The Fort Lauderdale-based Soreide Law Group, phone (888) 760-6552, obtained the following summation of information from FINRA’s website, under “Disciplinary and Other FINRA Actions, May, 2014.” Jon Fred Larson (CRD #861915, Lakeland, Florida) was assessed a deferred fine of $5,000 and suspended by FINRA for 10 business days. According to FINRA's findings, allegedly Larson entered […]

On January 9th., 2014, the Financial Industry Regulatory Authority (FINRA) ordered two St. Louis-based broker/dealers, Stifel, Nicolaus & Company, Incorporated and Century Securities Associates, Inc., to pay fines of $550,000 and $475,000 in restitution to 65 customers in connection with sales of leveraged and inverse exchange traded funds (ETFs). Stifel and Century are affiliates and […]

This past Tuesday, May 1st., FINRA, the Financial Industry Regulatory Authority, Inc. fined four major brokerages $9.1 million for selling complex ETFs (Exchange Traded Funds) to investors whose portfolios were otherwise conservative.  Without admitting or denying the charges, the brokerges will be paying $7.3 million in fines, and $1.8 million in restitution to the clients who […]