The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. StockCross Financial Services, Inc. (CRD #6670, Beverly Hills, California) censured, fined $20,000 and required to pay $6,781.40, plus interest, in restitution to customers. Without admitting or denying the […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. Morgan Keegan & Company, Inc. (CRD #4161, Memphis, Tennessee) was censured and fined $60,000. Without admitting or denying the findings, the firm consented to the described sanctions and […]

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, July, 2013.” Citigroup Global Markets Inc. (CRD #7059, New York, New York) was censured, fined $800,000 and ordered to pay $1,055.85, plus interest, in restitution to customers. The firm shall report unreported […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. Citadel Securities LLC (CRD #116797, Chicago, Illinois) was censured, fined $215,000, ordered to pay $239,582.12, plus interest, in restitution to customers, and required to revise its WSPs regarding […]

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, July, 2013.” Bishop, Rosen & Co., Inc. (CRD #1248, New York, New York) was censured, fined $32,500, ordered to pay $7,613.14, plus interest, in restitution to customers, and required to revise its […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. VSR Financial Services, Inc. (CRD #14503, Overland Park, Kansas) and Donald Joseph Beary (CRD #15818, Registered Principal, Lenexa, Kansas) the firm was censured and fined $550,000. Beary was […]

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, July, 2013.” GlobaLink Securities, Inc. (CRD® #29721, Pasadena, California) and Junhua Michael Liao (CRD #4278425, Registered Principal, San Gabriel, California) the firm was fined $20,000, jointly and severally with Liao. Liao was […]

The National Planning Corp.(NPC), a leading independent broker-dealer, said last week that it has suspended sales of American Realty Capital Trust V Inc., a fast-selling product that in June averaged sales of $10.8 million per day according to an article by Bruce Kelly of Investment News. Last Monday, NPC said that its concerns over ARC […]

On July 19, 2013, two South Florida brokers were barred by the Financial Industry Regulatory Agency (FINRA). In an article from the Sun Sentinel, Donna Gehrke-White writes that they were both accused of mishandling money. However, one case is on appeal and the sanctions don't take effect, pending the appeal. Alan Jay Davidofsky, Delray Beach, […]