THOMAS HOWARD CANIFORD (TOM CANIFORD) CRD#: 1049021 a former LPL Financial broker who pled guilty in Ohio to 135 counts in 2016, had an order filed against him by the Securities and Exchange Commission (SEC) on March 30, 2017 to bar him from the securities industry.  Tom Caniford was permanently barred by the Financial Industry Regulatory […]

Soreide Law Group obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions” from March 2017: James Carolan Speno (CRD #431912, New York, New York) was assessed a deferred fine of $5,000 and suspended from by FINRA for 30 business days for allegedly exercising discretionary power in client accounts in approximately 1,000 […]

Florida-based Soreide Law Group obtained the following information from FINRA’s March 2017 Disciplinary Report: Dennis Coral (CRD #4561718, Miami, Florida) was suspended by FINRA for 15 business days and due to his financial status, no monetary sanction has been imposed following allegations that Dennis Coral shared in losses sustained by his member firm’s client by […]

SquareTwo Financial Corporation, a Colorado-based debt collector, filed Chapter 11 bankruptcy on Sunday, March 19, 2017, in the U.S. Bankruptcy Court for the Southern District of New York. Soreide Law Group is currently investigating, on behalf of several investors, bond purchases in SquareTwo Financial Corp. recommended by their broker/dealers. SquareTwo Financial Corp, together with its […]

Soreide Law Group obtained the following information from FINRA’s March 2017 Disciplinary Report: Christopher B. Ariola (CRD #2957096, Santa Monica, California) was barred by FINRA and ordered to pay a total of $137,993.13, plus prejudgment interest of $18,657.43, in restitution to clients for allegedly making unsuitable recommendations to elderly retirees to invest a substantial portion […]

Christopher Cervino and Sheik F. Kahn were each convicted of one count of conspiracy to commit securities fraud, one count of securities fraud, one count of conspiracy to commit wire fraud, and one count of wire fraud. Ms. Kahn also was convicted of investment advisor fraud and aggravated identity theft crimes. They are each facing […]

Soreide Law Group recently filed a FINRA arbitration on behalf of our client (Claimant) against NATIONAL SECURITIES and their registered representative, DAVID L. MANDRA (CRD# 2749551). The Claimant, a retired former law enforcement officer from Idaho who sustained a severe injury, had received a settlement for approximately $225k which he deposited with NATIONAL SECURITIES.  MANDRA, […]

Soreide Law Group has filed the third lawsuit on behalf of clients (Claimants) against PARK AVENUE SECURITIES, LLC, & LIZABETH GOTUACO TY (BETH TY) of Sugar Land, Texas. BETH TY CRD#4737319, was an employee and registered representative of PARK AVENUE SECURITIES from January 2006 through July 2015. She relinquished her FINRA registration the same month […]

Soreide Law Group has filed a FINRA arbitration on behalf of our clients against VFG Securities for selling an over-concentration of the private placement, Macquarie Equipment Leasing Fund, LLC. Macquarie Equipment Leasing Fund, LLC is an open ended fixed income mutual fund launched and managed by Macquarie Asset Management Inc. It invests in portfolio of […]