Two former financial advisors have been barred by the Financial Industry Regulatory Authority (FINRA). FINRA has barred: MATTHEW THOMAS COCHRAN CRD#: 5853600, and GARY JOHN BASRALIAN CRD#: 14385 Matthew Cochran of Charlotte, N.C., allegedly opened approximately 100 accounts at TD Ameritrade while working at Northwestern Mutual Investment Services, LLC, in Charlotte, NC, without informing either […]

Soreide Law Group (888-760-6552) obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions January 2017.” (FINRA issued the following complaint, and the issuance of a disciplinary complaint represents FINRA’s initiation of a formal proceeding in which findings as to the allegations in the complaint have not been made, and does not […]

Florida-based Soreide Law Group, has obtained the following summation of information from FINRA's Website under "Disciplinary and Other Actions, December 2014." Anthony Arthur Grey (CRD #709788, Winter Park, Florida) was fined $30,000, suspended by FINRA for 18 months and is required to disgorge $15,750, plus pre-judgment interest, to FINRA. The National Adjudicatory Council (NAC) affirmed […]

BENJAMIN L. GRANT, financial advisor, and his firm Sage Advisory Group based in Boston, were found liable for fraud by a federal jury in Massachusetts. This case was originally filed in 2010 by the Securities and Exchange Commission (SEC). According to the SEC's complaint, allegedly Benjamin Lee Grant of Boston persuaded his former brokerage customers […]

James Y. Lee, La Jolla, California, was charged by the SEC on February 13, 2014, for allegedly defrauding his advisory clients by charging a management fee up to 50% of the client's monthly profits and told clients that he would share 50% of their losses. When the clients lost, he did not reimburse them his […]

In a September 29, 2011 article in the InvestmentNews.com, Andrew Osterland writes that the Securities and Exchange Commission (SEC) filed charges against unregistered Long Island investment adviser Corey Ribotsky for allegedly lying about the performance of his investment strategies and stealing more than $1 million from one of the hedge funds he managed. According to the […]