The makers of solar inverters, Satcon Technology Corporation, filed for bankruptcy protection in October of 2012. The shares of the company had a market value as high as $6.32 before its precipitous drop. The Boston, Massachusetts Company has reported a loss for 22 consecutive quarters. Satcon makes power conversion equipment utilities which are used with […]

The following summation is from information available on FINRA's Website under “Disciplinary and Other FINRA Actions, April, 2014.” Mark Raymond Talley (CRD #4969783, Registered Representative, Ft. Mitchell, Kentucky) was barred by FINRA for allegedly recommending to his customer that he should replace an existing variable annuity with a new variable annuity. FINRA's findings stated that […]

The Soreide Law Group, (888) 760-6552, has obtained the following summation of information from FINRA’s website listed under “Disciplinary and Other FINRA Actions, April, 2014.” Allen Hugo Reichman (CRD #1002285, Registered Representative, Irvington, New York) was barred by FINRA for failing to appear for FINRA testimony. FINRA's findings stated Reichman’s lawyer said in a phone […]

The Securities and Exchange Commission (SEC) filed an emergency action to halt a Ponzi scheme conducted by JCS Enterprises, Inc., T.B.T.I. Inc., and principals Joseph Signore of West Palm Beach, Fla. and Paul L. Schumack II of Pompano Beach, Fla. on April 7, 2014 This complaint alleges that from 2011 to the present, Signore and […]

The Securities and Exchange Commission (SEC) announced on January 29, 2014, that the US District Court for the Middle District of Florida, granted the SEC's Motion for Summary Judgment on the SEC's claims against Defendant Gurudeo "Buddy" Persaud. The Court imposed injunctions prohibiting Persaud from violating these provisions of the Securities Act and the Exchange […]

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The following is a summation of information available on FINRA's Website under “Disciplinary and Other FINRA Actions, April, 2014.” Christopher David Mackey (CRD #5836017, Registered Representative, Grayson, Georgia) was fined $5,000 and suspended by FINRA for 18 months. According to FINRA's report Mackey allegedly effected or caused to be effected, transactions in his clients' accounts […]

Soreide Law Group, (888) 760-6552, has obtained this summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, April, 2014.” William Bradford Coolidge (CRD #1636957, Registered Representative, Cordova, Tennessee) was barred by FINRA for allegedly effecting trades in elderly clients’ accounts without written authorization or his firm’s acceptance of their accounts as discretionary. […]

JOSEPH J. HENNESSY, a 53 year-old financial advisor from Western Springs, Illinois, was charged with running a Ponzi scheme which defrauded at least 10 investors out of $2.9 million. According to federal prosecutors' announcement on Friday, this took place over a five-year period. JOSEPH J. HENNESSY, who was registered with FINRA, CRD# 1380254, was indicted […]