DAVID JAY HOMAN (DAVE HOMAN) CRD#: 1516973, a former Wells Fargo Advisors financial advisor in Bay City, Michigan was arraigned in Bay County District Court on one count of embezzlement of between $50,000 and $100,000.  Homan is facing a felony charge which could lead to a 15-year prison sentence.  DAVE HOMAN is due to appear […]

Soreide Law Group is investigating claims involving Independent Financial Group, LLC (IFG) and its financial advisor, Wenjinn (James) Chang, out of the firm’s Rockville, Maryland office regarding recommendations to investors to purchase concentrated investments in AFIN. Mr. Chang has been registered with IFG since 2012. Mr. Chang was previously registered with Ameritas from 2004-2012, AXA […]

Wells Fargo’s Francisco Ortiz Suspended For Falsifying Wire Request Francisco Jose Ortiz (CRD #4677135, Miami, Florida), who was a registered representative of Wells Fargo Advisors, LLC between June 5, 2013 and June 16, 2015, was required by the Financial Industry Regulatory Authority (“FINRA”) to pay a $5,000.00 fine and suspend acting as a broker or […]

Massachusetts Regulator Investigates Firms Selling Private Placements Secretary of the Commonwealth of Massachusetts, William Francis Galvin, announced in a public statement on July 2, 2018 that his office will be conducting an inquiry into ten brokerage firms within the state of Massachusetts that sell private placements out of concern that the investments are being sold […]

Janney Montgomery Scott Sued For Unsuitable Trading for broker Barry Falk Barry Falk (CRD #870874, Palm Beach Gardens, Florida), who has been a registered representative of Janney Montgomery Scott LLC since December 19, 2002, disclosed on Financial Industry Regulatory Authority (“FINRA”) BrokerCheck that his activities have prompted customers to collectively bring a civil suit in […]

CHRISTOPHER LEE HIBBARD (CHRIS HIBBARD) CRD#: 3176484, a financial advisor formerly with Merrill Lynch of Louisville, Kentucky, was barred by FINRA February 7, 2018, from acting as a broker or otherwise associating with a broker/dealer firm following an internal investigation which also found he had allegedly made unauthorized transactions. According to FINRA’s BrokerCheck, Merrill Lynch […]

Raymond James Settles Customer Arbitration for broker Mitchell Silverman Mitchell Louis Silverman (CRD #500504, Boca Raton, Florida), who has been a financial advisor of Raymond James & Associates, Inc. since May 3, 2002, disclosed via Financial Industry Regulatory Authority (“FINRA”) BrokerCheck that his activities are the subject of a customer investment-related arbitration dated May 17, […]

MetLife’s Kelly Barnett Sanctioned For Trading Without Authorization Kelly Marvin Barnett (CRD #4127608, Sarasota, Florida), who was a registered representative of MSI Financial Services from August 27, 2012 until being discharged on November 19, 2015, has consented to paying a $15,000.00 fine and being suspended by the Financial Industry Regulatory Authority (“FINRA”) from acting as a […]

FINRA Bars Broker Dealer Financial Corp’s Norman R. Sicard Jr. Norman R. Sicard Jr. (CRD #2269472, West Des Moines, Iowa), who was a registered representative of Broker Dealer Financial Services Corp. between May 26, 2011 and December 15, 2016, consented to being barred by the Financial Industry Regulatory Authority (“FINRA”) from acting as a broker […]