Latest Securities Lawyer News

On FINRA's website, the Financial Industry Regulatory Authority, announced that it has barred broker Jeffrey Rubin of Lighthouse Point, Florida, from the securities industry for making unsuitable recommendations to his customer, an NFL player, to invest in illiquid, high-risk securities issued in connection with a now-bankrupt casino in Alabama. As a result, the customer lost […]

Soreide Law Group is investigating potential claims against John Thomas Financial. John Thomas Financial raised approximately $5,000,000 as the lead underwriter for America West. Many investors have suffered complete losses in this investment. In October 2008, John Thomas Financial acquired 15,000,000 warrants, and 5,000,000 options on America West. John Thomas Financial, owned by Anastasios “Tommy” […]

Soreide Law Group, PLLC, had begun an investigation on behalf of clients of Jason T. Knapp, formerly employed by Dawson James Securites. Knapp was charged with allegedly running a Ponzi scheme through SteepleChase Group. Knapp allegedly promised his clients, many from New York and Florida, unrealistic returns of 18 to 20 percent. Knapp was registered […]

Recently, FINRA, the Financial Industry Regulatory Authority Inc., issued an Alert telling investors that if interest rates rise, “outstanding bonds, particularly those with a low interest rate and high duration, may experience significant price drops.” Many big investors have already have warned that risk in the bond market is rising. However, last month's slight move […]

Recently, on the Financial Regulatory Industry Authority's (FINRA) website, they posted a very valuable article on equity-indexed annuities. The following information is from this article. "Sales of equity-indexed annuities (EIAs)—also known as "fixed-indexed insurance products" and "indexed annuities"—have grown considerably in recent years. Although one insurance company at one time included the word "simple" in […]

For someone with Alzheimer's disease, one of the first skills to decline is the high-level function required to accomplish financial tasks such as paying bills, balancing a checkbook or reading a brokerage statement. Unfortunately, the number of Americans with Alzheimer's disease is expected to nearly triple by 2050. This epidemic will put even more pressure […]

Myers v. Deutsche Bank, FINRA ID # 11-02623 (San Francisco, CA, 2/12/2013) - Customers who purchased premium-financed life insurance recover $834,193 in compensatory damages and $100,000 in attorney fees. What is premium-financed life insurance? For affluent people who don't want to liquidate other assets to pay for life insurance, borrowing funds from a third party […]

Soreide Law Group has been contacted by several investors who purchased Celsion Corp., through the brokerage firm of J.D. Nicholas & Associates. Theses investors are considering pursuing individual claims against J.D. Nicholas for potential sales practice violations through FINRA, The Financial Industry Regulatory Authority. On January 30th, Celsion Corp., symbol “CLSN”, dropped from $7.78 per […]

The Financial Industry Regulatory Authority, FINRA, fined and censured a company owned by Cetera Financial Group, one of the country’s largest networks of independent broker-dealers, $40,000 for late and improper filings in more than half of its sales branch offices, among other filing problems. Cetera Advisor Networks, over a two-and-a-half year period ending last year, […]