Soreide Law Group has already filed three FINRA arbitration claims against financial advisor, Matthew A. Bell and have been contacted by multiple investors looking to also pursue claims.
Matthew A. Bell, Craig L. Josephberg, and other financial advisors, were allegedly involved in a 'pump-and-dump' scheme involving shares of Cubed, Inc., The Staffing Group Ltd., CodeSmart, and StarStream Entertainment Inc. In a 'pump-and-dump' scheme, the broker/financial advisor pumps up the price to their clients of a stock to give the appearance that it is in demand after they have personally purchased it at the low price. This artificially increases it's value. When the price rises brokers then purchase the stock for their clients, then when the price is high after a demand is created, the brokers dump shares they own personally, and the stock which has an inflated value, drops considerably and the client in turn loses their investment.
Allegedly, Bell and Josephburg, from 2012, purchased shares in Cubed, Inc., The Staffing Group Ltd., CodeSmart, and StarStream Entertainment Inc. for their clients, even when they were 'dumping' their own shares in the companies. Matthew Bell was with Securities America, Inc. and WFG Investments, Inc. in San Antonio, Texas. Craig Josephberg was with Halcyon Cabot Partners and Meyers Associates, L.P. in New York, NY.
Currently, Bell and Josephberg have been indicted by the U.S. Attorneys Office in New York, and the U.S. Securities & Exchange Commission (SEC) has filed a civil action against Bell and Josephberg and others regarding this matter.
Soreide Law Group represents clients nationwide before FINRA. If you were clients of Matthew A. Bell, or other brokers/financial advisors involved in this 'pump and dump' scheme and have experienced losses, please call an attorney for a free consultation on how to potentially recover those losses: 888-760-6552.
Investors reportedly complained about securities broker Edward Terral Hill (also known as Ed Hill) [CRD: 6008804, West End, North Carolina], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Hill joined LPL Financial LLC on March 1, 2018, as both a broker and an investment adviser at its West End, North Carolina office. […]
Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: WELLS FARGO CLEARING SERVICES, LLC (Respondent). The Claimant is a 90-year-old retiree, with dementia living in Ohio. He has no children and lives alone. The Claimant was a longtime customer of retired WELLS FARGO CLEARING SERVICES broker, James Medsker. Medsker […]
Investors might have sustained losses due to securities broker Alan Levine [CRD: 3114259, Ashland, Oregon], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Levine has worked for LPL Financial LLC since May 1, 2025, after previously working with Grove Point Advisors LLC from April 1, 2021, to May 1, 2025, and Grove […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com