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 […]

The following summation was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2013.” Paul David Arnold (CRD #2278472, Registered Principal, Clearwater, Florida) was barred from association with any FINRA member in any capacity. Arnold did not pay restitution because the customer sought and obtained treble damages ('treble' is a term that indicates […]

The following summation was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2013.” Paul David Arnold (CRD #2278472, Registered Principal, Clearwater, Florida) was barred from association with any FINRA member in any capacity. Arnold did not pay restitution because the customer sought and obtained treble damages ('treble' is a term that indicates […]

On Tuesday, September 17th., 2013, 47 year old, Andorean Boleancu, a financial adviser from Northern California, pleaded guilty to charges that he wrote over $1.8 million in checks from his client's accounts. This client was an elderly widow. The U.S. Attorney's office said that Andorean Boleancu now faces 30 years in prison, a $1 million […]

FINRA lists the following on their website under “Disciplinary and Other FINRA Actions, August, 2013.” Anthony David Brentin (CRD #5550765, Registered Principal, Longview, Washington) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Brentin consented to the described sanction and to the entry of findings that Brentin […]

FINRA lists the following on their website under “Disciplinary and Other FINRA Actions, August, 2013.” Anthony David Brentin (CRD #5550765, Registered Principal, Longview, Washington) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Brentin consented to the described sanction and to the entry of findings that Brentin […]

In an article posted in the Indianapolis Star yesterday, Thomas Redmond Jr., was convicted on securities fraud charges, and sentenced to four years in prison followed by six years on work release. Redmond was placed in handcuffs and taken to the Marion County Jail. Thomas Redmond, 61, was charged in April on 10 counts of […]

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 […]

McMillan v. Newbridge Securities, FINRA ID #12-01880 (Boca Raton, FL, 6/24/2013) - Two clients recover $983,200, including damages and interest, against a broker who allegedly stole funds from numerous accounts. THE FOLLOWING IS FROM FINRA'S WEBSITE: CASE SUMMARY Claimants asserted the following causes of action: breach of fiduciary duty; negligence; negligent supervision; violation of Article […]