The following summation information was found on FINRA’s website under “Disciplinary and Other FINRA Actions February 2015.” Call the Soreide Law Group, a Securities Arbitration Law Firm, at (888) 760-6552. David Glenn Chapman (CRD #1702066, Holmdel, New Jersey) was barred by FINRA for allegedly forging a deceased client’s signature on a document necessary to renew […]

James Francis Reid (CRD #2197427 Cypress, Texas) was barred by FINRA for allegedly converting client funds for his own personal use by depositing cash and check insurance premiums, totaling more than $21,000, from clients of his member firm’s insurance affiliate into his personal checking account instead of applying the funds for the clients’ benefit. FINRA's […]

David Leonard Potter (CRD #2991638, St. Petersburg, Florida) was assessed a deferred fine of $15,000 and suspended by FINRA for five months for allegedly participating in a private offering before his member firm approved the offering and after the firm requested that he cease participation. FINRA's findings stated that Potter failed to file the offering […]

Florida-based Soreide Law Group, (888) 760-6552, obtained the following summation of information from FINRA's website under “Disciplinary and Other FINRA Actions, February, 2015.” Brian Lewis Pittman (CRD #2963196, Naples, Florida) was assessed a deferred fine of $7,500 and suspended by FINRA for four months for allegedly participating in private securities transactions, specifically the sale of […]

This is a list of the 10 worst-performing stocks of 2014 in the S&P 500 according to FactSet. Six of the 10 worst-performing stocks were from the energy sector. Oil and gas driller Transocean suffered the biggest loses in the S&P 500 in 2014. 10 Worst-performing S&P 500 stocks of 2014 Coach Inc. COH $36.83 […]

Did your broker/dealer or financial advisor recommend investing in any of the following? This is a list of the 10 biggest stock losers so far this year. Six of the losers also had bad returns in 2014, even though the S&P rose 13.7%. According to FactSet, these are the 10 worst-performing S&P 500 stocks this […]

Popular Securities, Inc. nka Popular Securities, LLC (CRD #8096, San Juan, Puerto Rico) was censured and fined $125,000 for alleged failure to establish, maintain, and enforce a supervisory system and procedures reasonably designed to identify and review concentrated securities purchases, including PR municipal bonds and PR closed-end funds. FINRA's findings stated that when the PR […]

Oriental Financial Services Corp. (CRD #29753, San Juan, Puerto Rico) was censured, fined $245,000 and must submit to FINRA a proposed methodology of how it will identify, review and remediate unsuitably concentrated Puerto Rico (PR) securities purchases. At a minimum, the methodology must include Oriental Financial Services Corp’s review of customers’ concentrated PR securities purchases […]

NEXT Financial Group, Inc. (CRD #46214, Houston, Texas) was censured, fined $265,000 and ordered to pay $177,071.01, plus interest, in restitution to customers for allegedly purchasing agency securities for its own account from a customer or sold agency securities for its own account to a customer in the course of its business at an unfair […]