Latest Securities Lawyer News

THOMAS TIRRELL RIQUIER CRD#: 400088, a financial advisor from Gloucester, Massachusetts, was charged April 14, 2018, with violating the Massachusetts Uniform Securities Act by Secretary of the Commonwealth. His employer, United Planners Financial Services of America, is charged with failure to supervise its agent. Thomas T. Riquier has been accused of a real estate scheme […]

Soreide Law Group obtained the following information from the January, 2018 FINRA Disciplinary Report: Bruce A. Lefavi Securities, Inc. (CRD #10684, Salt Lake City, Utah)  was censured and fined $25,000 for allegedly preparing four retail communications and distributing them to numerous clients containing content that pertained to Real Estate Investment Trusts (REITs) and/or Business Development […]

Soreide Law Group obtained the following information from FINRA’s January 2018 Disciplinary Report:  Success Trade Securities, Inc. (CRD® #46027, Washington, DC) and Fuad Ahmed (CRD #2404244, Washington, DC) A Securities and Exchange Commission (SEC) decision became final in which Success Trade Securities was expelled from FINRA® membership and Fuad Ahmed was barred from association with […]

MICHAEL ALAN SIEGEL (MICHAEL A SIEGEL) CRD#: 1950871, a Livingston, New Jersey broker will have his agent registration revoked and was fined $100,000 in civil penalties against him and his company NJLI Advisors L.L.C. after defrauding an elderly couple of at least $280,000, according to the Attorney General of New Jersey Bureau of Securities. Allegedly, Michael […]

Soreide Law Group obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions January 2018.” Masood Husain Azad (CRD #4798445, Houston, Texas) was barred by FINRA for allegedly failing to provide FINRA-requested documents and information in connection with its investigation into allegations of misconduct by him while associated with his former member […]

JAMES S POLESE (CRD#: 2636427) and CORNELIUS PETERSON (CRD#: 5769919), both former Morgan Stanley financial advisors, pleaded guilty to fraud and conspiracy, according to the US Attorney in Boston. Polese also pleaded guilty to identity theft. Prosecutors say the two allegedly used client money for their own personal use.  According to court records, Polese and […]

JASON N ANDERSON CRD#: 4370191, a former LPL financial advisor from Beaumont, Texas, was suspended indefinitely by FINRA in October of 2017, and now the Texas State Securities Board has suspended Anderson for 90 days for allegedly charging unreasonable fees to his clients. The Financial Industry Regulatory Authority, Inc. (FINRA) suspended Anderson indefinitely in October […]

Soreide Law Group has been contacted by investors who sustained losses in managed futures funds while they were clients of California broker: STUART MYLES GODIN (STUART M GODIN, STU GODIN) CRD#: 223476 STUART M GODIN clients had invested in managed futures funds while Godin was at RBC CAPITAL MARKETS in Century City, California.  We are […]

Soreide Law Group obtained the following information from FINRA’s Disciplinary Report January 2018:  Timothy Thomas Gibbons (CRD #219872, New Orleans, Louisiana) was issued a deferred fine of $20,000, suspended from association with any FINRA member in all capacities for 18 months, and ordered to pay deferred partial restitution of $716,749.78, plus interest, to clients for […]