On March 9, 2017, an investor won a $357,000 arbitration award against Wells Fargo Advisors for unsuitable energy and housing investments.  The investor claimed; fraud, negligent misrepresentation, breach of fiduciary duty and negligent supervision, among other causes. The panel awarded the investor $357,000 in compensatory damages plus 8.75% interest from March 25, 2016, until March […]

Soreide Law Group is currently investigating, on behalf of our clients, the private placement, Noble Royalty Access Funds. Noble Royalties, Inc. offers several oil and gas private placements through broker/dealers. Private placements can carry substantial risks, high commissions, and are often illiquid. The private placements involving oil and gas in particular, after the devastating losses […]

Soreide Law Group is currently investigating claims on behalf of clients whose brokers recommended a high concentration of BP Prudhoe Bay Royalty (BPT). Many of these investors were recommended by their brokers that they invest heavily in this oil stock. These investors watched as the price of crude oil plummeted along with their investments, and […]

Soreide Law Group, based in Florida, obtained the following information from FINRA’s February 2017 Disciplinary Report: (FINRA has issued the following complaint. 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 […]

Soreide Law Group recently filed a FINRA arbitration on behalf of their clients (Claimants) against: J.J.B. HILLIARD, W.L. LYONS, LLC (HILLIARD LYONS) The Claimants, a married and retired couple from Kentucky, both maintained their IRA accounts and one joint account with a HILLIARD LYONS registered representative. The Claimants were looking to maintain a conservative portfolio […]

Austin Wayne Morton (AUSTIN W MORTON) CRD#: 5538108 was named a respondent in a FINRA complaint alleging that he converted a total of $36,000 from an 82-year-old former client with dementia. The complaint alleges that Morton first took $20,000 in cash from the client shortly after the client, accompanied by Morton, had withdrawn the cash […]

CRAIG DAVID DIMA (CRAIG DIMA) CRD#: 2314389 was barred by FINRA after allegations that CRAIG DIMA cost his client hundreds of thousands of dollars trading Colgate-Palmolive stock without her permission. CRAIG DIMA, who was with K.C. Ward Financial in Ronkonkoma, NY, at the time, cost the 73-year-old retiree $575,000 in charges and lost dividend payments […]

Soreide Law Group, based in Florida, has filed a FINRA arbitration on behalf of our clients (Claimants) against:          RAYMOND JAMES & ASSOCIATES, INC.,         & registered representative SCOTT ALLEN SIBLEY (CRD# 15239819) (Respondents) The Claimants, a retired married couple from Florida, took the full cash benefit of their retirement which was nearly $1 million.  Allegedly, […]

Soreide Law Group has filed a FINRA Arbitration on behalf of their clients against PARK AVENUE SECURITIES, LLC, and their registered representative, LIZABETH GOTUACO TY (BETH TY). The Claimants are a married couple from Texas who run a non-denominational church. They make investments on behalf of the church which is funded by the parishioners. They […]