Latest Securities Lawyer News

Financial West Group Broker Sean J. Waters Barred For Churning Sean J. Waters (CRD#: 4414180, Los Angeles, California) is a prior securities representative of Financial West Group who just got barred from the securities industry by the Financial Industry Regulatory Authority (“FINRA”). Pursuant to Letter of Acceptance, Waiver and Consent #2017054755203 dated November 28, 2018, […]

Merrill Lynch Broker Christopher Lee Hibbard Indicted For Fraud Christopher Lee Hibbard (CRD#: 3176484, Louisville, Kentucky) is a prior registered representative of Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”) who was indicted in the United States District Court for the Western District of Kentucky on nine counts of wire fraud and one count […]

Customer Files Suit Against Laidlaw For Churning Account David Michael Murray (CRD#: 1870050, New York, New York) is a prior registered representative of Laidlaw & Company (UK) LTD. According to Murray’s Financial Industry Regulatory Authority (“FINRA”) BrokerCheck profile, his sales practices have been contested by customers on four occasions. The disputes concern customers of Laidlaw […]

The following is a portion of the article quoting Securities Lawyer, Lars K. Soreide of Soreide Law Group. The article was written by Andrew Welsch and appeared in onwallstreet on March 11,2015: "Ex-Advisor Racks Up $16M in Client Complaints One barred advisor. Fourteen client complaints. $16 million in alleged damages. Troubles are mounting for Enver […]

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013.” Alan Jay Davidofsky (CRD #1389312, Registered Representative, Delray Beach, Florida) was fined $11,741.78, plus interest, which represents disgorgement, and barred from association with any FINRA member in any capacity. The […]

The SEC brought proceedings that arise out of a failure reasonably to supervise three registered representatives (the “Registered Representatives”) with a view to preventing and detecting their violations of federal securities laws by JP Turner. Between January 1, 2008 and December 31, 2009 (the “relevant period”), for the purpose of generating commission business, these registered […]

Clifford Jagodzinski, formerly of Morgan Stanley Smith Barney LLC (MSSB), claims he was fired for blowing the whistle on one of the firm's newest wealth managers, Harvey Kadden. According to the complaint, filed in U.S. District Court in the Southern District of New York, Kadden “was flipping preferred securities in a manner that was generating […]

The Securities and Exchange Commission alleged three former brokers at JP Turner & Co. in Atlanta, traded excessively in accounts of seven clients from January, 2008, through December, 2009. Regulators reported that these three brokers churned their client's accounts and received $845,000 in commissions and fees for themselves and the brokerage. Unfortunately, their customers lost […]

Recently, certain United States based brokerage firms have been contacting investors located in England, Scotland, Wales, and Ireland, soliciting customers to open accounts at USA based brokerage firms. The Securities Lawyers at Soreide Law Group have recently been receiving a large number of inquires from overseas investors. The UK investors are now looking to initiate […]