The following information was found on FINRA’s website under “Disciplinary and Other FINRA Actions, August, 2013.” Call Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. Chadrick David Kelly (CRD #2712230, Registered Representative, Denham Springs, Louisiana) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Kelly […]

Clifford Jagodzinski, formerly of Morgan Stanley Smith Barney LLC (MSSB), claims he was fired for blowing the whistle on one of the firm's newest wealth managers, Harvey Kadden. According to the complaint, filed in U.S. District Court in the Southern District of New York, Kadden “was flipping preferred securities in a manner that was generating […]

JHS Capital Advisors Inc. and a former broker, Enver R. Alijaj, were fined $1.9 million in a Finra arbitration last week stemming from allegations that the broker traded in a client's account excessively to generate commissions. The broker was also forced to pay $500,000 to settle a previous charge of churning. Churning is illegal and unethical. On the […]