Soreide Law Group obtained the following information on FINRA’s website: KCD Financial, Inc. (CRD #127473, Green Bay, Wisconsin) On May 30, 2017, a Securities and Exchange Commission (SEC) decision became final in which KCD Financial was censured and fined $73,000. The SEC sustained the findings and sanctions imposed by the National Adjudicatory Council (NAC). These […]

Did your broker/financial advisor recommend this high-risk leveraged ETF for your otherwise conservative or moderate portfolio? ProShares Ultra VIX Short-Term Futures (UVXY) 52 week range:  32.02 – 664 This investment seeks daily results that match (before fees and expenses) two times (2x) the daily performance of the S&P 500 VIX Short-Term Futures Index. The index […]

The Financial Industry Regulatory Authority Inc. (FINRA) has barred ANTHONY JOSEPH VERZI (TONY VERZI) CRD#: 1186572  from acting as a broker or otherwise associating with firms that sell securities to the public. Tony Verzi was a former Morgan Stanley broker who was barred after he allegedly refused to testify at a hearing into alleged trading […]

MARK FRANCIS SPEAKMAN CRD#: 2693667, a 60 year-old financial advisor from Grove City, Ohio, was sentenced in U.S. District Court recently to 60 months in prison for an investment scheme that defrauded his clients out of more than $1.1 million. According to the court records, between 2000 and 2015, Mark F Speakman was a financial […]

A Financial Industry Regulatory Authority Inc. (FINRA) arbitration panel has awarded a former client (Claimant) of Northeast Securities Inc., $1.76 million in compensatory damages in a case involving bond transactions. The Claimant had sought damages of $3 million. The Claimant charged the firm and three of its brokers with common law fraud, failure to supervise, […]

SHEIK FIRDOSH KHAN CRD#: 2448117 (aka ABIDA KHAN) was recently found guilty of securities and investment advisor fraud.  The Securities and Exchange Commission (SEC) has barred the former Ameritas advisor from acting as a broker or investment advisor or otherwise associating with firms that sell securities or provide investment advice to the public. Abida Khan […]

BARKLEY JW LUNDY JR, (also known as MIKE LUNDY JR, or MIKE LUNDY, CRD#: 2260127) a Rapid City, South Dakota investment advisor, formerly with PFS Investments Inc, was recently sentenced to five years in federal prison for allegedly taking $4.2 million of his clients’ money.  Mike Lundy pleaded guilty on May 19, 2017, to wire […]

Soreide Law Group, located in Pompano Beach, Florida, has filed a lawsuit against NEWBRIDGE SECURITIES CORPORATION of BOCA RATON, FL, for not supervising their registered representative in the sale of the ForceField Energy Inc (FNRG) stock. One of their brokers, GERALD JOHN COCUZZO (JERRY COCUZZO) CRD#: 4047511, was sentenced on July 7, 2017, to 18 […]

Soreide Law Group has filed a FINRA arbitration on behalf of their client (“Claimant”) against FIRST STANDARD FINANCIAL COMPANY, LLC, (“FIRST STANDARD”) and their registered representative, WILLIAM C GENNITY (“GENNITY”) CRD# 4913490. The Claimant, a married, father of four, is in his mid-forties and from Utah. The lawsuit states that the Claimant has minimal experience […]