Dozens of energy-related companies have filed for bankruptcy since 2015 due to the plummeting prices of crude oil.  Soreide Law Group continues to hear from a growing list of investors whose broker/dealers recommended a high-concentration of risky oil and gas stocks for their conservative portfolios.  In many cases this has caused devastating and irreplaceable losses […]

TROY CHRISTOPHER BALDRIDGE (CRD#: 2976766), a 48 year-old former registered investment advisor and broker/dealer in Glen Allen, Virginia, stole more than $500,000 from 15 clients over a five-year period.  Troy C. Baldridge was sentenced on March 10, 2017, to three years and five months in prison. Troy C. Baldridge, pleaded guilty in December 2016 to […]

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 […]