Soreide Law Group, based in Pompano Beach, Florida, obtained the following information regading a Boca Raton, Florida broker from FINRA’s website under, “Disciplinary and Other FINRA Actions May 2018.”  Michael Bruce Ralby (CRD #1301072, Boca Raton, Florida) was barred by FINRA in all capacities for allegedly refusing to appear for a FINRA on-the-record testimony in […]

Soreide Law Group has been receiving calls from our clients who purchased MabVax Therapeutics Holdings, Inc. (MBVX) and experienced significant stock losses.  Not only were the brokers from Laidlaw and Company offering this stock, but Laidlaw also served as the “Sole Placement Agent” for the offering. Securities that are newly issued are typically more volatile […]

Soreide Law Group has been contacted by clients who purchased Asterias Biotherapeutics, Inc. (AST) and experienced stock losses.  Not only were the brokers from Laidlaw and Company offering this stock, but Laidlaw also served as the underwriter of the offering. Securities that are newly issued are typically more volatile than the older more established companies, […]

FRANCISCO JOSE ORTIZ (CRD#: 4677135 ), formerly with Wells Fargo Advisors in Miami, was suspended by FINRA for one month and fined him $5,000 for allegedly processing a fraudulent wire transfer request from an imposter posing as a client, according to FINRA. At the time of the allegations, FRANCISCO JOSE ORTIZ was a registered representative […]

Soreide Law Group has received calls from clients who purchased Cytori Therapeutics, Inc. (CYTX) and have suffered significant stock losses.  This security was offered by brokers at Laidlaw and Company, who were also the underwriter of the offering. Newly issued securities are typically more volatile than older more established companies, and if as an investor […]

Soreide Law Group has received calls from clients who purchased Affimed N.V., symbol (AFMD).  This security was offered by Laidlaw and Company, who also served as the underwriter of the offering. According to some of the facts on Yahoo Finance, Affimed N.V. is a clinical-stage biopharmaceutical company, which focuses on discovering and developing cancer immunotherapies […]

MCM Securities LLC (CRD #41571, New York, New York) was censured and fined $25,000 by FINRA following allegations that between April 2014 and June 2016, the firm distributed a total of 44 copies of offering documents in connection with the sale of three unregistered offerings of limited liability companies that were formed to build, own […]

Soreide Law Group, based in South Florida, obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions May 2018:”  Matthew Singer (Matthew Sam Singer)(CRD #4972708, Aventura, Florida) Singer was barred from association with any FINRA member in all capacities due to the fact that he allegedly refused to appear for FINRA on-the-record […]

Soreide Law Group, based in South Florida, obtained the following information from FINRA’s May 2018 Disciplinary Report on Miami broker:  Thomas Alan Meier (CRD #1146044, Miami, Florida) Meier was barred by FINRA for allegedly effecting approximately 1,290 unauthorized transactions, including both purchases and sales of equity securities, in eight accounts belonging to six clients. FINRA’s […]