A broker/dealer, FSC SECURITIES CORPORATION, which is in the Advisor Group, is facing a multi-million dollar arbitration claim by thirteen investors alleging that three of their brokers made unsuitable recommendations by over-concentrating the clients’ portfolios with high-commission, illiquid alternative investments. Many of the investors who filed the claim on July 23, 2019, with the Financial […]

American Finance Trust, Inc. (AFIN) announced last month that it has issued $242 million of long-term fixed-rate notes designated as AFIN's Net-Lease Mortgage Notes, Series 2019-1. According to Yahoo Finance, the net proceeds from the sale of the notes will be used to primarily refinance assets currently financed under AFIN's revolving unsecured corporate credit facility. […]

Soreide Law Group has filed a FINRA arbitration on behalf of their clients (Claimants) against: FSC SECURITIES CORPORATION (Respondent) The Claimants, a married couple from Texas, maintained a relationship with FSC Securities and their former financial advisor, Richard Gigliotti. Gigliotti is not named in the lawsuit. FSC Securities and Richard Gigliotti were allegedly made aware […]

Soreide Law Group has filed two FINRA arbitrations on behalf of their clients against: FIRST ALLIED SECURITIES, INC. The clients claim an alleged lack of supervision and actions of their former broker/financial advisor, now deceased: WILLIAM MICHAEL ROBERTSON (AKA: MIKE ROBERTSON) (CRD#: 823461). William Michael Robertson was based in the Houston, Texas area.  Robertson was […]

Soreide Law Group is investigating claims on behalf of investors who were sold American Realty Capital Finance (AFIN) by former CETERA INVETMENT SERVICES, LLC, broker, DENNIS ALLEN REEVE (CRD#: 1603350). Reeve was employed by Cetera for nearly 12 years and worked in the Lake City Bank branch office in Warsaw, Indiana. According to FINRA’s BrokerCheck, […]