ATTENTION INVESTORS: Complaints Filed Against LPL Financial Brokers Michael Botwinick, Christopher Dunlap, Brian Midi Soreide Law Group is reviewing possible investor claims against brokers of LPL Financial LLC (CRD#: 6413, Boston, Massachusetts) who may have engaged in sales practice violations. Notably, the firm disclosed through Financial industry Regulatory Authority (“FINRA”) that customers brought fifty-four investment-related […]

Florida-based Soreide Law Group obtained the following information on FINRA’s website under, “Disciplinary and Other FINRA Actions, August 2016.” Sonia Giannetti (CRD #5922748, Coral Springs, Florida) was assessed a deferred fine of $10,000 and suspended by FINRA for two years for allegedly withholding documents in FINRA information requests, produced false and misleading responses to FINRA […]

The South Florida based law firm, Soreide Law Group, obtained the following summary of information from FINRA's website under, "Disciplinary and Other FINRA Actions, April 2016." CHRISTOPHER B. KELLY (CRD# 2306054, Jupiter, Florida) was assessed a deferred fine of $10,000 and suspended by FINRA for four months for allegedly borrowing $150,000 from clients which is […]

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The Financial Industry Regulatory Authority (FINRA) recently fined Merrill Lynch $175,000 because, according to FINRA, they took a year to report the allegations that one of its financial advisors, Greg Campbell of Clayton, MO, misappropriated more than $1.7 from client accounts. Campbell left Merrill Lynch in Oct. 2011, and went to LPL Financial Holdings Inc. […]

Jodie Linn Miller (CRD #4772684, St. Petersburg, Florida) was assessed a deferred fine of $53,225, including disgorgement of $38,225, plus interest, and suspended by FINRA 18 months. Miller allegedly participated in private sales of $764,500 worth of a company’s securities for which she earned commissions of approximately $38,225 without notifying either of her member firms […]

Florida-based Soreide Law Group has obtained the following summation of information from FINRA's Website under "Disciplinary and Other Actions, January, 2015." Marc Halan Baldinger (CRD #1942349, Jensen Beach, Florida) was assessed a deferred fine of $10,000, suspended by FINRA for 18 months and ordered to pay $233,000, plus interest, in disgorgement of selling compensation. Allegedly […]

JEFFREY A. CASHMORE (CRD# 1928725) former LPL broker, was suspended and fined by FINRA for alleged misconduct for distributing misleading sales information to his clients and prospective clients. According to a recent article in Reuters, in one case, six retirees of the former Niagara Mohawk Power Corp, now a part of National Grid USA, a […]

On March 24th., 2014, LPL Financial was fined $950,000 for supervisory failures in the sales of alternate investments by the Financial Industry Regulatory Authority (FINRA). The deficiency in supervision is related to oil and gas partnerships, non-traded REITS, hedge funds, to name a few, and other illiquid investments. This fine is the latest in a […]