Recently FINRA issued an alert to investors regarding the purchase of securities "on margin." There was a 27% increase in trading on margin over the first nine months of 2013, which averaged to more than $406 billion. FINRA is concerned that investors are underestimating the risks of trading on margin. When the investors cannot satisfy […]

Soreide Law Group, (888) 760-6552, has obtained the following summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, December, 2013.” Joann Jackson (CRD #2246952, Registered Representative, Coeur d’Alene, Idaho) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Joann Jackson consented to the described […]

The following summation of information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, December, 2013.” Charles Scot Jacobi (CRD #1209710, Registered Principal, Palatine, Illinois) was fined $25,000, suspended from association with any FINRA member in any capacity for one month, and ordered to retake the examinations for the Series 7 and 63 […]

Soreide Law Group, (888) 760-6552, obtained the following summation of information on FINRA’s website under “Disciplinary and Other FINRA Actions, December, 2013.” Steven Lee Goldberg (CRD #1077437, Registered Principal, St. Louis, Missouri) was fined $15,000 and suspended from association with any FINRA member in any capacity for two months. Without admitting or denying the findings, […]

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 […]