ROGER KROEGER CRD#: 1526864, a 62 year-old broker who had been with Invest Financial Corporation in Ft. Lauderdale, Florida, has been accused by the Broward Sheriff’s Office, along with his sister, of misappropriating approximately $300,000 from the investment account of a 92 year-old woman from Pompano Beach, Florida. According to the SunSentinel, Kroeger and his […]

Soreide Law Group obtained the following information on FINRA’s website, which is available to the public, under “Disciplinary and Other FINRA Actions November 2017.” CFD Investments, Inc. (CRD #25427, Kokomo, Indiana) was censured and fined $30,000 for allegedly failing to establish, maintain, and enforce a reasonable supervisory system designed to ensure the review of its […]

Soreide Law Group was recently contacted by an investor from California who believes to have a claim against SIGMA FINANCIAL CORPORATION broker: TOMAS JUHAN VELKEN (TOMAS J VELKEN) CRD#: 1600404 This particular investor suffered financial losses in Bluerocks Enhanced Multifamily REIT. TOMAS J VELKEN has been in the securities industry for 14 years and was […]

On December 6, 2017, Houston-based, NEXT FINANCIAL GROUP, INC. CRD#: 46214, SEC#: 51356 agreed to pay a $750,000 fine to FINRA and were required to retain an independent consultant to conduct a comprehensive review of the adequacy of the firm’s policies, systems and procedures (written and otherwise) and training, as part of settlement for a […]

Soreide Law Group obtained the following information on FINRA’s November 2017 Disciplinary Report: Mark Sherman Perry (CRD #1219294, Mt. Pleasant, South Carolina) was suspended by FINRA for 18 months. Due to Perry’s financial status, no monetary sanction was imposed following allegations that Perry made unsuitable investment recommendations to four elderly, retired clients. FINRA’s findings stated […]

The Securities and Exchange Commission (SEC) charged three New York-based brokers with making unsuitable recommendations that resulted in substantial losses to their clients and large commissions for the brokers, in September of 2017. An SEC examination of the firm Alexander Capital L.P. detected alleged misconduct among some brokers, and the investigation led to the filing […]

Soreide Law Group has filed a FINRA arbitration on behalf of their clients (Claimants) against:  MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, and their registered representative, CHARLES RAY FRIEDLANDER CRD# 1766198.  The Claimants, a retired couple living in Florida, had the majority of their retirement assets maintained at MERRILL LYNCH under the management of CHARLES […]

Soreide Law Group has been contacted by clients who were sold Spirit of America Energy A (SOAEX) by David Lerner Associates, Inc. Spirit of America Energy Fund (SOAEX), sold exclusively by David Lerner, was first issued in July of 2014. Since its inception, this fund is down -12.2%, and at its low has been down […]

On November 17, 2017, the Financial Industry Regulatory Authority (FINRA) fined former Morgan Stanley registered representative, TIMOTHY THOMAS GIBBONS (CRD#: 219872), $20,000, suspended him for 18 months, and required him to pay approximately $717,000 in restitution to five elderly clients. Gibbons allegedly over-concentrated the clients' accounts in a single high-risk energy sector security. According to […]