David Louis Bocchino (CRD #3168609, Registered Representative, Bradenton, Florida) was fined $7,500, which includes disgorgement of $2,850 in commissions, and suspended from association with any FINRA member in any capacity for three months. Without admitting or denying the findings, Bocchino consented to the described sanctions and to the entry of findings that he became licensed […]

Andrew James Aragona (CRD #1320844, Registered Representative, Deerfield Beach,Florida) was fined $138,500 and suspended from association with any FINRA member in any capacity for one year. These sanctions were based on findings that Aragona recommended unsuitable variable annuity switches to an elderly customer. The FINRA findings stated that Aragona failed to conduct an objective, quantitative […]

Soreide Law Group is currently investigating 'TNP 12 Percent Notes Program LLC' issued by Thompson National Properties, LLC. Recently the interest payments to investors have been suspended in the TNP 12 Percent Notes Program LLC issued by Thompson National Properties LLC. The TNP 12 Percent Notes were sold by 22 independent broker-dealers. The minimum investment […]

JP Morgan funds greater that $500 million in assets (does not include money market funds) Symbol Name Fund Total Assets WOBDX US JPMORGAN CORE BOND-SEL $26,955,960,938 HTSXX US JPMORGAN 100% US TREASU-MORG $19,766,330,078 JSOAX US JPMORGAN STRAT INC OPP-A $12,892,559,570 OHYFX US JPMORGAN HIGH YIELD-SEL $11,660,675,781 HLLVX US JPMORGAN SHRT DURAT BND-SEL $11,501,179,688 JAMCX US […]

If you bought Lime Energy (NASDAQ: LIME) between May 13, 2010 and July 17, 2012 you may be able to participate in a potential class action lawsuit. Contact Soreide Law Group at 888-760-6552 for more information.

If you bought Bridgepoint Educations (NYSE: BPI) between May 3, 2011-July 12, 2012 you may be able to participate in a potential class action lawsuit. Contact Soreide Law Group at 888-760-6552 for more information.

ICON Income Fund Ten, LLC, is in the process of liquidation, states Businessweek in a recent article. ICON engages in purchasing and leasing equipment to third parties; provides equipment financing; and acquires ownership rights to leased equipment at lease expiration in the United States and the United Kingdom. This company’s portfolio of equipment comprises container […]

On July 25th., 2012, the U.S. Attorney's Office in Baton Rouge, La.,  charged Timothy R. Schlatre with mail fraud, money laundering and asset forfeiture for his alleged role in a life insurance scam. Schlarte was an agent for New York Life Insurance Co. and Lincoln National Corp. He allegedly made hundreds of thousands of dollars in commissions by selling […]

It was recently reported that Michael Todd Crosswhite, 42, of Forest, Virginia,  a financial adviser, admitted that he stole more than $1 million from his clients. They stated that Michael Todd Crosswhite pleaded guilty to wire fraud and money laundering during a hearing in U.S. District Court in Lynchburg. The prosecutors in this case said that Crosswhite […]