serious concerns about the securities broker, who worked for Westminster Financial between 2012 and 2016. Also, FINRA sanctioned Telerico […]

Legend Securities Broker Michael Stanton Allegedly Failed To Supervise, Breached Fiduciary Duty Soreide Law Group is investigating potential investor claims involving securities broker Michael Salvatore Stanton [CRD#: 1448072, New York, New York]. Notably, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck reports that the securities broker, who was a branch office manager for Legend Securities Corp. from […]

KERRY DEAN WILLS (KERRY WILLS) CRD#: 1353739 a registered representative with First Western Securities in Manhattan Beach, California, was fined by the Financial Industry Regulatory Authority Inc. (FINRA) $10,000 and suspended for six months from February 18, 2020 to August 17, 2020, allegedly for borrowing $150,000 from a 90-year-old client. According to FINRA, without admitting […]

EDWARD EARL MATTHES (EDWARD MATTHES, ED MATTHES) CRD#: 2788055, formerly of  MUTUAL OF OMAHA INVESTOR SERVICES, INC of OCONOMOWOC, WISCONSIN, has agreed to settle with the SEC. The former broker was accused of defrauding 26 of his mostly elderly clients, out of approximately $2.4 million between April of 2013 and March of 2019. According to […]

Wells Fargo's Sanjay Mathur Supposedly Sold Unsuitable And Misrepresented Investments Soreide Law Group is reviewing possible investor claims against Wells Fargo securities broker Sanjay Mathur [CRD#: 1144243, Newport Beach California]. Evidently, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck shows that at least 5 clients raised serious concerns about the securities broker, who joined Wells Fargo Advisors […]

Broker Rick Higgins Allegedly Misrepresented Investments Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) reports alarming allegations of improprieties by securities broker Rick Higgins [CRD#: 1726947, Spartanburg, South Carolina]. Notably, one or more clients contested the actions of the securities broker, who worked with ProEquities from 2012 to 2016 and who presently works with First […]

KARI MARLIN BRACY (KARI M BRACY, KARI MARLIN FARWELL) CRD#: 5656186 formerly with NYLife Securities Inc. of Jacksonville Beach, Florida,  was barred by FINRA from acting as a broker or otherwise associating with a broker-dealer firm on January 23, 2020.  According to the FINRA report, without admitting or denying FINRA’s findings, Bracy consented to the […]

Li Lin Hsu, the former Ameriprise Financial advisor from Los Angeles, California, received a 136-month prison sentence for the alleged Ponzi scheme she was operating which fleeced her clients out of approximately $8.1 million. According to news reports, Li Lin Hsu defrauded 20 clients, including some relatives, by promising them to invest their money in […]

Cape Securities Broker Kevin Meadows Suspended For Excessive, Unsuitable Trading On January 28, 2020, the Financial Industry Regulatory Authority (“FINRA”) suspended Kevin Meadows (CRD#: 2878889, Columbus Georgia). Namely, the securities broker, who worked at Cape Securities (2013 to 2017), Lombard Securities (2018) and IBN Financial Services (2018 – present), accepted sanctions from the financial watchdog […]