Soreide Law Group is investigating potential claims involving former Freedom Investors Corp registered representative, Kevin F. Harrington. Upon information and belief, Mr. Harrington sold Freedom Investors Corp clients the Hennessey Financial Monthly Income Fund without his firm’s approval. The SEC has alleged that the Hennessey Fund never had any meaningful income and was using new […]

Investors have only six years to bring a claim for investment losses. Soreide Law Group is currently investigating Citigroup Smith Barney's London-based hedge fund, CSO Partners ("CSO"). Citigroup spokesman, Jon Diat, recently said that the firm has "temporarily suspended redemptions of all shares of CSO to stabilize the fund." In a recent Wall Street Journal […]

Today, the Securities and Exchange Commission (SEC) charged Thomas Belesis, owner of independent broker-dealer, John Thomas Financial, and a Houston-based hedge fund manager, with defrauding investors. The SEC said hedge fund manager George R. Jarkesy Jr., worked closely with Mr. Belesis to launch two hedge funds that raised $30 million from investors, and that as […]

According to a recent article in the New York Times, LPL Financial, has 13,300 brokers, 6,500 offices, 4.3 million customers — and a growing list of problems with regulators. LPL 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--its […]

Soreide Law Group, PLLC, a Securities Arbitration Law Firm, (888) 760-6552, found the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, March, 2013.” Glen Edward Smith Jr. (CRD #1023145, Registered Principal, Lake Worth, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Smith […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, March, 2013.” Jim Eugene Scala Jr. (CRD #2493873, Registered Representative, Palm Harbor, Florida) was fined $5,000 and suspended from association with any FINRA member in any capacity for 15 business days. FINRA gave Scala credit for serving a suspension imposed by his […]

Soreide Law Group, Securities Arbitration Law Firm (888) 760-6552, recently obtained this information from the FINRA website under “Disciplinary and Other FINRA Actions, March, 2013.” Alan Richard Joyce (CRD #1683601, Registered Principal, Jacksonville, Florida) was fined $7,500 and suspended from association with any FINRA member in any capacity for 60 business days. Without admitting or […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, March, 2013.” George Robert Hunt (CRD #2568842, Registered Principal, Sarasota, Florida) was fined $10,000, suspended from association with any FINRA member in any capacity for one year and ordered to pay $63,500, plus interest, in restitution to a customer. Without admitting or […]

Soreide Law Group, Securities Arbitration Law Firm (888) 760-6552, recently obtained this information from the FINRA website under “Disciplinary and Other FINRA Actions, March, 2013.” Paul Grover Gomez (CRD #702551, Registered Representative, El Toro, California) was fined $75,000 and suspended from association with any FINRA member in any capacity for three months. Without admitting or […]