The Pompano Beach, Florida-based Soreide Law Group obtained the following information on a complaint filed against a Florida broker from FINRA’s website under, “Disciplinary and Other FINRA Actions, May 2016.” Dennis Mark Adam Merritt (CRD #1748115, Palm Harbor, Florida) was named a respondent in a FINRA complaint alleging that he participated in private securities transactions […]

Soreide Law Group has filed several cases on behalf of our clients against brokers who recommended: Petróleo Brasileiro S.A. - Petrobras (PBR) Brazil's state-run energy giant Petroleo Brasileiro S.A., or Petrobras PBR has one of the highest debt loads in the oil industry. With the drop in crude oil prices and the weakened Brazilian real, […]

Soreide Law Group is currently investigating, on behalf of investors who have suffered devastating losses from purchasing, at their brokers’ recommendations, shares in: Transatlantic Petroleum  Symbol: TAT TAT’s 52 week range:  0.52 - 5.98 TransAtlantic Petroleum, Ltd., an oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural […]

On February 16, 2016, John Joseph Labarca (CRD #2030473, Spotswood, New Jersey) was barred by FINRA for allegedly refusing to provide FINRA with requested information and documents in connection with FINRA’s investigation into allegations made against Labarca in a statement of claim a client had filed. (FINRA Case 2015045012301) According to FINRA’s BrokerCheck, Labarca has […]

Kayne Anderson MLP (NYSE: KYN) has lost 57% in the past year. 52 week range:  10.10 - 35.02 Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P.  Their principal business is to operate assets used […]

On Sunday, May 15, 2016, Breitburn Energy Partners LP (BBEP), filed for chapter 11 bankruptcy protection due to plummeting oil prices. Business operations will continue while Breitburn negotiates a restructuring and participates in talks with creditors in hopes of coming back to the market after the restructuring.  Investors in Breitburn Energy will be hit hard […]

CLAUS C. FOERSTER (CRD# 1912949), a 55 year-old former financial adviser with Raymond James and Associates of Greenville, SC, pleaded guilty to five counts of wire fraud on May 10, 2016 before a U.S. District Court Judge in Greenville.  Foerster faces up to 10 years in prison and a fine of $250,000 for each of […]

Soreide Law Group (888-760-6552) has been contacted by former clients of broker Jerry D. McCutchen, Sr., formerly with Berthel, Fisher & Compay of Mobile, Alabama.  We are actively investigating McCutchen and his recommendations of ATEL12, LLC and ATEL 14, LLC, and other high-risk private placements. JERRY D. MCCUTCHEN SR (CRD# 1076678) Alternate Names: JERRY DEWAYNE […]

Soreide Law Group is conducting an investigation on behalf of their clients into Aequitas Management, LLC (the company) and other Aequitas related companies which occurred between January of 2014 through January of 2016. If your broker or financial advisor recommended these private note investments, call 888-760-6552. The U.S. Securities and Exchange Commission (SEC) sued the […]