PVCT TD Ameritrade lock out

Three New York brokers, Benjamin Chouchane, Marek Leszczynski, and Henry Condron, who all previously worked the cash desk at their Wall Street broker/dealer, had judgments entered against them on January 14, 2014, for overcharging clients $18.7 million. These brokers used hidden markups and markdowns, keeping secretly a portion of the profits from the trades. This […]

The following summation of information was found on FINRA's website under "Disciplinary and Other FINRA Actions, January, 2014." Thomas Paul O’Connor (CRD #5699014, Registered Representative, Boston, Massachusetts) was fined $10,000 and suspended by FINRA for 12 months. Allegedly O’Connor forged his client's signature on documents relating to buying insurance policies, a fixed life policy and […]

The Financial Industry Regulatory Authority, also known as FINRA, has issued a notice on their website which provides guidance to broker/dealers on the communications they have with their clients regarding unlisted real estate investment programs, including unlisted real estate investment trusts (REITs) and unlisted direct participation programs (DPPs) which invest in real estate. Recently, in […]

The following summation was obtained on the FINRA website. This information can be found under, "Disciplinary and Other FINRA Actions, January, 2014." Jose Jesus Martinez Jr. (CRD #5590432, Registered Representative, Glendale, Arizona) Martinez has been barred by FINRA. Allegedly when an elderly customer left his bank card on Marinez's desk, he kept the card and […]

The Soreide Law Group, (888) 760-6552, has obtained the following summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2014.” Ralph Joseph Mangini (CRD #1597490, Registered Representative, Yonkers, New York) was fined $10,000 and suspended from association with any FINRA member in any capacity for two months. Mangini consented to the […]

According to a recent interview on CNBC, Peter Schiff, of Euro Pacific Capital states that, “If the Fed starts tapering the whole economy will tank.” (See: http://www.cnbc.com/id/101352642 for the full interview.) Is gold a suitable investment for all investors? There seems to be a consensus that a small portion of a portfolio should be in […]

Soreide Law Group, (888) 760-6552, obtained the following summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2014.” Denise Ellen Roy Malin (CRD #3145027, Registered Principal, Grottoes, Virginia) was barred from association with any FINRA member in any capacity. Malin's customer opened variable annuity accounts and a mutual fund brokerage account […]

Soreide Law Group has been contacted by several Miami investors at FMS (First Miami Securities, Inc.) who were allegedly recommended to sell investment grade bonds with shorter-duration to purchase longer-duration lower-rated Puerto Rican bonds. Puerto Rican bond investors have suffered substantial losses due to the high risk of default by the bond issuers. Bond investors […]