Soreide Law Group, (888) 760-6552, obtained the following summation of information from FINRA’s website, under “Disciplinary and Other FINRA Actions, May, 2014.” Darinn Dwight Kim (CRD #4029402, Rolling Meadows, Illinois) was barred by FINRA for allegedly transferring a client's funds, selling the client’s securities, and ordering a $190,000 check drawn on the client’s securities account […]

The Soreide Law Group, (888) 760-6552, has obtained the following summation from FINRA’s website, under “Disciplinary and Other FINRA Actions, May, 2014.” Nicholas Adam Hill (CRD #5992761, Parkville, Maryland) was barred by FINRA for allegedly withdrawing $8,000 from his customer bank accounts without the customers’ authorization. According to FINRA's findings, allegedly Nicholas Hill used the […]

The following summation of information is listed on FINRA's website under “Disciplinary and Other FINRA Actions, May, 2014.” Jeffrey Scott Davis (CRD #3081852, Virginia Beach, Virginia) was barred by FINRA. According to FINRA's report, allegedly Davis converted $116,976.69 from his clients' brokerage accounts at his firm and used these funds for his personal use. According […]

Robert E. Lee Jr., 50, broker and financial advisor from Oxford, Connecticut, was charged on May 12, 2014, with bilking millions of dollars from his clients through an alleged Ponzi scheme. Lee was employed by several firms. Federal prosecutors allege that Lee's Ponzi scheme occurred from January 2011 through March 2014. Prosecutors allege Lee told […]

JOSEPH J. HENNESSY, a 53 year-old financial advisor from Western Springs, Illinois, was charged with running a Ponzi scheme which defrauded at least 10 investors out of $2.9 million. According to federal prosecutors' announcement on Friday, this took place over a five-year period. JOSEPH J. HENNESSY, who was registered with FINRA, CRD# 1380254, was indicted […]

The following summation of information is from FINRA's website under, "Disciplinary and Other Actions, March, 2014." Ariel Luis Hernandez (CRD #2684424, Registered Principal, Pembroke Pines, Florida) was barred by FINRA. Hernandez, according to FINRA's report, allegedly did not comply with requests for documents, information and testimony. FINRA began an investigation because of a Uniform Termination […]

Patrick J. Sullivan, a 44 year-old Cumberland, Rhode Island, financial advisor, was barred from the securities industry by the U.S. Securities and Exchange Commission (SEC), after pleading guilty to fraud charges. The SEC issued the order on March 21st, 2014. Patrick Sullivan was a member and also a co-founder of and insurance business, Winchester Financial […]

A Seattle investment advisor, Mark F. Spangler, 60, was sentenced March 13, 2014, to 16 years in prison on 32 counts of fraud and money laundering. Spangler, without his clients' knowledge, invested more than $46 million into two very risky startup companies which he also had ownership interest. Beginning in 1998, Spangler raised more than […]

Sherrell Berrett, a 75 year-old St. George, Utah man was accused of defrauding four people out of more than $1 million. Berrett has agreed pay back his victims, $1.3 million as part of a plea deal. Berrett agreed to plead guilty to one count of securities fraud, although he was charged with 13 counts. Berrett's […]