Soreide Law Group has obtained the following summary of information from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2015.” Malcolm McGreggor Meikle Jr. (CRD #331313, Standish, Maine) was assessed a deferred fine of $10,000 and suspended by FINRA for 20 business days for allegedly purchasing Unit Investment Trusts (UITs) for clients without prior […]

Soreide Law Group, (888) 760-6552, obtained this summation of information from FINRA’s website, in “Disciplinary and Other FINRA Actions, January, 2015.” Rick Dean Bianchi (CRD #2580219, Des Moines, Iowa) was assessed a deferred fine of $5,000 and suspended by FINRA for three months for allegedly creating and providing to his firm a falsified document purporting […]

Cantor Fitzgerald & Co. (CRD #134, New York, New York) was censured, fined $65,000 and required to revise its WSPs (Written Supervisory Procedures). Allegedly, Cantor Fitzgerad & Co. failed to publish immediately a bid or offer that reflected the price and the full size of customer limit orders for over-the-counter (OTC) equity securities, held by […]

Soreide Law Group, (888) 760-6552, has obtained the following summation of information from FINRA’s website, under “Disciplinary and Other FINRA Actions, January, 2015.” John Joseph Plunkett (CRD #2321368, Brooklyn, New York) was barred by FINRA and the SEC sustained the bar imposed by the National Adjudicatory Council (NAC). These sanctions were based on findings that […]

Dale Edward Para (CRD #1028917, North Oxford, Massachusetts) was barred by FINRA for allegedly intentionally providing false trading and account information to a client and the client’s father, who had power of attorney over the client’s account. FINRA's findings stated that Para misrepresented to the client and his father that he had executed hundreds of […]

The Soreide Law Group has obtained the following summary of information from FINRA’s website, “Disciplinary and Other FINRA Actions, January, 2015.” James Mark McLaughlin (CRD #1925099, Westover, Alabama) was barred by FINRA for allegedly excessively trading in clients’ accounts. FINRA's findings stated that McLaughlin recommended unsuitable short-term trading of A-share mutual funds in clients’ accounts, […]

American Realty Capital Properties (ACRP), a real estate investment trust(REIT), is currently facing claims by several of their investors. Among the claims, many investors are saying ACRP fraudulently inflated their performance figures. Among the complaints filed is a lawsuit filed by two Ohio public pension funds, the New York City retirement system, and the Teachers […]

James Orlow Maloney (CRD #1056257, South Colorado Springs, Colorado) was assessed a deferred fine of $10,000 and suspended by FINRA for 10 months for allegedly selling equity-indexed annuities (EIAs) outside the scope of his employment with his member firm and without providing the firm any notice of the business activity. FINRA's findings stated that Jim […]

Constance Marie Larsen (CRD #1171750, Centreville, Virginia) was assessed a deferred fine of $20,000 and suspended by FINRA for two years for allegedly borrowing $16,900 from an elderly client without notifying or receiving pre-approval from her member firm. FINRA's findings stated that Larsen knew the firm’s written procedures prohibited the loans and she took steps […]