Merrill Lynch’s Thomas Buck Is Going To Jail For Defrauding Investors Thomas Joseph Buck (CRD#: 1024868, Indianapolis, Indiana), the general securities representative of Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”), will go to prison for forty months for committing securities fraud. Supposedly, Buck charged $2,000,000.00 in excessive commissions to customers holding commission-based trading […]

Lincoln Financial Advisors Brokers Ivy Menchel, Adam Gellis Accused Of Investment-Related Misconduct Lincoln Financial Advisors Corporation (CRD#: 3978, Fort Wayne, Indiana) is a brokerage firm and investment advisory firm regulated by Financial Industry Regulatory Authority (“FINRA”) and Securities and Exchange Commission (“SEC”), respectfully. Since its establishment, Lincoln reports fourteen regulatory actions and six arbitrations. Those […]

INVESTOR WARNING! Complaints Filed Against BBVA Securities Brokers Samuel Doria, Whitney Streck, Roberto Clynes BBVA Securities Inc. (CRD#: 27060, New York, New York) is a brokerage firm regulated by the Financial Industry Regulatory Authority (“FINRA”). Since establishment, BBVA Securities Inc. reports eight instances in which securities regulators or the firm’s customers have alleged the firm […]

FINRA Issues Fine And Suspension To LPL Financial LLC’s Melvin Case Melvin Elwood Case (CRD#: 2393464, Jacksonville, Florida) is a prior general securities representative for LPL Financial LLC. Notably, on January 19, 2018, FINRA issued Case a $5,000 fine and six month suspension from having any association with a FINRA member in all capacities for […]

Complaints Filed Against Wells Fargo Brokers Joseph Esposito, Keith Keply Jr., Thomas Jackson Wells Fargo Clearing Services (CRD#: 19616, St. Louis Missouri), which also does business as Wells Fargo Advisors, is a brokerage firm and investment adviser firm regulated by Securities and Exchange Commission (“SEC”), Financial Industry Regulatory Authority (“FINRA”) and state securities regulators. Apparently, […]

Soreide Law Group obtained the following information on FINRA’s December 2017 Disciplinary Report: LANDON L WILLIAMS (LANDON LAVON WILLIAMS)(CRD #1751467, Daytona Beach, Florida) was assessed a deferred fine of $10,000 and suspended by FINRA due to allegations that during telephone conversations with clients, he misrepresented and omitted material facts, and made misleading statements relating to […]

Soreide Law Group, based in South Florida, obtained the following information from FINRA’s November 2017 Disciplinary report regarding Miami broker:  Lorenzo C. Esteva (CRD #2170595, Miami, Florida) Lorenzo C. Esteva was barred by FINRA for allegedly failing to produce FINRA-requested documents and information as part of an investigation into client complaints that he allegedly provided […]

On March 9, 2017, an investor won a $357,000 arbitration award against Wells Fargo Advisors for unsuitable energy and housing investments.  The investor claimed; fraud, negligent misrepresentation, breach of fiduciary duty and negligent supervision, among other causes. The panel awarded the investor $357,000 in compensatory damages plus 8.75% interest from March 25, 2016, until March […]

Soreide Law Group obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions, September 2016.” David C. Cannata (CRD #2408845, Smithtown, New York) was barred by FINRA and ordered to pay $1,566,298.14, plus interest, in restitution to clients. The sanctions were based on findings that Cannata allegedly made unsuitable recommendations and excessively […]