Soreide Law Group, (888) 760-6552, has obtained this summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, April, 2014.” William Bradford Coolidge (CRD #1636957, Registered Representative, Cordova, Tennessee) was barred by FINRA for allegedly effecting trades in elderly clients’ accounts without written authorization or his firm’s acceptance of their accounts as discretionary. […]

JOSEPH J. HENNESSY, a 53 year-old financial advisor from Western Springs, Illinois, was charged with running a Ponzi scheme which defrauded at least 10 investors out of $2.9 million. According to federal prosecutors' announcement on Friday, this took place over a five-year period. JOSEPH J. HENNESSY, who was registered with FINRA, CRD# 1380254, was indicted […]

Soreide Law Group is currently investigating VSR Financial Services. In May, 2013, VSR Financial Services was sanctioned and fined $550,000 by FINRA for supervisory failures in connection with the sale of non-conventional or alternative investments. The following is a list of various alternative or non-conventional investments suggested to our clients as recommendations of VSR or […]

The following summation of information is available on FINRA's Website under “Disciplinary and Other FINRA Actions, April, 2014.” Jeffrey Robert Alexander (CRD #5387133, Registered Representative, Colorado Springs, Colorado) was fined $5,000 and suspended by FINRA for three months. Alexander allegedly recommended investors purchase interests in an oil and gas program to fund the drilling of […]

The Fort Lauderdale-based, Soreide Law Group, (888) 760-6552, obtained this summation of the following information from FINRA’s website under “Disciplinary and Other FINRA Actions, April, 2014.” Timothy Burke Ruggiero (CRD #2119642, Registered Principal, Plantation, Florida) was barred by FINRA for allegedly engaging in intentional stock price manipulation. FINRA's findings stated that Ruggiero not only allegedly […]

The following information is available on FINRA's Website under “Disciplinary and Other FINRA Actions, April, 2014.” Gregg N. Nussbaum (CRD #2020751, Registered Representative, Deerfield, Florida) has been barred by FINRA. Allegedly, according to the FINRA report, Nussbaum intentionally exceeded his trading authority. FINRA's findings stated that his firm authorized Nussbaum could only simultaneously open and […]

David E.A. Seagren, 69, Franklin, PA, was arraigned April 14, 2014, on more than 50 felony charges. Seagren is accused of 22 counts of theft by deception and theft by unlawful taking, plus seven counts of forgery for the alleged theft of $183,786.86 from a 97-year-old woman’s checking accounts. This happened over three years while […]

Félix “Tito” Trinidad, a Puerto Rican boxing legend, is being pursued by creditors while he files a claim against the financial advisor who invested more than $60 million of his money in Puerto Rican government bonds. Felix Trinidad has filed with the Financial Industry Regulatory Authority (FINRA) claiming that his financial advisor, José “Pepe” Ramos, […]

The Financial Industry Regulatory Authority (FINRA) filed a regulatory complaint against two former brokers from MetLife Securities Inc, (a unit of MetLife Inc). The brokers, Christopher Birli and Patrick Chapin, who both worked for MetLife in Williamsville, New York, until 2012, allegedly engaged in a seven-year scheme to inflate their commissions by having customers switch […]