In a January 22, 2014, article in InvestmentNews, entitled, "Schorsch's pickup of J.P. Turner: "Such a bargain!" by Bruce Kelly, Securities Attorney, Lars Soreide, is quoted in the article referencing the claims his clients have had against JP Turner. The following is a passage directly from the article: "A review of J.P. Turner's roster of […]

David L. Cheviron, 61, a former financial advisor from Jackson Township, Ohio, was sentenced recently to 38 months in prison. Cheviron embezzled $442,072 from four of his clients. Not only was Cheviron ordered to pay the entire amount back to his clients, he was also ordered to pay $85,616 to the IRS. He pleaded guilty […]

The following summation of information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2014.” Donald Richard Dahn (CRD #2172800, Registered Representative, Palm City, Florida) was barred from association with any FINRA member in any capacity. FINRA found that Dahn borrowed $27,100 from customers without repaying the loans. The money was represented […]

The Soreide Law Group, (888) 760-6552, has obtained the following summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2014.” Timothy John Coyle (CRD #2437046, Registered Representative, Palm Harbor, Florida) was recently fined $5,000 and was suspended from December 2, 2013, through June 1, 2014. Without admitting or denying the findings, […]

Many national brokerage firms, such as JP Turner and Co., sold investment notes of real estate investor Tony Thompson that promised high yields. The TNP 12% notes sold by JP Turner and other brokerage firms, are the subject of a Financial Industry Regulatory Authority Investigation (FINRA). As much as $50 million was raised through the […]

Maxwell B. Smith III, 73, of Fair Haven, N.J., was sentenced to 15 years in prison for using $9.8 million of his elderly clients' savings to pay his mortgage, home renovations and vacations to France. Smith pleaded guilty to first-degree money laundering. Smith operated a $9 million Ponzi Scheme, Health Care Financial Partners, for 17 […]

The following summation of information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2014.” Irving Marvin Burstein (CRD #1218326, Registered Principal, Boynton Beach, Florida) was suspended for one year and required to cooperate with FINRA or any other regulator in investigations and hearings related to his member firm. Burstein was his […]

James F. Liebes, a securities dealer from Paradise Valley, Arizona, was ordered to pay more than more than $759,000 for selling fake stock shares to investors. Not only was Liebes selling stock in publicly traded companies that he didn't own, he wasn't registered to sell securities in the State of Arizona. James F. Liebes and […]

Soreide Law Group, (888) 760-6552, has obtained the following summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2014.” Jinesh Pravin Brahmbhatt (CRD #2491299, Registered Representative, Potomac, Maryland) was barred from association with any FINRA member in any capacity. Brahmbhatt failed to appear and testify at a disciplinary proceeding regarding a […]