MARCUS DEBAISE Recommend Unsuitable Investments? The Financial Industry Regulatory Authority (“FINRA”) shows on BrokerCheck that client disputes keep piling on for barred Wells Fargo securities broker, Marcus Debaise (CRD#: 2404266, Glastonbury, Connecticut). Indeed, at least 44 clients filed complaints or arbitration actions about Debaise. 10 of the 44 client disputes come after FINRA announced that […]

Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TAYLOR CAPITAL MANAGEMENT INC. (Respondent) The Claimant, who is retired and living in Illinois, maintained an investment relationship with the Respondent and their Financial Advisor at Taylor Capital Management, Michael Pellegrino. Pellegrino is not named in this lawsuit. The lawsuit […]

JEFF NIMMOW Sell You Bad Investments? Soreide Law Group is considering bringing claims on behalf of investors who incurred losses by investing with Jeff Nimmow (CRD#: 2693601, Hillside, Illinois). According to Nimmow’s Financial Industry Regulatory Authority (“FINRA”) BrokerCheck Report, at least four clients complained about his sales practices. Not only that, but Forest Securities discharged […]

BRENDA SMITH Barred By FINRA The Financial Industry Regulatory Authority (“FINRA”) announced that it barred CV Brokerage Inc. financial and operations principal and securities broker Brenda Smith (CRD#: 4348518, West Conshohocken, Pennsylvania). Apparently, Smith, whom CV  Brokerage Inc. disaffiliated with June 14, 2019, executed a Letter of Acceptance, Wavier and Consent (the “AWC”) #: 2017052325901 […]

SUMMIT BROKERAGE SERVICES Reprimanded By FINRA The Financial Industry Regulatory Authority (FINRA”) announced that it sanctioned Summit Brokerage Services Inc. (CRD#: 34643, Boca Raton, Florida). Evidently, Summit failed to supervise securities brokers’ investment recommendations to prevent excessive trading. The securities firm also failed to supervise securities brokers’ use of consolidated reports. Summit “accepted” that it […]

WALTER CLARK Sell You Unsuitable Investments? The Financial Industry Regulatory Authority (FINRA) reports on BrokerCheck that clients have disputed the sales practices of Wilmington Capital Securities broker, Walter Clark (CRD#:1803139, Columbia Maryland). Notably, since March 8, 2018, three clients brought disputes about the broker. Those claims come after FINRA permanently barred Clark from acting as […]

WILLIAM ROBERTSON Give You Bad Investment Recommendations? Soreide Law Group is evaluating possible claims on behalf of investors who suffered losses by investing with First Allied Securities Inc. broker William Robertson (CRD#: 823461, Deer Park, Texas). According to the Financial Industry Regulatory Authority (“FINRA”) BrokerCheck, at least five clients complained about Robertson’s sales practices. Here’s […]

MARK SACHSE Barred By FINRA The Financial Industry Regulatory Authority (“FINRA”) barred Ameriprise Financial Services Inc. broker Mark Sachse (CRD#: 5155260, Overland Park, Kansas) for not complying with a FINRA probe. Notably, the FINRA BrokerCheck Report for Sachse shows that FINRA made a “request for information” which Sachse failed to answer. Supposedly, FINRA inquired into […]

JEFFREY SCHWEBACH Suspended By FINRA The Financial Industry Regulatory Authority (“FINRA”) announced that it issued Independent Financial Group (“IFG”) broker Jeffrey Schwebach (CRD#: 1606537, Dell Rapids, SD) an 8 month suspension for selling away (engaging in securities transactions outside the scope of the broker’s employment). Notably, Schwebach submitted a Letter of Acceptance, Waiver, and Consent […]