A Soreide Law Group, based in Pompano Beach, Florida, obtained the following information from FINRA’s June 2017 Disciplinary Report on South Florida firm:  Legend Equities Corporation (CRD #30999, Palm Beach Gardens, Florida) was censured and required to provide FINRA with a plan to remediate eligible clients who qualified for, but did not receive, the applicable […]

Soreide Law Group (888-760-6552) obtained the following information from FINRA’s June 2017 Disciplinary Report:  Mid Atlantic Capital Corporation (CRD #10674, Pittsburgh, Pennsylvania)  was censured and fined $100,000 by FINRA for allegedly failing to adequately supervise the private securities transactions of their two registered representatives. FINRA’s findings stated that at the time of their association with […]

Soreide Law Group obtained the following information from FINRA’s June 2017 Disciplinary Report: Todd Michael Schoenwalder (CRD #2005038, Brookfield, Wisconsin) was assessed a deferred fine of $15,000 and suspended by FINRA for 15 months for allegedly engaging in a pattern of check kiting by depositing checks totaling $171,700 into two personal checking accounts, drawn from […]

Soriede Law Group, based in South Florida, obtained the following information on FINRA’s Disciplinary Report from June 2017 regarding Miami broker:  Enrique Mercado Jr. (CRD #2242873, Miami, Florida)   Marcado was assessed a deferred fine of $15,000 and suspended by FINRA for 12 months following allegations that he submitted a false and backdated FINRA Rule […]

Sabine Oil and Gas (symbol: SOGCQ) has declared bankruptcy.   The September 23, 2016 form 8937 filing (Report of Organizational Actions Affecting Basis of Securities) states in part 2 that “By order of the bankruptcy court, the common stock held by the Sabine shareholders were cancelled for no consideration.”  The company itself has filed bankruptcy […]

Soreide Law Group obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions May 2017.” First Dallas Securities Incorporated (CRD #24549, Dallas, Texas) was censured and fined $45,000 by FINRA for allegedly improperly charging ticket charges in at least 449 transactions involving 129 accounts for clients of its affiliated Registered Investment Advisor […]

Soreide Law Group has filed a FINRA arbitration, on behalf of their client (Claimant), against WELLS FARGO ADVISORS, LLC. The Claimant, in his mid-sixties, retired, and from Louisiana, transferred his retirement account from UBS to Wells Fargo with registered representative, Keith Fontenot CRD# 2296303. The Claimant stated, and was accurately recorded, that his risk tolerance […]

STEVEN ROLAND KNUTTILA (STEVEN KNUTTILA) CRD#: 3039112 According to FINRA’s BrokerCheck, Steven Knutilla, a Perham, Minnesota broker with Capital Financial Services, Inc., has 21 Disclosures on his report, with 20 listed as “Customer Disputes.”  Of the cases pending, the clients are alleging, among other things, unsuitable sales and recommendations of alternative investments, poor investment advice, […]

FINRA issued the following complaint in May of 2017. Issuance of a disciplinary complaint represents FINRA’s initiation of a formal proceeding in which findings as to the allegations in the complaint have not been made, and does not represent a decision as to any of the allegations contained in the complaint. Because these complaints are […]