The following summation of information is from FINRA's website under "Disciplinary and Other Actions, May, 2014." Robert Christian Acri (CRD #1429736, Winnetka, Illinois) was barred by FINRA for his alleged involvement in the sale of alternative investments. These alternative investments included promissory notes which had defaulted. According to FINRA, they had requested information and documents […]

Soreide Law Group, (888) 760-6552, obtained the following summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, May, 2014.” SunGard Brokerage & Securities Services LLC (CRD #104162, Geneva, Illinois) was censured and fined $15,000 by FINRA. According to the FINRA report, SunGard allegedly failed to establish, maintain, and also enforce their written […]

The following summary of information is available on FINRA's Website under “Disciplinary and Other FINRA Actions, May, 2014.” Investors Capital Corp. (CRD #30613, Lynnfield, Massachusetts) was censured and fined $100,000 by FINRA. According to the FINRA report, allegedly Investors Capital Corp. failed to give exchange-traded fund (ETF) prospectuses to their customers. (The definition in finance […]

Soreide Law Group, PLLC, (888) 760-6552, has obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, May, 2014.” The information has been condensed. Global Hunter Securities, LLC (CRD #123003, New Orleans, Louisiana) was censured and fined $35,000 for allegedly failing to establish anti-money laundering (AML) procedures. The AML procedures are designed […]

Ft. Lauderdale-based Soreide Law Group, (888) 760-6552, obtained the following summation of information from FINRA’s website listed under “Disciplinary and Other FINRA Actions, May, 2014.” Mitchell Garrett (CRD #4829212, Fort Lauderdale, Florida) received a deferred fine of $10,000, was suspended by FINRA for 30 business days, and required to cooperate with FINRA's investigation alleging that […]

Robert E. Lee Jr., 50, broker and financial advisor from Oxford, Connecticut, was charged on May 12, 2014, with bilking millions of dollars from his clients through an alleged Ponzi scheme. Lee was employed by several firms. Federal prosecutors allege that Lee's Ponzi scheme occurred from January 2011 through March 2014. Prosecutors allege Lee told […]

JOSE A. CARBAJAL (CRD# 2691767), a financial advisor from Downey, California, was arrested recently for allegedly stealing $300,000.00 from his elderly clients. Criminal charges have been filed against Carbajal. Jose Carbajal was charged with three counts of theft from an elderly person exceeding $200,000. Carbajal was arraigned in Los Angeles County Superior Court. According to […]

Florida broker Emily Palmer Vitale, with Florida Investment Advisors now known as BT Wealth Advisors, a subsidiary of The Tampa Banking Co., was fined $5000 and suspended for three months by FINRA for allegedly forging a client’s signature. In January 2014, Vitale allegedly cut and pasted a customer’s signature from another document to another. Christopher […]

UBS AG, a Swiss global financial services company that is headquartered in Basel and Zürich, Switzerland, is being sued by a number of their older investors claiming they were put into mutual funds that were invested heavily in Puerto Rico bonds. According to a May 6th., 2014 article in Reuters, this risky investment cost these […]