Soreide Law Group obtained the following information from the January, 2018 FINRA Disciplinary Report: Bruce A. Lefavi Securities, Inc. (CRD #10684, Salt Lake City, Utah)  was censured and fined $25,000 for allegedly preparing four retail communications and distributing them to numerous clients containing content that pertained to Real Estate Investment Trusts (REITs) and/or Business Development […]

Soreide Law Group (888-760-6552) obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions, July 2016.” BrokerBank Securities, Inc. (CRD #130116, Minnetonka, Minnesota) and Philip Paul Wright (CRD #2453688, Eden Prairie, Minnesota) BrokerBank Securities, Inc. was censured and fined, jointly and severally, $15,000 with Philip P. Wright. Wright was separately fined $10,000 […]

Arque Capital, Ltd. (CRD #121192, Scottsdale, Arizona) was censured and fined $50,000 for allegedly selling approximately $3.53 million in an alternative investment known as Renewable Secured Debentures to approximately 40 investors while providing investors with their sales kit, which included a brochure with misleading statements. FINRA's findings stated that as the managing broker/dealer for the […]