The following summation was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, December, 2013.” Michael J. Davey (CRD #4905761, Registered Principal, Nashua, New Hampshire) fined $5,000 and suspended from association with any FINRA member in any capacity for three months. Without admitting or denying the findings, Davey consented to the described sanctions and […]

Soreide Law Group, (888) 760-6552, obtained the following summation of information on FINRA’s website under “Disciplinary and Other FINRA Actions, December, 2013.” James Arnold Busch (CRD #1982074, Registered Representative, Atlanta, Georgia) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Busch allegedly utilized his customers’ bank account […]

The following summation was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, December, 2013.” Joan Lund Barere (CRD #5710454, Registered Representative, Norwalk, Connecticut) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Barere failed to respond to FINRA requests for information concerning the alteration of […]

UBS Financial Services Inc. is now offering to buy back shares at 'net asset value' of the Puerto Rico Bond Funds. However, investors who have lost much of their investments in this fund, are wondering if this is just a public relations ploy. Instead, many of these investors who have lost 16% or more, in […]

Gary Chackman, a former LPL Financial broker, was barred last week by the Financial Industry Regulatory Authority Inc.(FINRA) for several violations of securities industry rules, including falsifying documents, related to the sale of nontraded real estate investment trusts(nontraded REITS) from 2009 to 2012. In a December 19th InvestmentNews article, Bruce Kelly writes that nontraded REITs […]

Gary Chackman, a former LPL Financial broker, was barred last week by the Financial Industry Regulatory Authority Inc.(FINRA) for several violations of securities industry rules, including falsifying documents, related to the sale of nontraded real estate investment trusts(nontraded REITS) from 2009 to 2012. In a December 19th InvestmentNews article, Bruce Kelly writes that nontraded REITs […]

Paul J. Dumouchel of Wellesley, Massachusetts, was accused of convincing an 82-year-old woman with Alzheimer’s to withdraw more than $1 million from bank CD accounts and transfer the money into other investments so that he could then collect thousands of dollars in commission payments. Dumouchel has been barred by the Financial Industry Regulatory Authority (FINRA) […]

On December 16, 2013, the SEC filed a complaint against Leon Ali Parvizian and his two companies, Arcturus Corporation and Aschere Energy LLC, alleging that they fraudulently offered and sold securities "in the form of interests in oil and gas joint ventures." Also, promoters Alfredo Gonzalez, AMG Energy, LLC , Robert Balunas, and R. Thomas […]

On December 16, 2013, the SEC filed a complaint against Leon Ali Parvizian and his two companies, Arcturus Corporation and Aschere Energy LLC, alleging that they fraudulently offered and sold securities "in the form of interests in oil and gas joint ventures." Also, promoters Alfredo Gonzalez, AMG Energy, LLC , Robert Balunas, and R. Thomas […]