Joseph Lombardo, the 72-year-old founder of Ohio-based Prim Capital Corporation, has pleaded guilty in Manhattan Federal Court, on November 14th., to mail fraud and conspiracy to obstruct justice. Joseph Lombardo faces a possible 20 year sentence in prison. He is scheduled for sentencing March 20th. It was alleged that Lombardo used a stamp to forge […]

Soreide Law Group is investigating stock brokers who sold the BlackRock Municipal Target Term Trust Symbol “BTT” to elderly risk adverse investors. The BlackRock Municipal Target Term Trust’s stated objectives are to provide current income that is exempt from regular federal income tax and to return $25.00 per common share (the initial public offering price […]

The following summation was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2013.” Paul David Arnold (CRD #2278472, Registered Principal, Clearwater, Florida) was barred from association with any FINRA member in any capacity. Arnold did not pay restitution because the customer sought and obtained treble damages ('treble' is a term that indicates […]

The following summation was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2013.” Paul David Arnold (CRD #2278472, Registered Principal, Clearwater, Florida) was barred from association with any FINRA member in any capacity. Arnold did not pay restitution because the customer sought and obtained treble damages ('treble' is a term that indicates […]

Soreide Law Group, (888) 760-6552, obtained the following summation of information on FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2013.” Raymond James & Associates, Inc. (CRD #705, St. Petersburg, Florida) was censured, fined $15,000 and required to revise its WSPs (Written Supervisory Procedures). Without admitting or denying the findings, the firm consented to […]

The following summation was obtained from FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2013.” Martinez-Ayme Financial Group Incorporated dba Martinez-Ayme Securites (CRD #109838, Miami, Florida) was censured and fined $25,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that an issuer raised […]

The following summation was obtained from FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2013.” Martinez-Ayme Financial Group Incorporated dba Martinez-Ayme Securites (CRD #109838, Miami, Florida) was censured and fined $25,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that an issuer raised […]

Hugh R. Hunsinger, Jr., 50, of Pine Brook, New Jersey, a former Paramus financial advisor, was sentenced to five years in state prison for the theft of over $1.35 million from his own parents. Authorities called it, “as offensive as it is reprehensible.” Hunsinger took a plea deal in August which he surrendered his insurance […]

Hugh R. Hunsinger, Jr., 50, of Pine Brook, New Jersey, a former Paramus financial advisor, was sentenced to five years in state prison for the theft of over $1.35 million from his own parents. Authorities called it, “as offensive as it is reprehensible.” Hunsinger took a plea deal in August which he surrendered his insurance […]