David E.A. Seagren, 69, Franklin, PA, was arraigned April 14, 2014, on more than 50 felony charges. Seagren is accused of 22 counts of theft by deception and theft by unlawful taking, plus seven counts of forgery for the alleged theft of $183,786.86 from a 97-year-old woman’s checking accounts. This happened over three years while […]

Félix “Tito” Trinidad, a Puerto Rican boxing legend, is being pursued by creditors while he files a claim against the financial advisor who invested more than $60 million of his money in Puerto Rican government bonds. Felix Trinidad has filed with the Financial Industry Regulatory Authority (FINRA) claiming that his financial advisor, José “Pepe” Ramos, […]

The Financial Industry Regulatory Authority (FINRA) filed a regulatory complaint against two former brokers from MetLife Securities Inc, (a unit of MetLife Inc). The brokers, Christopher Birli and Patrick Chapin, who both worked for MetLife in Williamsville, New York, until 2012, allegedly engaged in a seven-year scheme to inflate their commissions by having customers switch […]

Registered Representative, John Cherry III, New York, NY CRD # 1891720, has been barred by FINRA and ordered to pay $174,000, plus prejudgment interest, in restitution to customers, plus $300,000 in disgorgement. Allegedly, Cherry converted funds from his member firm customers for his own personal use without the customers’ authorization. FINRA's findings stated that allegedly […]

Registered Representative, ANTHONY C. LAZARUS (CRD# 5713015) South Ozone Park, New York, had a FINRA complaint filed against him alleging that he converted approx. $27,000 from two elderly customers of his firm’s affiliated bank. FINRA's complaint alleges that Lazarus accessed one of the customer’s bank account and charged on-line payments to be made from that […]

Soreide Law Group is currently representing investors against Meyers Associates, a small New York firm which unfortunately, is known for having many of their registered representatives with negative marks on their employment records. These negative marks or "disclosure events" often show up in FINRA's BrokerCheck, which is a database available to the public located on […]

The Soreide Law Group, (888) 760-6552, obtained this summation of information located on FINRA’s website under “Disciplinary and Other FINRA Actions, March, 2014.” Jack Richard Kelly (CRD #1994768, Registered Principal, Millington, Tennessee) was barred by FINRA for allegedly converting $85,000 from his clients. FINRA's findings said a client gave Jack Kelly checks totaling $40,000 that […]

Golden Beneficial Securities Corporation, a Texas securities firm, was ordered to pay $2.5 million to a couple who invested with the firm by the Financial Industry Regulatory Authority (FINRA) for failing to supervise their broker who was allegedly involved in a Ponzi scheme. The Texas couple accused Golden Beneficial Securities Corp. of failing to safeguard […]

Soreide Law Group, based in Ft. Lauderdale, Florida, is currently investigating Oriental Financial Services Corp., which operates as a subsidiary of Oriental Financial Group Inc., on behalf of clients who have suffered losses in the risky Puerto Rican municipal bond funds. Oriental Financial is headquartered in San Juan, Puerto Rico. They offer financial services in […]