An arbitration panel of the Financial Industry Regulatory Authority (FINRA) has ruled in favor of the investor in an arbitration case against Wells Fargo Advisors LLC, and E*Trade Securities LLC. The FINRA arbitration panel found Wells Fargo Advisors liable to the investor for $50,253 in compensatory damages, and E*Trade Securities liable for an additional $33,502 […]

The Financial Industry Regulatory Authority (FINRA) announced in December, 2012, that Pruco Securities, LLC, a New Jersey based registered broker-dealer, was ordered to pay nearly $11 million in restitution and $550,000 in fines for failing to process written mutual fund orders received by mail or fax, to have in place an adequate supervisory system designed […]

U.S. District Judge Kiyo Matsumoto's dismissal of a class action lawsuit against David Lerner Associates Inc. earlier this week was a major victory for the Long Island-based financial adviser writes Andrew Osterland in an April 5th., 2013, article for InvestmentNews.com. “Plaintiffs' belabored Complaint appears only to confirm that the Apple REITs are currently functioning in […]

Soreide Law Group, PLLC, a Securities Arbitration Law Firm, (888) 760-6552, located in Ft. Lauderdale, Florida, which is in Broward County, recently ran across an article from the Sun-Sentinel newspaper written by Donna Gehrke-White, regarding former professional football player Johnny Rutledge. The article states that Rutledge remembers seeing the first hint of trouble several years […]

Lamoreaux v. MML Investors, FINRA ID # 10-04047 (Los Angeles, CA, 3/27/2013) - A Los Angeles Financial Industry Regulatory Authority ("FINRA") arbitration panel has entered an award against MML Investors Services, LLC ("MML") in favor of its customer, Ms. Lamoreaux. The Panel awarded $1,120,000 in compensatory damages to Ms. Lamoreaux, who invested in an unregistered […]

In another transaction, John Thomas CEO, Anastasios (Tommy) Belesis, of John Thomas Financial, reportedly mismanaged a start-up company marketing software to help police find missing children. Allegedly, John Thomas Financial pocketed or threw away nearly half of $13 million raised for the company, AMBER Ready. Belesis reportedly hijacked the company’s development program, giving consulting contracts […]

Soreide Law Group- Securities Arbitration Law Firm - (888) 760-6552 stated in a blog from this website dated March 13th., 2013, LPL Financial, LLC, is now the nation’s fourth-largest brokerage firm — after Wells Fargo, Morgan Stanley and Merrill Lynch — and the largest in much of rural America. LPL’s explosive growth has brought the […]

VFinance Investments, Inc., is listed on FINRA's BrokerCheck as having total of 22 "Disclosure Events:" 17 are Regulatory Events, and 5 are Arbitrations A disclosure events is described by FINRA as "certain criminal matters, regulatory actions, civil judicial proceedings, and financial matters in which the brokerage firm or one of its control affiliates has been […]

The following is a summary of information that appeared on FINRA's website: Arete Wealth Management, LLC (CRD #44856, Schaumburg, Illinois) was censured and fined $25,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it approved a private offering to customers and failed to […]