There were allegations filed with the Financial Industry Regulatory Authority or FINRA Dispute Resolution, which state that a broker-dealer with AXA Advisors in Orange County, California, persuaded a retired couple, and a retired woman, to invest in essentially worthless and inappropriate investments. This alleged Ponzi scheme preyed on retired Filipino-Americans. The clients allege that the […]

FINRA, the Financial Industry Regulatory Authority Inc., is alerting broker-dealers to a number of shortcomings in how they communicate with investors about non-traded real estate investment trusts (REITs). According to FINRA, broker-dealers are falling short in a some areas, including distributing materials that contain misleading and inaccurate statements about the potentials of investing in illiquid […]

Soreide Law Group, PLLC, is committed to helping victims recover investment losses due to fraudulent or negligent conduct on behalf of their broker or financial advisors. We are able to represent investors nationwide in the handling of their securities arbitration claims. Our practice focuses on recovering investment losses due to stockbroker negligence or securities fraud. […]

Soreide Law Group is investigating claims on behalf of investors that purchased the Insight Real Estate LLC debenture. The Insight private placement was a highly illiquid investment that should have been sold to extremely aggressive, accredited investors. Pursuant to NASD Notice to Members 03-71, firms selling Insight were mandated to: (1) Perform due diligence to […]

Unfortunately, the investors in the large Chinese Internet companies, especially in the past two years, have lost a major part of their investments. Baidu (BIDU), is down 40 percent, Sina (SINA) down 60 percent, and Renren (RENN) down 85 percent. The once popular investments are now finding a huge decline. The decline can be attributed […]

The Federal Bureau of Investigation (FBI), Miami Field Office, announced that Scott Haire, 48, a resident of Coral Springs, Florida, pled guilty yesterday to conspiracy to commit securities fraud in violation of Title 18, United States Code, Section 371, in United States v. Scott Haire and Douglas Martin, Case No. 12-Cr-60133-Williams(s). Haire is the former […]

A Minnesota attorney and two San Francisco-area hedge fund promoters defrauded investors of more than $21 million by concealing the financial collapse of the fund's only borrower. The individuals raised more than $21 million from investors in the Capital Solutions Monthly Income Fund after the fund's sole business partner, Hennessy Financial, defaulted in May 2008, […]

The co-chief executive and chairman of the board of the $300 million TNP Strategic Retail Trust Inc., Tony Thompson, who has given himself the nickname “The Truth,” is currently facing an investigation by the Financial Industry Regulatory Authority Inc. (FINRA) for failing to turn over documents requested by FINRA, and the real estate investment trust […]

Yesterday, on this blog we wrote that The Financial Industry Regulatory Authority (FINRA) recently filed a cease-and-desist order against Success Trade Securities. It has now been reported that federal investigators are interested in speaking to multiple NFL and NBA players regarding an $18 million investment scheme. The U.S. Department of Justice, the Federal Bureau of […]