Soreide Law Group is investigating claims on behalf of former customers of stock broker Robert E. Waite. Robert Waite was formerly registered with Robert W. Baird & Co. and Wells Fargo Advisors (formerly Wachovia) in Chicago. Soreide Law Group has been contacted by investors who have suffered significant investment losses with former broker Robert Waite […]

Soreide Law Group is investigating claims on behalf of Wells Fargo Advisors, LLC, investors that suffered losses in inverse and leveraged ETFs (Exchange Traded Funds) with former Wells Fargo broker and branch manager, Michael E. French, in Colchester, Vermont. According to Mr. French's CRD, he was discharged in August, 2011, for violating firm policy by […]

In April, 2013, FINRA filed a complaint against broker David Mickelson, alleging that he established and operated the Micro Pipe Fund. Mickelson owned Micro Pipe Capital Management, LLC, and Mickelson Investment Management, LLC, which managed the fund. FINRA alleges that David Mickelson solicited investments in the fund and was in violation of FINRA rules which […]

Success Trade Securities, Inc., sold $18 million in STI promissory notes to their clients, most of whom are current or former NFL and NBA players. These promissory notes were unregistered securities. The STI promissory notes were allegedly part of a Ponzi scheme by Success Trade, and it's brokers, Faud Ahmed and Jinesh Pravin "Hodge" Brahmbhatt, […]

Currently, the Soreide Law Group is investigating the Mariner Access Fund and Mariner 2X Access Fund which were sold by Merrill Lynch Pierce, Fenner & Smith, Inc. Merrill Lynch raised hundreds of millions of dollars from investors in private sales to its clients. Investors in these funds have experienced huge losses in their investments, in […]

As it's prepares to go private with a sale to private-equity buyers, insurance broker and benefits roll-up firm National Financial Partners Corp. is facing hurdles created by its independent broker-dealer, NFP Advisor Services Group, writes Bruce Kelly in a recent article in InvestmentNews. There is a problem with the potential costly legal fallout from NFP […]

FINRA recently issued a notice providing guidance to its members on communications with the public regarding unlisted real estate investment programs, (REITs) and real estate direct participation programs. Disclosure: Firm communications containing descriptions of a real estate program must be consistent with the program’s current prospectus and must not imply an investment in the program […]

On Monday, Mark Ellison, 64, and David Swenson, 35, both of Boise, Idaho, and founders of DBSI; and Jeremy Swenson, 40, of Meridian, Idaho, appeared in United States District Court in Boise, and entered not guilty pleas on charges of conspiracy to commit securities fraud, wire fraud, mail fraud, and interstate transportation of stolen property […]

William Galvin, the secretary of the Commonwealth of Massachusetts, today announced settlements with five leading independent broker/dealers to make $8.6 million in restitution to investors and pay fines totaling $975,000 for the sales of nontraded real estate investment trusts (REITs). These five firms are: Ameriprise Financial Services Inc., with $2.6 million in restitution and a […]