The U.S. Securities and Exchange Commission (SEC), recently upheld a penalty which banned from the securities industry for life, Carl Birkelbach, now 72, the founder of now-defunct Chicago firm, Birkelbach Investment Securities Inc., for failing to supervise a broker who generated more than $1 million in commissions during 3-1/2 years in the early 2000s while […]

McMillan v. Newbridge Securities, FINRA ID #12-01880 (Boca Raton, FL, 6/24/2013) - Two clients recover $983,200, including damages and interest, against a broker who allegedly stole funds from numerous accounts. THE FOLLOWING IS FROM FINRA'S WEBSITE: CASE SUMMARY Claimants asserted the following causes of action: breach of fiduciary duty; negligence; negligent supervision; violation of Article […]

Did you invest in risky Tenants In Common ("TICs")? Soreide Law Group is currently investigating the following TICs: Westridge Executive Plaza, Gemini East West S, LLC, USA Tranquility Lakes Apartments, Covington Arbors Acquisition, and USA Matthews Corners. It has come to our attention that these investments may have been unsuitable or inappropriate for certain clients […]

Investors who contacted Soreide Law Group regarding this product have received quotes in the secondary market for as low as $5 per share for their CNL Lifestyle Properties shares. The Securities and Exchange Commission (SEC), has reported that CNL focused on lifestyle properties including: 23 ski and mountain lifestyle properties, 51 golf facilities, 52 senior […]

On June 26, 2013, FINRA, the Financial Industry Regulatory Authority Inc., fined a Miami investment firm over one million dollars for allegedly charging excessive mark-ups and mark-downs on bond sales. StateTrust Investments Inc. was fined $1.045 million and was ordered to pay $353,319 in restitution to customers for charging unfair prices in 563 corporate-bond transactions […]

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013.” Crucible Capital Group, Inc. (CRD® #133542, New York, New York) and Charles J. Moore (CRD #4525896, Registered Principal, East Brunswick, New Jersey) submitted an Offer of Settlement in which the […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. Raymond James & Associates, Inc. (CRD #705, St. Petersburg, Florida) was censured, fined $27,500 and required to revise its WSPs regarding compliance with NASD Rule 2440 and IM-2440. […]

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013.” HKC Securities, Inc. nka ACGM, Inc. (CRD #29705, New York, New York) and Harold Kenneth Cohen (CRD #49888, Registered Principal, Palm Beach, Florida) the firm was censured and fined $50,000, […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. Michael John Woods (CRD #1884701, Registered Principal, Dexter, Michigan) was fined $20,000 and suspended from association with any FINRA member in any capacity for two years. Without admitting […]