The Securities and Exchange Commission (SEC) announced on May 1, 2012, that they  charged UBS Financial Services Inc. of Puerto Rico and two executives with making misleading statements to investors, concealing a liquidity crisis, and masking its control of the secondary market for 23 proprietary closed-end mutual funds. UBS Puerto Rico will settle the SEC’s charges by […]

Attention Cawley Multifamily Fund I, LP Investors:  You may be able to recover your investment losses in Cawley Fund by filing a FINRA arbitration against your selling broker.   The broker/dealers that sold the Cawley Fund include, Optivest, Capital Financial Services, Inc.; Calton & Associates, Inc.; and VSR Financial Services, Inc. Soreide Law Group is investigating […]

Attention Odyssey Investors. You may be able to recover your investment losses in Odyssey by filing a FINRA arbitration against your selling broker.   Odyssey Properties III, LLC, has raised over $28 million dollars selling notes. Odyssey began selling notes through a private placement offering of the notes. These notes were marketed and sold by […]

Soreide Law Group is filing FINRA Arbitrations on behalf of investors who invested in Direxion 3x Funds: FAZ, ERY, BGZ, and TZA.  Leveraged ETF’s have now imploded and regulators and investors have finally woken up and are beginning to pay attention. Major fines have just been handed down to the industries top brokerage houses for […]

Soreide Law Group is investigating the sale of secured debentures by Warsowe Acquisition Corporation. Warsowe is located in Florida and offered different series of investments secured by collateral assignments and corresponding mortgages.   Many of these investments were sold through Andrew Stuart Asset Management, located in Coral Springs, Florida. These investments may have been touted […]

Soreide Law Group is currently investigating claims on behalf of our clients who may have suffered losses by investing in Amidee Capital and the Inland American REITs. They are non-traded Real Estate Investment Trusts, commonly known as 'REITs', which may have liquidity and redemption risks that may have not been known to investors.    If you or a family member have sustained […]

Soreide Law Group, PLLC, has been conducting investigations into several REITs.  Cornerstone Core Properties REIT was at one time valued around $8.00 per share.  If you were an investor at that price, you have now seen that value tumble to its current approximate value of $2.25.  This non-traded Real Estate Investment Trust has suffered a […]

The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:”   William Edward Herlihy (CRD #4005879, Registered Principal, Deltona, Florida)  submitted a Letter of Acceptance, Waiver and Consent in which he was fined $50,000 and suspended from association with any FINRA member in any capacity for six months. The fine must be paid […]

The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:” Stone & Youngberg LLC (CRD #795, San Francisco, California) submitted a Letter of  Acceptance, Waiver and Consent in which the firm was censured, fined $350,000 and ordered to pay $206,054.72, without interest, in restitution to customers. Without admitting or denying the findings, the […]