The Florida Office of Financial Regulation (OFR) issued a Final Order on March 26, 2012, against Charles Schwab & Co, Inc., including a $1.1 million fine, for the distribution of inaccurate descriptions of preferred equity securities, municipal bonds and corporate bonds to customers from 2008 to 2011. Additionally, the OFR examination concluded that Schwab did […]

Soreide Law Group is filing claims against brokers and brokerage firms that sold Energy 12, LLC. This Limited Liability Corporation is managed by Energy Exploration Management, LLC., and it's executive offices are located in New York. If you’ve experienced investment losses due to your stock broker/financial advisor’s recommendations of Energy 12, LLC, call Soreide Law […]

Soreide Law Group is filing claims on behalf of investors who bought Lease Equity Appreciation Fund II at the recommendation of their stock broker or financial advisor. According to Bloomberg BusinessWeek Company Overview, Lease Equity Appreciation Fund II, L.P. acquires a diversified portfolio of new, used, and reconditioned equipment that are leased to third-parties in […]

National Securities Corporation financial advisor, Brian Folland, who has over 30 reported customer complaints on his broker check report, is being named along with National Securities for the sale of the Roundstone Healthcare Capital. It is alleged that Roundstone was a high risk private placement that was being marketed as a conservative income producing investment. […]

Lars Soreide, Esq., of Soreide Law Group is bringing claims on behalf of investors through the Financial Industry Regulatory Authority (FINRA), against Ken Miller for the sale of the Hennessey Fund f/k/a the Hennessey Fund also known as Capital Solutions. Ken Miller sold the Hennessey Fund while at NFP Securities, when he worked for NFP […]

Soreide Law Group is investigating claims into Kenneth R. Miller, who was selling the True North Fund while at NFP Securities. Kenneth Miller entered into an Acceptance, Waiver, and Consent ("AWC" 2011029137801) with the Financial Industry Regulatory Authority, also known as FINRA, for his role in the sale of the True North Fund a/k/a Hennessey […]

A FINRA arbitration panel ordered Wells Fargo & Co.'s (WFC) retail brokerage unit to pay retired real-estate broker, Philip Lovell, $1.8 million for losses tied to investments in soda and pharmaceutical companies. Lovell accused Wells Fargo Advisors and Wells Fargo broker, John Bulkley Meacham, of having him invest his money in thinly traded securities that […]

The Financial Industry Regulatory Authority (FINRA) has fined StateTrust Investments Inc., Miami, FL, over $1 million and firm’s broker, Jose Luis Turnes, was fined $75,000 and suspended for six months as a result of a FINRA investigation into the company exaggerating the markups and markdowns on corporate bonds and in 85 instances, the company misled […]

Many of the brokers from John Thomas Financial Inc. (JTF), the New York boiler room that closed after regulators accused the founder Anatasios “Tommy” Belesis of fraud, have found new employers in New York’s financial district writes Zeke Faux in a recent Bloomberg article. The two brothers of John Thomas founder, Tommy Belesis, George and […]