The following is an article from the Reno Gazette-Journal, from Sept. 4th., 2012, written by Jaclyn O'Malley: Former Reno financial advisor indicted by feds related to ponzi scheme Sep 04 A former Reno financial advisor has been indicted on federal charges related to duping elderly and inexperienced investors of at least $2 million with a […]

Merrill Lynch has agreed this week to pay a $400,000 fine in a 'fund-churning' case brought by the Financial Industry Regulatory Authority Inc. (FINRA). Merrill will also pay $139,718 in restitution to the customers involved. Allegedly Merrill failed to supervise it's former broker David Bredenburg, who worked in the Towson, Md. office. FINRA claimed Merrill […]

In a California appeals court ruling that makes it easier for brokers to expunge customer complaints and disciplinary actions from their records, many feel it could have far-reaching implications for brokers everywhere, writes Dan Jamieson in an August 31st. article from InvestmentNews.com. In an Aug. 23, 2012, decision, the California Court of Appeal for the […]

Soreide Law Group is currently investigating claims by investors of ICON Leasing Fund Eleven, LLC. ICON Leasing Fund Eleven purchases, and leases equipment to third parties in the United States, Canada, and Europe. It also provides financing. This fund was founded in 2004. As with any private placement, investments in ICON Leasing Fund Eleven involve […]

The Securities and Exchange Commission (SEC) voted yesterday to allow the issuers of private securities, such as hedge funds, to advertise their offerings and make solicitations to the public writes Dan Jamieson for InvestmentNews.com. This rule change is mandated under the "Jumpstart Our Business Startups Act." Solicitation and advertising of private offerings, which would include […]

Did you buy the Tsunami Lake Shore Integrated Fund, LLC, (“Tsunami Investments”) and other structured products from William John Anderson’s? Anderson may have recommended an investment in Tsunami Lake Integrated Fund, LLC, which was pursued by the US Commodity Futures Trading Commission as a fraudulent investment scam. William John Anderson is a broker with Morgan […]

The Soreide Law Group, PLLC, is currently investigating claims by investors of the Thompson National Properties 12 Percent Notes Program a/k/a TNP 12 Percent Notes. Thompson National Properties LLC, have suspended interest payments to investors in a private placement sold to raise capital for the firm. Thompson has suspended interest payments on the Thompson National […]

On the SEC's website they write that under the Securities Act of 1933, any offer to sell securities must be registered with the SEC or meet an exemption. Regulation D (or Reg D) contains three rules providing exemptions from the registration requirements. While companies using a Reg D exemption do not have to register their […]

On the website of the Financial Industry Regulatory Authority (FINRA), it was announced August 23, 2012, that FINRA fined Rodman & Renshaw LLC $315,000 for supervisory and other violations relating to the interaction between the firm's research and investment banking functions. Rodman's former CCO, William A. Iommi Sr., was fined $15,000, suspended from acting in […]