Latest Securities Lawyer News

INVESTOR ALERT: FINRA Files Complaint Against Columbus Advisory Group’s MICHAEL MURPHY The Financial Industry Regulatory Authority (“FINRA”) announced that it filed a Complaint against Columbus Advisory Group, LTD securities representative Michael Patrick Murphy (CRD#: 2596905, New York, New York). Specifically, FINRA Department of Enforcement claims Murphy did not report a total of $6,000,000 in NY […]

FINRA Expels HD Vest’s ERIN VERESPY For Declining To Testify About Misappropriation Allegations FINRA announced it has barred HD Vest Investment Services broker Erin Verespy (CRD#: 2727866, Trumbull, Connecticut). Verespy worked at HD Vest Investment Services from August 19, 1998 to March 27, 2019. Evidently, she submitted a Letter of Acceptance, Waiver and Consent (“AWC”) […]

The Financial Industry Regulatory Authority, Inc. (FINRA), according to news reports, has ordered RBC CAPITAL MARKETS to pay an 80 year-old client more than $50,000 following a FINRA arbitration panel ruling that the US broker/dealer of the Royal Bank of Canada violated FINRA rules and the laws of Florida. The FINRA arbitration panel ruled in […]

FREDERICK HOLLOWAY Barred For Unsuitable Recommendations The Financial Industry Regulatory Authority (“FINRA”) issued Decision #: 201605002401 on April 11, 2019, barring securities representative and owner of Holloway & Associates Inc., Frederick David Holloway, (CRD#: 248814, Easton, Maryland) from the securities industry for making unsuitable annuity recommendations to investors and hiding information from FINRA when it […]

Soreide Law Group recently filed a FINRA arbitration on behalf of our client (Claimant) against: J.W. COLE FINANCIAL, INC. (Respondent) The Claimant resides in Arizona, and maintained accounts with J.W. COLE FINANCIAL, and their former Financial Advisor, KEVIN SCOTT PHILLIPS (CRD#: 1591468).  Phillips is not named in the lawsuit. The lawsuit alleges that J.W. COLE […]

Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: FIRST STANDARD FINANCIAL COMPANY, LLC (“FIRST STANDARD”), and their registered representative,  JOSEPH JOHN ORLANDO, JR. (“ORLANDO”), CRD# 2882204 The Claimant, a resident of Massachusetts, allegedly received a cold call on or about October of 2018, from FIRST STANDARD broker, JOSEPH […]

Soreide Law Group, based in Pompano Beach, Florida, has filed a FINRA arbitration on behalf of their clients (Claimants) against: HERBERT J. SIMS & CO. INC., and their former registered representative, ALAN APPELBAUM (Respondents). The Claimants, are a married couple, retired and living in Boca Raton, Florida. ALAN APPELBAUM (CRD# 500336), was an employee and […]

ATTENTION INVESTORS! FINRA Fines, Suspends Ameriprise Broker COREY MIREAU The Financial Industry Regulatory Authority (“FINRA”) announced that Ameriprise Financial Services, Inc. general securities representative Corey Lee Mireau (CRD#: 3046777, Eden Prairie, Minnesota) has been issued a $15,000.00 fine and two year suspension for borrowing money from customers; participating in a private securities transaction and outside […]

INVESTOR ALERT: EDI Financial Broker William Thurmond Fined For Unsuitable Trading The Financial Industry Regulatory Authority (“FINRA”) announced that it has sanctioned EDI Financial, Inc. broker William Stafford Thurmond (CRD#: 870133, New York, New York) by issuing him a $25,000 fine, suspending him for fifteen months, and ordering him to disgorge more than $42,000 in […]