KIMBERLY PINE KITTS (CRD#: 2768200), a 51 year-old financial advisor from Massachusetts, was charged with defrauding multiple clients of  over $3 million from the client investment and retirement accounts, according to the SEC complaint filed in federal court. Kitts was formerly with Royal Alliance Associates of Palmer, Massachusetts, which does business as Marquis Consulting, which […]

SEC Fines Alexander Capital For Failure To Supervise Alexander Capital, L.P. (CRD #40077, New York, New York) is a broker-dealer registered with both Securities Exchange Commission (“SEC”) and Financial Industry Regulatory Authority (“FINRA”) that consented to an SEC Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and […]

Aclient of CRAIG DONALDSON HODGES (CRD#: 1714289) received an award granted by a FINRA arbitration panel (Arbitration No.17-02401) against Craig Hodges, Hodges' brokerage firm, Hodges Capital Management, and his investment advisory firm, First Dallas Securities.  According to FINRA’s BrokerCheck, which is available to the public on FINRA’s website, the client alleged: BREACH OF FIDUCIARY DUTY, BREACH […]

Soreide Law Group recently filed a FINRA arbitration on behalf of their clients (Claimants) against: MORGAN STANLEY and their former registered representative, MICHAEL EDWARD FITZ-GERALD (MICHAEL EDWARD FITZGERALD) CRD# 209062 (Respondents)  The Claimants are a retired, married couple living in California. MICHAEL EDWARD FITZ-GERALD, was an employee and registered representative of MORGAN STANLEY. The lawsuit […]

Soreide Law Group has filed a FINRA arbitration on behalf of their client (Claimant) against the firm: CAPITAL FINANCIAL SERVICES, INC. (Respondent) The Claimant is retired, in his 70s, and living in Maryland. The lawsuit alleges that the Claimant was looking for safe and secure retirement income and sought the advice of CAPITAL FINANCIAL broker, […]

Soreide Law Group obtained the following information on FINRA’s website under, “Disciplinary and Other FINRA Actions, June 2018.”  Soreide Law Group has handled past cases against Park Avenue Securites. Park Avenue Securities LLC (CRD #46173, New York, New York) was censured, fined $300,000 and required to submit a written certification to FINRA that it has […]

HECTOR ANTHONY MAY (HECTOR A MAY) CRD#: 323779, a 77 year-old financial advisor from Orangeburg, New York, has been accused of operating a Ponzi-like fraud by his former clients.  May worked as an investment contractor for Securities America since 1994.  Some of Hector May’s clients recently filed a complaint against the national brokerage house, accusing them of […]

CORNELIUS PETERSON (CRD#: 5769919) a former MORGAN STANLEY of Boston financial advisor, was sentenced by a federal judge in Boston to 20 months in prison for misusing hundreds of thousands of dollars in clients’ money. Peterson pleaded guilty in February to fraud and conspiracy due to unauthorized investments in a wind farm. According to the […]

Soreide Law Group has filed a FINRA arbitration on behalf of their clients (Claimants) against:  AMERITAS INVESTMENT CORP. (Respondent)  The Claimants are a retired, married couple who allegedly relied upon AMERITAS INVESTMENT CORP. and its former financial advisor, Michael Arteca. The lawsuit states that Arteca had sold the Claimants an annuity with a guaranteed income benefit. […]