Latest Securities Lawyer News

MetLife’s Kelly Barnett Sanctioned For Trading Without Authorization Kelly Marvin Barnett (CRD #4127608, Sarasota, Florida), who was a registered representative of MSI Financial Services from August 27, 2012 until being discharged on November 19, 2015, has consented to paying a $15,000.00 fine and being suspended by the Financial Industry Regulatory Authority (“FINRA”) from acting as a […]

FINRA Bars Broker Dealer Financial Corp’s Norman R. Sicard Jr. Norman R. Sicard Jr. (CRD #2269472, West Des Moines, Iowa), who was a registered representative of Broker Dealer Financial Services Corp. between May 26, 2011 and December 15, 2016, consented to being barred by the Financial Industry Regulatory Authority (“FINRA”) from acting as a broker […]

FINRA Bars Pruco Representative For Converting Customer Funds Vaughn Lee Andrews-McKay (CRD #6491985, Shelton, Connecticut), who was a registered representative of Pruco Securities, LLC between August 25, 2015 and May 1, 2018, consented to being barred by the Financial Industry Regulatory Authority (“FINRA”) from acting as a broker or associating with FINRA member broker-dealer firms […]

FINRA Fines J.W. Cole Broker For Borrowing From Customer Michael T. Swingle (CRD #723350, Clearwater, Florida), who was a registered representative of J.W. Cole Financial, Inc. between August 29, 2007 and November 3, 2016, consented to paying a $5,000 fine and being suspended by the Financial Industry Regulatory Authority (“FINRA”) from acting as a broker […]

Merrill Lynch Customer Files $10,000,000 Arbitration Claim Alleging Misrepresentations Hector J. Gonzalez (CRD #5330726, Miami, Florida), who has been a registered representative of Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”) since June 21, 2010, disclosed via Financial Industry Regulatory Authority (“FINRA”) BrokerCheck that his sales practices have caused a customer to file an […]

Ameriprise Ordered To Pay Customer after Fraud allegations Michael Anthony Lipscomb (CRD #2286249, Orlando, Florida), who has been a registered representative of Ameriprise Financial Services, Inc. (“Ameriprise”) since August 27, 2014, disclosed via Financial Industry Regulatory Authority (“FINRA”) BrokerCheck that his activities are the subject of a customer-initiated investment-related arbitration dated November 29, 2017. The […]

ALEX GERARDO HERRERA CRD#: 3204779, a former registered representative from UBS FINANCIAL SERVICES of Coral Gables, Florida, was barred by FINRA, August 8, 2018. Herrera consented to the sanction and to the entry of FINRA’s findings that he refused to provide information requested by FINRA in connection with its investigation of his possible participation in […]

Soreide Law Group has filed a FINRA arbitration on behalf of their client (Claimant) against: IBN FINANCIAL SERVICES, INC (IBN) The Claimant is a retired police officer from Pennsylvania who was solicited to invest with IBN registered representative, Anthony Diaz (“Diaz”) (CRD # 4131948), on or about October 2012. The Claimant was looking to generate […]

MICHAEL JAMES FREW (MIKE FREW) CRD#: 812805, a 70-year-old Hillsborough, California resident formerly with Wells Fargo Advisors in San Francisco, was arrested and charged with mail fraud, wire fraud, and money laundering for running an alleged real estate Ponzi scheme, according to federal prosecutors in San Francisco. MIKE FREW’s alleged scheme began in 2010.  According […]