Soreide Law Group (888-760-6552) found the following information from FINRA's Disciplinary Report, March 2016. Richard A. McGuire (CRD #4637028, Bay Shore, New York) Alternate Names: RICH ALLEN MCGUIRE, RICH MCGUIRE was barred by FINRA and ordered to pay $95,000, plus interest, in restitution to a client’s estate. The NAC  (National Adjudicatory Council a FINRA committee […]

The following information was obtained on FINRA's website from their March 2016 Disciplinary Report. Stephen M. Oberman (CRD #1309066, Naperville, Illinois) was fined $10,000 and suspended by FINRA for four months for allegedly falsifying signatures on LOAs requesting fund disbursements from, and changes of address to, the account of a client of his member firm. […]

Soreide Law Group obtained the following from FINRA's Disciplinary Report, March, 2016. Michael B. Winegar (CRD #1232800, Salem, Oregon) Alternate Names: MIKE WINEGAR was barred by FINRA for allegedly converting $100,000 from an elderly client and using the funds to repay his family and personal debts, and to trade securities on his own behalf.  UPDATE: […]

The Pompano Beach, Florida-based Soreide Law Group, obtained the following information from FINRA's website listed under, "Disciplinary and Other FINRA Actions, March 2016." Jeffrey L. Davidson (CRD #1352867, Stuart, Florida) was fined $10,000 and suspended by FINRA for three months for allegedly recommending unsuitable mutual fund switch transactions in customer accounts. FINRA's findings stated that […]

The Soreide Law Group (888-760-6552) obtained the following information on FINRA's website under, "Disciplinary and Other FINRA Actions March 2016." Global Arena Capital Corp (CRD® #16871, New York, New York) was expelled from FINRA membership, fined $1 million and ordered to disgorge $333,083.26, plus interest. FINRA's sanctions were based on findings that Global Arena Capital […]

The South Florida-based Soreide Law Group obtained the following information on FINRA’s website under, “Disciplinary and Other FINRA Actions, March 2016:” ALFRED P. REEVES III (CRD# 372836)Alternate Names: ALFRED P REEVES, ALFRED PIERREPONT REEVES was barred by FINRA and ordered to pay $28,704.93, plus prejudgment interest, in restitution to his former member firm. The SEC […]

Soreide Law Group has been contacted by several clients regarding this product and is currently investigating: Morgan Stanley Cushing MLP High Income ETN (MLPY) 52wk Range: 4.46 - 14.40 While energy supply and demand dynamics may be changing, the benefits are not yet felt in the profits for MLPs (Master Limited Partnerships).  Onshore crude production […]

Pompano Beach, Florida-based Soreide Law Group obtained from FINRA’s “Disciplinary and Other Actions March 2016,” the following information on Boca Raton broker: MORISSA F. RIVO (CRD# 5149961) was barred by FINRA, without admitting or denying the findings, Rivo consented to the sanction and to the entry of findings that she failed to appear for FINRA […]

DAVID J. ESCARCEGA (CRD# 4367584) was barred by FINRA recently for selling risky debt to his elderly clients. FINRA also fined Escarcea $52,270 which was the amount he made in commissions he charged his elderly clients, as much as 5% on the sales. Escarcega has been registered with the securities industry for fourteen years. According […]