Did your broker sell you the Tsunami Lakeshore Integrated Funds? The Tsunami Lakeshore Integrated Fund, LLC, is being investigated by the US Commodity Futures Trading Commission as a fraudulent investment scam. Tsunami Capital, LLC was incorporated in 2002 and was located at 455 North Cityfront Plaza Drive, in Chicago, Illinois. This company was in the […]

The Financial Industry Regulatory Authority Inc., also known as FINRA, barred John Thornes, president of Thornes & Associates Inc. of Redlands, Calif., and suspended his broker-dealer firm over allegations that he stole $4.2 million from two clients, one of whom FINRA says suffers from Alzheimer's disease writes Dan Jamieson of Investment News. FINRA alleges that […]

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013.” The Office of Hearing Officers (OHO) issued the following decisions, which have been appealed to or called for review by the NAC as of May 31, 2013. The NAC may […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. StockCross Financial Services, Inc. (CRD #6670, Beverly Hills, California) censured, fined $20,000 and required to pay $6,781.40, plus interest, in restitution to customers. Without admitting or denying the […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. Morgan Keegan & Company, Inc. (CRD #4161, Memphis, Tennessee) was censured and fined $60,000. Without admitting or denying the findings, the firm consented to the described sanctions and […]

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013.” Citigroup Global Markets Inc. (CRD #7059, New York, New York) was censured, fined $800,000 and ordered to pay $1,055.85, plus interest, in restitution to customers. The firm shall report unreported […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. Citadel Securities LLC (CRD #116797, Chicago, Illinois) was censured, fined $215,000, ordered to pay $239,582.12, plus interest, in restitution to customers, and required to revise its WSPs regarding […]

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013.” Bishop, Rosen & Co., Inc. (CRD #1248, New York, New York) was censured, fined $32,500, ordered to pay $7,613.14, plus interest, in restitution to customers, and required to revise its […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. VSR Financial Services, Inc. (CRD #14503, Overland Park, Kansas) and Donald Joseph Beary (CRD #15818, Registered Principal, Lenexa, Kansas) the firm was censured and fined $550,000. Beary was […]