There was a FINRA arbitration filed against Raymond James Financial for alleged over-concentration into risky oil and gas Canadian Royalty Trust stocks. The case alleges that the investors, a retired man in his 60s, and his mother who is 90 years-old, had brokerage accounts with Raymond James Financial, Inc. Their financial advisor recommended that they […]

Sean Francis Sheridan has been barred by FINRA for alleged excessive trading, also know as churning. FINRA's investigation found that he executed 205 excessive mutual fund trades with eight customer’s from January, 2007, through December, 2009. Sheridan effected these trades on a short-term basis of approximately four to five months, increasing customer losses while also […]

Soreide Law Group is investigating claims on behalf of investors who suffered investment losses in several TNP sponsored investments, including the TNP 2008 Participating Notes Program LLC, sold by Berthel Fisher & Co. Financial Services Inc., and other firms. Berthel Fisher was the underwriter, promoter, and Managing Broker/Dealer of the TNP 2008 Participating Notes Program, […]

Soreide Law Group is investigating claims on behalf of investors who suffered investment losses in several TNP sponsored investments, including the TNP 2008 Participating Notes Program LLC, sold by Berthel Fisher & Co. Financial Services Inc., and other firms. Berthel Fisher was the underwriter, promoter, and Managing Broker/Dealer of the TNP 2008 Participating Notes Program, […]

Soreide Law Group is investigating claims involving ICON leasing investments. The ICON leasing investments are illiquid and speculative investments that pay brokerage firms above average commissions for selling the investment to unsuspecting investors. Investors seeking income have suffered substantial losses of principal and income as ICON struggles to sell its used equipment to new purchasers. […]

Soreide Law Group is investigating claims involving ICON leasing investments. The ICON leasing investments are illiquid and speculative investments that pay brokerage firms above average commissions for selling the investment to unsuspecting investors. Investors seeking income have suffered substantial losses of principal and income as ICON struggles to sell its used equipment to new purchasers. […]

A Somerset County, N.J. financial advisor, Ralph A. Saviano, 72, of Bridgewater, was sentenced on Wednesday, September, 25th., 2013, to 27 months in prison for stealing $138,000 from two elderly investors and funding his "lavish lifestyle" with money he claimed to be investing in conservative securities and his business, U.S. Attorney Paul J. Fishman announced […]

Soreide Law Group is currently investigating claims on behalf of investors against Darrell Duane Smith, a former broker with Multi-Financial Securities, Mason City, Iowa, which is now known as, Cetera Advisors. These investors purchased I-Lenders and Energae from Darrell Smith. The allegations involved Smith “selling away” securities of either I-Lenders and Energae to Multi-Financial customers. […]

Soreide Law Group is currently investigating claims on behalf of investors against Darrell Duane Smith, a former broker with Multi-Financial Securities, Mason City, Iowa, which is now known as, Cetera Advisors. These investors purchased I-Lenders and Energae from Darrell Smith. The allegations involved Smith “selling away” securities of either I-Lenders and Energae to Multi-Financial customers. […]