ALAN NEW Charged In SEC Complaint Soreide Law Group is evaluating possible claims on behalf of investors who sustained losses from NYLife Securities LLC broker Alan New (CRD#: 2892508, Fort Wayne, Indiana). Notably, SEC filed a Complaint against New on December 17, 2018 in the United States District Court for the Southern District of Indiana […]

JESSE HOLOVACKO Fraud Conviction Affirmed The United States Court of Appeals for the Third Circuit affirmed Merrill Lynch financial advisor Jesse Holovacko’s (CRD#: 5112298, Edison, New Jersey) convictions of 6 counts of wire fraud and 1 count of investment advisor fraud, according to an unpublished Opinion filed July 22, 2019 in U.S.A. v. Jesse Holovacko, […]

CHARLES KENAHAN Churn Your Investments? Soreide Law Group is evaluating possible investor claims on behalf of investors who suffered losses because of Merrill Lynch securities broker Charles Kenahan (CRD#: 1351974, Boston, Massachusetts). Evidently, Merrill Lynch announced on July 9, 2019 that it disaffiliated with Kenahan. The brokerage firm alleged that Kenahan gave bad advice to […]

ProShares UltraShort 20+ Year Treasury (NYSEArca: TBT) Losses? Did your broker or advisor sell you ProShares UltraShort 20+ Year Treasury (NYSEArca: TBT). Apparently, TBT is a leveraged fund whose goal is to produce daily investment results of two times the inverse of the performance of the ICE U.S. Treasury 20+ Year Bond Index in one […]

ADAM BELARDINO Discharged By MassMutual MML Investors Services, LLC (“MassMutual”) disclosed through Financial Industry Regulatory Authority (“FINRA”) BrokerCheck that it terminated securities broker Adam Belardino (CRD#: 5221927, Elmsford, New York). According to MassMutual, it discharged Belardino following an investigation into a client complaint. Notably, FINRA BrokerCheck shows that four investors took aim at Belardino’s sales […]

STEPHEN CARVER Cause Your Investment Losses? The Financial Industry Regulatory Authority (FINRA) confirms that at least three investors filed disputes over the sales practices of Stephen Carver (CRD#: 2230161, Peoria, Illinois). The disputes, which come from investors of both LifeMark Securities Corp, LPL Financial, and Cetera Advisors LLC, are summarized below: LifeMark Securities Corp. Client’s […]

RYAN LEE Cause Your Investment Losses? Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) BrokerCheck report for prior Fidelity Brokerage Services LLC broker Ryan Lee (CRD#: 4169548, Wayne, New Jersey) confirms that clients disputed his sales practices. In addition to the five plus investors who took aim at Lee’s sales practices, Fidelity discharged him for […]

JASON DAUGHERTY 1st Global Capital Disputes Soreide Law Group is evaluating investor disputes brought against Taylor Capital Management Inc. (also known as “TCM Securities, Inc.”) securities representative Jason Daugherty (CRD#: 4267059, Woodstock, Georgia). Notably, according to the Financial Industry Regulatory Authority (“FINRA”), at least four clients contested Daugherty’s sales practices. Here’s what they had to […]

KERRY HOFFMAN, THOMAS CONWELL Named In SEC Complaint The Securities and Exchange Commission (“SEC”) brought charges against prior LPL Financial LLC securities broker Kerry Hoffman (CRD#: 1061740, Mundelein, Illinois) and barred-broker Thomas Conwell (CRD#: 2095817, Fort Meyers, Florida). Specifically, the agency filed Civil Action #: 19-cv-4409 on July 1, 2019, claiming Hoffman and Conwell violated […]