Soreide Law Group, (888) 760-6552, has obtained this summation of information on FINRA’s website under “Disciplinary and Other FINRA Actions, March, 2014.” Edward Shea Brokaw (CRD #1162997, Registered Principal, Darien, Connecticut) was suspended for one year and fined $30,000 by FINRA. This following the SEC sustaining the sanctions following an appeal of a National Adjudicatory […]

The Financial Industry Regulatory Authority (FINRA) has said that it is examining the trading in the $3.5 billion of general-obligations that Puerto Rico sold this month in the largest ever high yield offering. These bonds are clearly not for the small investor. Puerto Rico sold the debt on March 11th., giving the island enough cash […]

On March 24th., 2014, LPL Financial was fined $950,000 for supervisory failures in the sales of alternate investments by the Financial Industry Regulatory Authority (FINRA). The deficiency in supervision is related to oil and gas partnerships, non-traded REITS, hedge funds, to name a few, and other illiquid investments. This fine is the latest in a […]

The following information was obtained on FINRA's Website under “Disciplinary and Other FINRA Actions, March, 2014.” Andres Enrique Rojas (CRD #4799671, Registered Representative, Miami, Florida) has been barred by FINRA for allegedly participating in impersonating a customer and obtaining online access to the customer’s account. Andres Rojas also made a false statement to his firm […]

Fort Lauderdale-based Soreide Law Group, (888) 760-6552, obtained this summation of information from FINRA’s website listed under “Disciplinary and Other FINRA Actions, March, 2014.” Jeffrey Griffin Lane (CRD #1663977, Registered Principal, Darien, Connecticut) and Robert Marcus Lane Jr. (CRD #1411773, Registered Principal, North Palm Beach, Florida) FINRA has fined Jeffrey Lane $25,000, barred him from […]

A Morgan Stanley broker, Vladimir Eydelman, 42, and a law firm employee, Steven Metro, 40, managing clerk at Simpson Thacher & Bartlett LLP in New York, were charged with insider trading on March 19th. Steven Metro, was accused of stealing confidential data on 13 corporate transactions and telling a middleman who then passed it on […]

The following summation of information is from FINRA's website under, "Disciplinary and Other Actions, March, 2014." Ariel Luis Hernandez (CRD #2684424, Registered Principal, Pembroke Pines, Florida) was barred by FINRA. Hernandez, according to FINRA's report, allegedly did not comply with requests for documents, information and testimony. FINRA began an investigation because of a Uniform Termination […]

Soreide Law Group, (888) 760-6552, obtained this summation of information from FINRA’s website listed under “Disciplinary and Other FINRA Actions, March, 2014.” Peter Bruno (CRD #1180960, Registered Principal, Boca Raton, Florida) was fined $20,000 and suspended by FINRA for three months. FINRA's findings stated that Bruno marketed his investment services through various media, however it […]

Patrick J. Sullivan, a 44 year-old Cumberland, Rhode Island, financial advisor, was barred from the securities industry by the U.S. Securities and Exchange Commission (SEC), after pleading guilty to fraud charges. The SEC issued the order on March 21st, 2014. Patrick Sullivan was a member and also a co-founder of and insurance business, Winchester Financial […]