Soreide Law Group is currently investigating claims on behalf of investors against Darrell Duane Smith, a former broker with Multi-Financial Securities, Mason City, Iowa, which is now known as, Cetera Advisors. These investors purchased I-Lenders and Energae from Darrell Smith. The allegations involved Smith “selling away” securities of either I-Lenders and Energae to Multi-Financial customers. […]

Soreide Law Group is currently investigating claims on behalf of investors against Darrell Duane Smith, a former broker with Multi-Financial Securities, Mason City, Iowa, which is now known as, Cetera Advisors. These investors purchased I-Lenders and Energae from Darrell Smith. The allegations involved Smith “selling away” securities of either I-Lenders and Energae to Multi-Financial customers. […]

Behringer Harvard REIT I, Inc., a Dallas-based real estate investment trust, has announced a new name – TIER REIT, Inc. as of June 23rd., 2013. TIER REIT owns 44 commercial office properties throughout the United States with the majority being in Houston, Austin and Dallas/Ft. Worth, Chicago, Philadelphia, Washington, D.C.; Charlotte, North Carolina and select […]

Soreide Law Group, (888) 760-6552, has obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, September, 2013.” Adam A. Pflum (CRD #5220575, Registered Representative, Clayton, North Carolina) was suspended from association with any FINRA member in any capacity for one year. Without admitting or denying the findings, Adam A. Pflum consented […]

Soreide Law Group, (888) 760-6552, has obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, September, 2013.” Adam A. Pflum (CRD #5220575, Registered Representative, Clayton, North Carolina) was suspended from association with any FINRA member in any capacity for one year. Without admitting or denying the findings, Adam A. Pflum consented […]

The following information has been obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, September, 2013.” Richard D. Mellema (CRD #4592368, Registered Principal, Grandville, Michigan) was fined $15,000, suspended from association with any FINRA member in any capacity for 30 business days and suspended from association with any FINRA member in any principal capacity […]

Soreide Law Group, a Securities Arbitration Lawfirm, (888) 760-6552, has obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, September, 2013.” Robert Brian Kay (CRD #1133657, Registered Principal, Las Vegas, Nevada) was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Kay consented to […]

Private placements are securities in non-public offerings that are exempt from registration under the federal securities laws. Billions of dollars are raised each year by selling these securities. Private placements can be a good source of capital for American businesses, especially start-up companies. However, investing in private placements is risky business and can tie up […]

FINRA lists the following on their website under “Disciplinary and Other FINRA Actions, September, 2013.” Stephen Yarkpazuo Jensen (CRD #4400624, Registered Representative, Redford, Michigan) was barred from association with any FINRA member in any capacity. Jensen misappropriated a client’s funds without her knowledge by taking loans totaling $12,500 against her insurance policy and forging her […]