CRAIG ZABALA Barred By FINRA The Financial Industry Regulatory Authority (“FINRA”) announced that it barred John W. Loofbourrow Associates broker Craig Zabala (CRD#: 2740680, New York, New York). Apparently, Zabala, who worked for John W. Loofbourrow Associates from February 7, 2015 to April 29, 2019 in the capacity of an investment banking representative, operations professional, […]

Sanchez Energy Corporation (SNECQ) and certain of its subsidiaries have received interim approvals from the U.S. Bankruptcy Court for the Southern District of Texas related to the voluntary Chapter 11 petitions filed on Aug. 11, 2019. According to the Houston Chronical, Sanchez Energy Corporation (SNECQ), a Houston oil company that was once one of the […]

FINRA Issues Suspension, Fine To PlanMember's Raymond Menna The Financial Industry Regulatory Authority (“FINRA”) issued a 45 day suspension and $5,000 fine to PlanMember Securities Corporation broker Raymond Menna (CRD#: 1918097, Farmingville, New York, New York). Evidently, Menna, who worked for PlanMember Securities Corporation from August  12, 2010 to May 30, 2019, executed an Acceptance, […]

Did ALLAN MONTALBANO Excessively Trade Your Account? Soreide Law Group is evaluating possible investor claims against Worden Capital Management and National Securities Corporation broker and financial advisor Allan Montalbano (CRD#: 4507029, Garden City, New York).  Notably, at least 14 clients of Montalbano disputed his sales practices, and all but 3 disputes have settled through payments […]

Kentucky Department Of Financial Institutions Bars Edward Bosh Kentucky Department of Financial Institutions issued a Final Order barring LPL Financial securities broker and Independent Financial Partners ("IFP") Advisors representative Edward Bosch (CRD#: 1127469, Florence, Kentucky). The Order dated March 8, 2018 shows that Bosch admitted to improperly depositing his clients’ funds in his own account. […]

MARIONDY FERNANDEZ Sell You Bad Bonds? The Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations against prior Santander Securities broker Mariondy Fernandez (CRD#: 2391134, Dorchester, Massachusetts). Namely, the securities broker, who worked for Santander Securities from 2005 to 2016, discloses that 32 clients took issue with his sales practices. Here’s a summary of some recent […]

Losses From VII Peaks Co-Optivist Income BDC II? Did you invest in VII Peaks Co-Optivist BDC II because of your broker or financial advisor? Apparently, this non-diversified closed-end company, which elects to be treated as a business development company (“BDC”), invests in equity-linked debt securities and discounted corporate debt securities of private and public companies, […]

Soreide Law Group has filed a FINRA arbitration on behalf of their client (Claimant) against: INDIANA SECURITIES, LLC, & their registered representative, FRANK NEESE (Respondents).  The Claimant is a 79 year-old retiree from Indiana currently living in Florida. The lawsuit alleges that the Claimant was looking for a moderate to low risk investment strategy to […]

Did Your Broker Or Advisor Sell You SMARTSTOP SELF STORAGE REIT? Soreide Law Group is reviewing possible investor claims against brokers or financial advisors who may have inappropriately recommended SmartStop Self Storage REIT Inc. (f/k/a Strategic Storage Trust II). Evidently, the board of directors of this non-traded REIT, which focuses on “stabilized self-storage facilities and […]