Joseph Orazio DeGregorio, a former broker from the New Jersey/New York area was ordered by the U.S. District Court for the Eastern District of New York to repay more than $1 million in ill-gotten gains. DeGregorio was civilly charged by the SEC with defrauding elderly clients according to a recent article in Financial Advisor. Degregorio was […]

ATTENTION INVESTORS: Losses from Cetera Broker CLARA TANG? Soreide Law Group is reviewing possible investor claims against Cetera Investment Services LLC securities broker Clara Tang (CRD#: 4852979, Cupertino, California). Notably, the Financial Industry Regulatory Authority (“FINRA”) BrokerCheck Report for Clara Tang, who worked at Cetera Investment Services from August 2012 to May 2018, shows that […]

Austin Wayne Morton (AUSTIN W MORTON) CRD#: 5538108 was named a respondent in a FINRA complaint alleging that he converted a total of $36,000 from an 82-year-old former client with dementia. The complaint alleges that Morton first took $20,000 in cash from the client shortly after the client, accompanied by Morton, had withdrawn the cash […]

The Financial Industry Regulatory Authority (FINRA) announced that Avenir Financial Group, a New York-based broker-dealer, its CEO Michael Clements, and registered representative Karim Ibrahim (aka Chris Allen) consented to an order halting further fraudulent sales of equity interests in the firm and promissory notes pending a hearing on fraud charges relating to the same offerings. […]

Robert Durant Tucker (CRD #1725356, New York, New York) was barred by FINRA and the SEC dismissed Tucker’s appeal of the NAC decision. This sanction was based on FINRA's findings that Tucker allegedly improperly approved the transfer of client funds to his personal checking account by falsifying a wire transfer form to give it the […]

With the growing number of our citizens reaching 60 or above, we are also seeing a growing number of victims of investment fraud in this age group. In fact, people over the age of 60 account for over thirty percent of investment fraud victims. Most seniors are living on a fixed income. These investment losses […]

RALPH H. LORD (CRD# 312708), a stock broker and former investment advisor from Flowood, Mississippi, was fined by the Mississippi Secretary of State for allegedly advising a now-deceased Greenville, Mississippi woman to buy into a risky company. The investigation revealed that in 2003 - 2004, Lord allegedly sold a 90 year-old woman, $230,000 in debt […]

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.” Michael John Kmetz (CRD #4430001, Registered Principal, Cazenovia, New York) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Kmetz consented to […]

BLAKE BANCROFT RICHARDS (CRD #4051402) Blake Richards of Buford, Georgia, was charged by the Securities and Exchange Commission (SEC) with violations of the federal securities laws for misappropriating investor funds. In May, the SEC filed an emergency action seeking a temporary restraining order and other emergency relief in federal court against Richards. The SEC’s complaint […]