In  a September 30th., 2011 article from InvestmentNews.com, Darla Mercado writes that the Commodity Futures Trading Commission today charged a Miami man with fraud  and other allegations, claiming that he ran a phony $3 million commodity pool. It was announced that Oscar Hernandez, and his companies Midway Trading Co. LLC and Conquest Investment Group Inc. are […]

WASHINGTON – On FINRA's website, August, 10, 2011, The Financial Industry Regulatory Authority (FINRA) announced that it has fined Citigroup Global Markets, Inc. $500,000 for failing to supervise Tamara Moon, a former registered sales assistant at the firm's branch office in Palo Alto, California. Over an 8 year period, Moon misappropriated $749,978 from 22 customers, falsified […]

There have been claims filed with the Financial Industry Regulatory Authority (FINRA) against the NNN Capital Opportunity Fund, LLC, in connection with the sale of defective financial products. Subject to review it appears to have retained its value well during the financial crisis, then imploded thereafter. Many of these products are manufactured for retail sale to the investment public with […]

Soreide Law Group, PLLC, is filing claims on behalf of Morgan Stanley Smith Barney clients that were sold Fannie Mae and Freddie Mac preferred stocks in 2007 and 2008.  Despite internal limitations to recommend no more than 10% of an investor's portfolio in preferred stocks, Morgan Stanley Smith Barney investors were sold Fannie Mae and Freddie […]

WASHINGTON —It was announced July 20, 2011, on FINRA's website that The Financial Industry Regulatory Authority (FINRA) has suspended William Bailey, a former NEXT Financial Group, Inc. broker of Mesa, Arizona, from the securities industry for two years for unsuitable and excessive trading of mutual funds and variable annuities. Bailey also engaged in discretionary trading without […]

TALLAHASSEE, Fla. – On The Florida Office of Financial Regulation's website it was announced, July 21, 2011, that The Florida Office of Financial Regulation (OFR) issued a final order on May 26, 2011, against investment adviser James Paul Birmingham (“Birmingham”) (CRD # 222511) and his Broward County companies Birmingham Investments and Birmingham Capital Advisors, LLC for […]