The following press release was from the State of Colorado regarding a settlement with E*Trade over the firm's auction rate securities issues. Colorado Securities Commissioner Announces Settlement of its Auction Rate Securities Enforcement Action against E*TRADE The Colorado Securities Commissioner Fred Joseph announced today that a settlement in principle has been reached between E*TRADE Securities, […]

If you invested in IMH Secured Loan Fund, LLC, then you may have the right to recover money from the brokerage firm responsible for supervising your sales agent/broker.  You must act quickly due to the statutes of limitation. Soreide Law Group, PLLC, wants you to know that you may be able to recover losses that you have […]

In an article from the New York Times, October 18th., 2011, John Wasik writes that if you’re concerned about whether an adviser’s parent firm is going to survive a crisis or if you’re not happy with your portfolio, there are some important questions to ask before you make a change to a new wealth manager. […]

David Angelo Maltese (CRD #2562471, Registered Representative, Boca Raton, Florida)   submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity.   The article states that without admitting or denying the findings, Maltese consented to the described sanction and to the entry of […]

Clyde Allen Benninghoff (CRD #18463, Registered Principal, Amelia Island, Florida)   submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Benninghoff consented to the described sanction and to the entry of findings that he facilitated securities […]

Jeffrey Scott Donner (CRD #2631248, Registered Principal, Weston, Florida)   was named as a respondent in a FINRA complaint alleging that he executed transactions in the accounts of customers at his member firm without their prior knowledge, authorization or consent.   This complaint alleges that Donner exercised discretion in a customer’s account and effected securities transactions […]

Mark Alan Weber (CRD #2322177, Registered Representative, Palm City, Florida)   submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 10 business days.   Without admitting or denying the findings, Weber consented to the described sanctions and to […]

Carlos Francisco Otalvaro (CRD #2294420, Registered Principal, Coral Gables, Florida)   was fined $15,000, suspended from association with any FINRA member in any capacity for one year, and barred from association with any FINRA member in any principal capacity. This fine shall be due and payable upon Otalvaro’s return to the securities industry.   These […]

  Brookstone Securities, Inc. (CRD #13366, Lakeland, Florida)   submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $15,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to disclose and to timely disclose material […]