The list below represents 25 of the worst performing stocks of 2013.  Name Symbol-Close-Net Chg-%Chg-Volume-52WkHigh-52WkLow-YTD % Chg 1 Prospect Global Resources PGRX 1.74 -0.05 -2.79 49,036 91.00 1.50 -97.60 2 Desarrolladora Homex ADS HXM 1.17 ... ... 613,242 14.96 1.08 -90.63 3 NewLead Holdings NEWL 1.77 0.12 7.27 652,171 122.85 1.14 -90.17 4 Golden […]

In a recent article from Forbes, the worst performing biotech stocks from 2013 were listed. Of the companies that posted negative results, the worst damage came to those that presented bad clinical data or had run-ins with the U.S. Food and Drug Administration. The Worst-Performing Biotech Stocks of 2013 CLSN Celsion Corporation 52.9 -89.4 ASTM […]

Former Honolulu, Hawaii, ING financial advisor, Bruce Harada, 57, was sentenced to 20 years in prison for stealing more than $2.5 million in retirement money from 21 current and former city employees. The judge also ordered Harada to pay back his former employer, ING North American Corp., more than $1.8 million it reimbursed Harada's victims. […]

Recently FINRA, the Financial Industry Regulatory Authority, reissued an alert to investors on municipal securities—including municipal bonds or "muni bonds." These municipal bonds are securities issued by states, cities, counties and other governmental entities so that they can raise money to build roads, schools and a many other projects. Municipal securities can also include bonds […]

On January 9th., 2014, the Financial Industry Regulatory Authority (FINRA) ordered two St. Louis-based broker/dealers, Stifel, Nicolaus & Company, Incorporated and Century Securities Associates, Inc., to pay fines of $550,000 and $475,000 in restitution to 65 customers in connection with sales of leveraged and inverse exchange traded funds (ETFs). Stifel and Century are affiliates and […]

Recently FINRA issued an alert to investors regarding the purchase of securities "on margin." There was a 27% increase in trading on margin over the first nine months of 2013, which averaged to more than $406 billion. FINRA is concerned that investors are underestimating the risks of trading on margin. When the investors cannot satisfy […]

Soreide Law Group, (888) 760-6552, has obtained the following summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, December, 2013.” Joann Jackson (CRD #2246952, Registered Representative, Coeur d’Alene, Idaho) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Joann Jackson consented to the described […]

The following summation of information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, December, 2013.” Charles Scot Jacobi (CRD #1209710, Registered Principal, Palatine, Illinois) was fined $25,000, suspended from association with any FINRA member in any capacity for one month, and ordered to retake the examinations for the Series 7 and 63 […]

Soreide Law Group, (888) 760-6552, obtained the following summation of information on FINRA’s website under “Disciplinary and Other FINRA Actions, December, 2013.” Steven Lee Goldberg (CRD #1077437, Registered Principal, St. Louis, Missouri) was fined $15,000 and suspended from association with any FINRA member in any capacity for two months. Without admitting or denying the findings, […]