Latest Securities Lawyer News

Soreide Law Group obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions, January 2018.” PATRICIA GAIL PETERSON (PATRICIA EVERSHED,PATRICIA EVERSHED PETERSON)  (CRD #1962901, Henderson, Nevada) was fined $7,500 and suspended by FINRA in all capacities for 20 business days for allegedly using discretion to place trades in the accounts of her […]

AFinancial Industry Regulatory Authority, Inc. (FINRA) arbitration panel ordered Morgan Stanley and one of  their advisors, STEVEN PHILIP ANDERSON (STEVE ANDERSON, STEVEN P ANDERSON) CRD#: 1254635 to return a client’s investment in two private placement funds, which totaled $536,000 and also pay him $37,500 in damages for what the client claimed were unsuitable investments. The […]

AFinancial Industry Regulatory Authority Inc. (FINRA) arbitration panel awarded a San Diego investor the entire amount of her claim, $1.67 million in compensatory and punitive damages, against broker, DAVID LLOYD BARBER CRD#: 1165082, and his firm, MADISON AVENUE SECURITIES. DAVID LLOYD BARBER was ordered to pay his former client $1.2 million of the compensatory and […]

Soreide Law Group obtained the following information on FINRA’s website under, “Disciplinary and Other FINRA Actions, January 2018.”  Robert Francis Leis (CRD #2396271, Louisville, Kentucky)  was assessed a deferred fine of $5,000 and suspended by FINRA for 20 business days for allegedly effecting securities transactions in the accounts of clients on a discretionary basis without […]

Unfortunately, Soreide Law Group continues to see the egregious misconduct by licensed broker/dealers taking advantage of their elderly clients.  This incredibly shocking behavior appears often in FINRA’s monthly Disciplinary Report.  It is important to shed light on this misconduct and make elderly clients and their family members aware of broker elder abuse. It is essential […]

Soreide Law Group obtained the following information from FINRA’s Disciplinary Report January, 2018: HANK MARK WERNER (HENRY WERNER) (CRD#: 1615495 Northport, New York) Has been barred by a FINRA extended hearing panel, for fraudulently churning and excessively trading the accounts of his client—a blind, elderly widow—and for making unsuitable recommendations. The hearing panel also ordered […]

The South Florida-based Soreide Law Group, obtained the following FINRA issued complaint from the January, 2018, Disciplinary Report. 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 to any of the […]

MATTHEW EARL PEREGOY (MATT PEREGOY) CRD#: 2430960   was barred by FINRA on January 16, 2018.  Without admitting or denying the findings, MATTHEW EARL PEREGOY consented to the sanction and to the entry of findings that he did not produce FINRA requested information related to its investigation into potential misuse of funds and failure to […]

MATTHEW DONALD KERBY (CRD#: 5381195)   was barred by FINRA on January 16, 2018. Without admitting or denying the findings, MATTHEW DONALD KERBY consented to the sanction and to the entry of findings that he refused to provide FINRA requested information and documents related to its investigation into the allegations that he converted his elderly […]