Soreide Law Group is investigating possible investor claims against securities broker Matthew Karle Panke (also known as Matt Panke) [CRD: 2227976, Clayton, Missouri]. Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Charles Schwab Co. Inc. Here is a brief summary of the […]

The Florida Office of Financial Regulation (OFR) issued a Final Order on March 26, 2012, against Charles Schwab & Co, Inc., including a $1.1 million fine, for the distribution of inaccurate descriptions of preferred equity securities, municipal bonds and corporate bonds to customers from 2008 to 2011. Additionally, the OFR examination concluded that Schwab did […]

NEW YORK - In an article from FoxBusiness.com, Brett Philbin writes that  E*Trade Financial Corp. (ETFC)  received a Wells notice from the Financial Industry Regulatory Authority related to the purchase of auction-rate securities by customers of one of its subsidiaries, according to a regulatory filing.  A Wells notice indicates that regulators are recommending enforcement action and […]