Soreide Law Group obtained the following information from FINRA’s June 2021 Disciplinary report on broker: Joseph Albert Ambrosole (CRD #5732488, Staten Island, New York) On April 7, 2021, an Acceptance, Waiver, and Consent (AWC) was issued in which Joseph Albert Ambrosole was fined $5,000, suspended from association with any FINRA member in all capacities for […]

MICHAEL ALAN SIEGEL (MICHAEL A SIEGEL) CRD#: 1950871, a Livingston, New Jersey broker will have his agent registration revoked and was fined $100,000 in civil penalties against him and his company NJLI Advisors L.L.C. after defrauding an elderly couple of at least $280,000, according to the Attorney General of New Jersey Bureau of Securities. Allegedly, Michael […]

Unfortunately, Soreide Law Group continues to see the egregious misconduct by licensed broker/dealers taking advantage of their elderly clients.  This incredibly shocking behavior appears often in FINRA’s monthly Disciplinary Report.  It is important to shed light on this misconduct and make elderly clients and their family members aware of broker elder abuse. It is essential […]