Soreide Law Group has filed a FINRA arbitration, on behalf of our client (Claimant), against: AMERIPRISE FINANCIAL SERVICES, INC. (Respondent) The Claimants, a widow in her eighties living in New Jersey and her now deceased husband, were extremely conservative investors who invested primarily in tax free municipal bonds.  While at AMERIPRISE, they were with broker, […]

On April 2, 2018, FREDERICK DAVID HOLLOWAY (CRD#: 248814) was named a respondent in a FINRA complaint alleging that as the sole registered representative and owner of his member firm, Holloway & Associates Inc., he allegedly recommended that his clients exchange one deferred variable annuity contract (VA) for another without having a reasonable basis for […]

Soreide Law Group, based in Pompano Beach, Florida, has filed a FINRA arbitration on behalf of their client (Claimant) against the firm: HERBERT J. SIMS & CO., INC. (Respondent) The Claimant, who resides in Boca Raton, Florida, maintained investment accounts with HERBERT J. SIMS & CO., INC. The lawsuit alleges that the Claimant received investment […]

Soreide Law Group obtained the following information from FINRA’s March 2018 Disciplinary Report: Kevin John Jedlicka (CRD #2339602, White Hall, Maryland) was suspended by FINRA for six months, and due to Jedlicka’s financial status, no monetary sanction has been imposed. Jedlicka consented to the sanction and to the entry of findings that he allegedly engaged […]

Soreide Law Group, based in Florida, obtained the following information on the following Florida broker from FINRA’s website under, “Disciplinary and Other FINRA Actions March 2018:”  Kevin Scott Woolf (CRD #6145312, Winter Haven, Florida) was barred by FINRA for allegedly failing to provide documents and information and to appear and provide FINRA on-the-record testimony during […]

Soreide Law Group, based in Florida, obtained the following from FINRA’s Disciplinary Report March, 2018: Richard Alan Shotz (CRD #1681893, Port Orange, Florida)  was fined $7,500 and suspended by FINRA for four months for allegedly engaging in an unsuitable pattern of short-term trading of unit investment trusts (UITs) in client accounts. FINRA’s findings stated that […]

Two former financial advisors have been barred by the Financial Industry Regulatory Authority (FINRA). FINRA has barred: MATTHEW THOMAS COCHRAN CRD#: 5853600, and GARY JOHN BASRALIAN CRD#: 14385 Matthew Cochran of Charlotte, N.C., allegedly opened approximately 100 accounts at TD Ameritrade while working at Northwestern Mutual Investment Services, LLC, in Charlotte, NC, without informing either […]

Did your broker or financial advisor recommend you invest in the GEMINI FUND V? GEMINI FUND V raised $60 million in committed capital for its fifth fund, Gemini Investors V. The firm raised $58 million for its last fund, Gemini Investors IV, which closed in 2005. Gemini usually makes investments of $3 million to $8 […]

Soreide Law Group has been contacted by investors who have suffered losses in the LJM Preservation and Growth Fund (LJMIX). The LJM Capital Preservation and Growth Fund sold three different share classes, and traded under the following symbols LJMIX, LJMAX, LCM. LJMIX has lost approximately 80% of its value in February of 2018. The LJM […]