JASON N ANDERSON CRD#: 4370191, a former LPL financial advisor from Beaumont, Texas, was suspended indefinitely by FINRA in October of 2017, and now the Texas State Securities Board has suspended Anderson for 90 days for allegedly charging unreasonable fees to his clients. The Financial Industry Regulatory Authority, Inc. (FINRA) suspended Anderson indefinitely in October […]

Soreide Law Group has been contacted by investors who sustained losses in managed futures funds while they were clients of California broker: STUART MYLES GODIN (STUART M GODIN, STU GODIN) CRD#: 223476 STUART M GODIN clients had invested in managed futures funds while Godin was at RBC CAPITAL MARKETS in Century City, California.  We are […]

Soreide Law Group obtained the following information from FINRA’s Disciplinary Report January 2018:  Timothy Thomas Gibbons (CRD #219872, New Orleans, Louisiana) was issued a deferred fine of $20,000, suspended from association with any FINRA member in all capacities for 18 months, and ordered to pay deferred partial restitution of $716,749.78, plus interest, to clients for […]

Soreide Law Group obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions, January 2018.” PATRICIA GAIL PETERSON (PATRICIA EVERSHED,PATRICIA EVERSHED PETERSON)  (CRD #1962901, Henderson, Nevada) was fined $7,500 and suspended by FINRA in all capacities for 20 business days for allegedly using discretion to place trades in the accounts of her […]

AFinancial Industry Regulatory Authority, Inc. (FINRA) arbitration panel ordered Morgan Stanley and one of  their advisors, STEVEN PHILIP ANDERSON (STEVE ANDERSON, STEVEN P ANDERSON) CRD#: 1254635 to return a client’s investment in two private placement funds, which totaled $536,000 and also pay him $37,500 in damages for what the client claimed were unsuitable investments. The […]

AFinancial Industry Regulatory Authority Inc. (FINRA) arbitration panel awarded a San Diego investor the entire amount of her claim, $1.67 million in compensatory and punitive damages, against broker, DAVID LLOYD BARBER CRD#: 1165082, and his firm, MADISON AVENUE SECURITIES. DAVID LLOYD BARBER was ordered to pay his former client $1.2 million of the compensatory and […]

Soreide Law Group obtained the following information on FINRA’s website under, “Disciplinary and Other FINRA Actions, January 2018.”  Robert Francis Leis (CRD #2396271, Louisville, Kentucky)  was assessed a deferred fine of $5,000 and suspended by FINRA for 20 business days for allegedly effecting securities transactions in the accounts of clients on a discretionary basis without […]

Unfortunately, Soreide Law Group continues to see the egregious misconduct by licensed broker/dealers taking advantage of their elderly clients.  This incredibly shocking behavior appears often in FINRA’s monthly Disciplinary Report.  It is important to shed light on this misconduct and make elderly clients and their family members aware of broker elder abuse. It is essential […]

Soreide Law Group obtained the following information from FINRA’s Disciplinary Report January, 2018: HANK MARK WERNER (HENRY WERNER) (CRD#: 1615495 Northport, New York) Has been barred by a FINRA extended hearing panel, for fraudulently churning and excessively trading the accounts of his client—a blind, elderly widow—and for making unsuitable recommendations. The hearing panel also ordered […]