Soreide Law Group (888-760-6552) obtained the following information from FINRA’s December disciplinary actions: Jeffrey D. Jacobson (CRD #1976541, Maple Grove, Minnesota) was fined $7,500 and suspended by FINRA for 15 business days for allegedly failing to adequately supervise a representative who initiated hundreds of trades for elderly clients without contacting them and unsuitably recommended transactions […]

Soreide Law Group, based in South Florida, recently obtained the following information from FINRA’s website listed under, “Disciplinary and Other FINRA Actions, November, 2016.” DOUGLAS W. STUDER (CRD# 4440047 Ft. Lauderdale, Florida) Alternate Names: DOUG STUDER was recently barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Douglas […]

STANLEY C. NIEKRAS (CRD# 2417486) was named a respondent in a FINRA complaint alleging that he misrepresented to his elderly clients, a husband and wife both in their 90s and in declining physical and mental health, that he was entitled to more than $70,000 for purported estate and financial planning services. The complaint alleges that […]

Former broker DOUGLAS W. STUDER (CRD# 4440047) Alternate Names: DOUG STUDER has been barred recently by FINRA for refusing to appear for on-the-record testimony as requested by FINRA.  Studer was allegedly involved in an investigation into whether he had violated his employing member firm's policy by being named in an elderly client's estate documents to […]

The Financial Industry Regulatory Authority Inc. (FINRA) filed a complaint August 25th. 2016, against ex-broker, CHRISTOPHER B. ARIOLA (CRD# 2957096) (Alternate Name: CHRISTOPHER BASILE ARIOLA).  Allegedly while working for Bay Mutual Financial, of Santa Monica, California, Ariola recommended that three elderly retirees invest a substantial portion of their retirement savings in gold and energy stocks […]

RICHARD W. OHRN (CRD# 5106991) Boca Raton was barred by FINRA over a complaint filed against Ohrn for the theft of $15,250 from two elderly clients’ accounts. Ohrn neither admitted to or denied FINRA's findings. Allegedly Ohrn also forged the signatures of four firm clients according to FINRA and changed the addresses of these clients […]

The Financial Industry Regulatory Authority (FINRA) announced that Avenir Financial Group, a New York-based broker-dealer, its CEO Michael Clements, and registered representative Karim Ibrahim (aka Chris Allen) consented to an order halting further fraudulent sales of equity interests in the firm and promissory notes pending a hearing on fraud charges relating to the same offerings. […]

Patrick Richard Harrison (CRD #4976695, Fircrest, Washington) was barred by FINRA for allegedly participating in a series of private securities transactions by introducing two senior investors to an individual who purported to sell the investors discounted shares in a publically traded regional bank without providing prior notice to his member firm. FINRA's findings stated that […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, August, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. Warren Leroy Troutman (CRD #449648, Registered Representative, Freeport, Pennsylvania) was fined $5,000 and suspended from association with any FINRA member in any capacity for two months. Without admitting […]